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The latest announcement is out from Strategic Minerals ( (GB:SML) ).
Strategic Minerals has announced exceptional drilling results from its Redmoor project, confirming multiple high-grade tungsten mineralization zones. These results reinforce Redmoor’s status as one of the highest-grade undeveloped tungsten deposits globally, with significant implications for the company’s market positioning and potential value increase due to rising tungsten prices. The findings also suggest additional economic mineralization zones, contributing to the forthcoming mineral resource estimate update.
The most recent analyst rating on (GB:SML) stock is a Buy with a £0.50 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 Outperform.
The overall stock score reflects strong financial recovery and attractive valuation, tempered by technical indicators suggesting potential short-term weakness. Historical volatility remains a concern.
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. Its primary focus is on the development of mineral resources, with a significant project being the Redmoor tungsten-tin-copper project located in Cornwall, UK.
Average Trading Volume: 9,729,333
Technical Sentiment Signal: Buy
Current Market Cap: £11.16M
See more insights into SML stock on TipRanks’ Stock Analysis page.