Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Strategic Minerals ( (GB:SML) ).
Strategic Minerals has reported strong assay results from drillhole CRD036 at its Redmoor project in Cornwall, confirming multiple high-grade tungsten, tin and copper intersections, along with elevated silver associated with copper-rich zones. The hole, drilled from Pad 2 within the Sheeted Vein System, successfully twins 1980s drillholes and demonstrates continuity of mineralised structures, reinforcing confidence in historical data for use in the updated mineral resource estimate and potentially reducing future prefeasibility drilling needs. Management said the results underscore Redmoor’s status as the highest-grade undeveloped tungsten resource in Europe and support ongoing work to update the deposit model and mineral resource in early 2026, ahead of a planned prefeasibility study and infill drilling programme aimed at upgrading the resource classification and accelerating project development in a tightening global critical minerals market.
The most recent analyst rating on (GB:SML) stock is a Buy with a £2.50 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.
The score is driven primarily by improved financial performance and positive trend/momentum signals, tempered by valuation risk from a high P/E and the company’s historical volatility and balance sheet fluctuations.
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 listed on AIM and the US OTC market, focused on developing its Redmoor tungsten-tin-copper project in southeast Cornwall. Through its wholly owned subsidiary Cornwall Resources Limited, the company is targeting high-grade tungsten and tin resources, positioning Redmoor as one of Europe’s highest-grade undeveloped tungsten deposits amid rising interest in critical minerals and supply chain security.
Average Trading Volume: 27,637,381
Technical Sentiment Signal: Buy
Current Market Cap: £45.02M
See more insights into SML stock on TipRanks’ Stock Analysis page.