Strategic Minerals Reports Promising Redmoor Drilling Results

Strategic Minerals ( (GB:SML) ) has shared an announcement.

Strategic Minerals plc announced exceptional drillhole assay results from its Redmoor Tungsten-Tin-Copper Project, highlighting high-grade tungsten intersections and significant widths of mineralisation. The results confirm good structural and grade continuity within the Redmoor Sheeted Vein System, which will lead to cost efficiencies in future drilling and potentially enhance the project’s feasibility. The findings also indicate promising copper and tin zones, with elevated silver values, suggesting a robust resource model that could improve the project’s economic viability and attract stakeholder interest.

The most recent analyst rating on (GB:SML) stock is a Hold with a £1.50 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.

Strategic Minerals’ overall score is driven by strong corporate developments and a solid financial recovery in 2024. However, technical indicators suggest moderate momentum, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data limits insights into management’s outlook.

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, primarily focused on the exploration and development of mineral resources. The company operates through its wholly owned subsidiary, Cornwall Resources Limited, and is engaged in projects such as the Redmoor Tungsten-Tin-Copper Project in southeast Cornwall.

Average Trading Volume: 44,445,573

Technical Sentiment Signal: Buy

Current Market Cap: £31.99M

Learn more about SML stock on TipRanks’ Stock Analysis page.