Cornish Metals plc has secured a new 25-year mineral lease in the mineral rights area
within its historical South Crofty tin mine project in the village of Pool in Carn Brea, west Cornwall.
PRODUCTION
The company, which already owns 50% of the mineral rights area, agreed the Dudnance lease with 50% owners, the Preston family.
“Securing this lease supports the Company’s strategy of progressively consolidating mineral rights across South Crofty, reducing title-related risk and strengthening long-term development and operational certainty for the project,” said Cornish Metals.
Dudnance adds to the previously secured agreements with the Pendarves and Vyvyan estates.
Cornish Metals is progressing South Crofty towards production, with an expected 4,700 tonnes of tin-in-concentrate annually in the first five years.
The mine, which has an initial life of 14 years, will be “a low environmental impact underground mine with zero surface tailings”.