Strategic Minerals plc has granted share options over a total of 88,675,000 new ordinary 0.1p shares to its directors, advisers and certain existing employees of its subsidiary Cornwall Resources Ltd. DIRECTORS The grant is for the “significant contributions to recent progress for the benefit of shareholders”, and is a long-term incentive to retain key personnel. The five-year […]
Tag: Cornwall Resources Ltd
Strategic posts further strong results at Redmoor
Strategic Minerals plc posted “strong” tungsten, tin and copper mineralisation within a “new tin-dominant zone” for the first time from the 2025 drilling programme at the Redmoor deposit in Kelly Bray, East Cornwall. SILVER The company’s subsidiary Cornwall Resources Ltd received the assays from its diamond core drill campaign of nine boreholes for 5,300 metres. […]
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Strategic issues 20m new shares
Strategic Minerals plc, parent of Cornwall Resources Ltd, issued 20 million new ordinary shares of £0.001 each, following a warrants exercise at £0.005 per share, for a total £100,000. TVRs Following admission, the company will have 2,369,297,949 ordinary shares in issue, with a equal number of voting rights. Strategic’ assets include the Redmoor tungsten-tin-copper exploration […]
Redmoor shows new zones of high grade tin-tungsten
Cornwall Resources Ltd reported new zones of high-grade tin and tungsten from its drilling campaign at Redmoor in Cornwall. GLOBAL Assays from drill hole CRD033 include 2.00 metres at 1.06% tin from 231.90m. The results allow the company to restate sampled intersections, adding a tungsten trioxide equivalent. Results now include 2.00m at 4.04% tungsten trioxide equivalent […]
Cornwall Resources intersects high grades at Redmoor
Cornwall Resources Ltd reported “multiple, stacked zones of high-grade intersections” from the first assays at the Redmoor tungsten-tin-copper project. CONTINUITY Results from the first borehole, CRD033, confirmed “multiple zones of high-grade tungsten mineralisation throughout the 90-metre thick Redmoor sheeted vein system (SVS) deposit”. Returns included 3.05 m at 1.43% tungsten trioxide and 0.54% copper from 439.70m, […]