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Strategic Minerals ( (GB:SML) ) has provided an update.
Strategic Minerals plc has announced the arrival of a diamond core drill rig at its Redmoor site, marking a significant step in its exploration efforts in east Cornwall. The drilling program, supported by UK government funding, aims to enhance geological data for an updated Mineral Resource Estimate by Q1 2026. This development is part of a broader strategy to strengthen the company’s position in the critical minerals market, with ongoing relogging and sampling activities complementing the drilling efforts.
More about Strategic Minerals
Strategic Minerals plc is an international mineral exploration and production company, actively developing strategic projects in the UK, United States, and Australia. The company focuses on the exploration and production of tungsten, tin, and copper, with significant operations in the historically rich Tamar Valley Mining District in Cornwall, UK. It wholly owns Cornwall Resources Limited, which manages the Redmoor Tungsten-Tin-Copper Project.
Average Trading Volume: 6,716,100
Technical Sentiment Signal: Buy
Current Market Cap: £6.93M
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