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Strategic Minerals ( (GB:SML) ) just unveiled an announcement.
Strategic Minerals’ subsidiary Cornwall Resources has signed a new drilling contract with Priority Drilling UK to launch an infill drilling programme at the Redmoor tungsten-tin-copper project in southeast Cornwall. The fully funded campaign, initially using one rig, aims to upgrade inferred resources to indicated status and underpin a reserve calculation as part of a prefeasibility study, with further expansion subject to upcoming planning permissions.
The move follows successful 2025 drilling and leverages Cornwall Resources’ strong record in obtaining permits and delivering programmes on time and budget. With tungsten, tin and copper prices at sustained highs and European APT quotations at historic levels, advancing Redmoor strengthens Strategic Minerals’ positioning in strategic metals, enhancing the project’s potential value and its significance as a high-grade European tungsten resource.
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 AIM-quoted international mineral exploration and production company with projects in the UK, United States and Australia. Through its wholly owned subsidiary Cornwall Resources Limited, it owns the Redmoor tungsten-tin-copper project in Cornwall, regarded as Europe’s highest-grade undeveloped tungsten resource and supported by additional revenues from its Cobre magnetite operation in New Mexico and interests in the Leigh Creek Copper Mine in South Australia.
Average Trading Volume: 24,897,807
Technical Sentiment Signal: Buy
Current Market Cap: £104.7M
Learn more about SML stock on TipRanks’ Stock Analysis page.