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An announcement from Strategic Minerals ( (GB:SML) ) is now available.
Strategic Minerals reported a major improvement in metallurgical performance at its Redmoor project, with overall tungsten recovery rising from 72.0% to 85.8%, a 19.2% relative uplift, following comprehensive flowsheet testwork. As tungsten is the primary economic driver at Redmoor, the enhanced recovery metrics are set to feed into an updated Mineral Resource Estimate and economic assessment, potentially strengthening project economics.
The study also confirmed that silver is recoverable within the copper circuit, with 58.7% silver recovery at a grade of 270 g/t in copper concentrate, allowing silver to be treated as a smelter credit in future economic modelling. While tin and copper recoveries remain broadly unchanged, the metallurgical programme identified process improvement options to be tested during the prefeasibility study, underlining Redmoor’s growing economic potential amid higher tungsten prices.
The most recent analyst rating on (GB:SML) stock is a Buy with a £3.00 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 SML Stock
According to Spark, TipRanks’ AI Analyst, SML is a Neutral.
The score is primarily supported by improved 2024 financial performance and strong technical uptrend signals. It is materially constrained by expensive valuation (high P/E and no dividend yield data) and technical overbought indicators that elevate near-term risk.
To see Spark’s full report on SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an international mineral exploration and production company listed on AIM and the US OTC market. Through its wholly owned subsidiary Cornwall Resources Limited, the company is advancing the Redmoor tungsten-tin-copper project in Cornwall, which it describes as Europe’s highest-grade undeveloped tungsten resource, focused on polymetallic mineralisation including tungsten, tin, copper and silver.
Average Trading Volume: 24,956,841
Technical Sentiment Signal: Buy
Current Market Cap: £131.5M
See more insights into SML stock on TipRanks’ Stock Analysis page.