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Strategic Minerals Advances Redmoor Drilling and Metallurgical Studies

Story Highlights
  • Strategic Minerals focuses on the Redmoor Tungsten-Tin-Copper Project in Cornwall.
  • Recent drilling and studies show promising results, indicating potential economic benefits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Strategic Minerals Advances Redmoor Drilling and Metallurgical Studies

Meet Your ETF AI Analyst

Strategic Minerals ( (GB:SML) ) has provided an update.

Strategic Minerals plc has announced significant progress in its Redmoor drilling and metallurgical studies. The company completed two additional drill holes, intersecting key portions of the Sheeted Vein System, which are integral to the mining model. The metallurgical studies show promising results with high recovery rates for tungsten, tin, and copper, suggesting potential economic upsides for the project.

The most recent analyst rating on (GB:SML) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Strategic Minerals stock, see the GB:SML Stock Forecast page.

Spark’s Take on GB:SML Stock

According to Spark, TipRanks’ AI Analyst, GB:SML is a Neutral.

Strategic Minerals’ strong financial recovery and bullish technical indicators are key strengths, though high valuation and historical volatility pose risks. The absence of earnings call insights and corporate events limits additional context.

To see Spark’s full report on GB:SML stock, click here.

More about Strategic Minerals

Strategic Minerals plc is an international mineral exploration and production company. Its primary focus is on the Redmoor Tungsten-Tin-Copper Project in southeast Cornwall, which is recognized as the highest-grade undeveloped tungsten resource in Europe.

Average Trading Volume: 39,359,140

Technical Sentiment Signal: Buy

Current Market Cap: £42.29M

See more insights into SML stock on TipRanks’ Stock Analysis page.

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