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An announcement from Strategic Minerals ( (GB:SML) ) is now available.
Strategic Minerals plc has announced the start of a fully funded and permitted 9-borehole drill programme at the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. This initiative, supported by UK Government grant funding, aims to update the Mineral Resource Estimate for Redmoor, reflecting shifts in global markets and the rising importance of critical minerals. The drilling, which marks the first exploration at Redmoor since 2018, is expected to enhance the project’s status as a high-grade, polymetallic tungsten resource, potentially accelerating its development as a significant domestic source of critical minerals.
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 owns Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project, situated in the Tamar Valley Mining District in Cornwall, UK. Strategic Minerals also holds interests in the Cobre magnetite project in New Mexico and the Leigh Creek Copper Mine in South Australia.
Average Trading Volume: 6,837,078
Technical Sentiment Signal: Buy
Current Market Cap: £6.93M
For an in-depth examination of SML stock, go to TipRanks’ Overview page.