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Strategic Minerals ( (GB:SML) ) just unveiled an update.
Strategic Minerals reported ultra-high-grade assay results from drillhole CRD039 at its Redmoor project, including a standout intercept of 0.60 metres grading 18.96% tungsten trioxide, 2.76% tin and 3.19% copper, equivalent to 22.09% tungsten trioxide equivalent, the highest tungsten-equivalent interval ever recorded at the site. The hole also delivered the project’s highest-grade tin interval and multiple thick zones of high-grade polymetallic mineralisation with associated silver, further confirming continuity of the Sheeted Vein System and the newly defined North Tin Zone as the company feeds these results into an updated Mineral Resource Estimate.
CRD039 is the final hole from a nine-hole, 5,000-metre 2025 drill programme, and its results support converting parts of Redmoor’s existing exploration target into formal resources, subject to economic assessment. Management highlighted that rising prices for tungsten, tin and copper, alongside shifting global supply chains, underscore Redmoor’s strategic value, with metallurgical testwork results pending and completion of mineral resource and economic updates targeted by the end of the first quarter of 2026 as the project moves toward its next development phase.
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 GB:SML Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an international mineral exploration and production company listed on AIM and US OTC markets. Through its wholly owned subsidiary Cornwall Resources Limited, the company is advancing the Redmoor tungsten-tin-copper project in southeast Cornwall, positioning itself in high-grade, undeveloped European tungsten and polymetallic resources.
Average Trading Volume: 25,195,942
Technical Sentiment Signal: Buy
Current Market Cap: £82.15M
See more data about SML stock on TipRanks’ Stock Analysis page.