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An update from Strategic Minerals ( (GB:SML) ) is now available.
Strategic Minerals has confirmed the discovery of a substantial new tin-dominant mineralised structure, dubbed the North Tin Zone, at its Redmoor project in Cornwall. Updated geological modelling, integrating new drilling, historical relogging and validated 1980s Southwest Minerals data, indicates a laterally continuous zone separate from the existing Sheeted Vein System deposit, with notable cassiterite-bearing intersections and strong continuity.
The company plans to include the North Tin Zone in its forthcoming Mineral Resource Estimate update and Reasonable Prospects for Eventual Economic Extraction analysis, raising the prospect of a separate, non-SVS tin resource that could significantly expand Redmoor’s overall inventory. Management says the find underscores Redmoor’s potential for long-term resource growth and enhances its position as a polymetallic project exposed to high-demand critical minerals, as further relogging and sampling seek to define additional non-SVS structures.
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 focused on the Redmoor tungsten–tin–copper project in southeast Cornwall. Through its wholly owned subsidiary Cornwall Resources Limited, the group targets polymetallic deposits containing tungsten, tin, copper and silver, commodities currently benefitting from tight supply, rising demand and critical-mineral security concerns.
Average Trading Volume: 27,271,135
Technical Sentiment Signal: Buy
Current Market Cap: £91.27M
For a thorough assessment of SML stock, go to TipRanks’ Stock Analysis page.