Strategic Minerals plc intends to appoint Luke Rogers as independent non-executive director, subject to completion of due diligence. Mr Rogers has more than 15 years’ experience as a mining executive and engineer, with a focus on “critical and strategic minerals”. He has worked in mine development and operations, as well as project evaluation and investment […]
Tag: Strategic Minerals plc
Strategic expands infill drilling at Redmoor
Strategic Minerals plc has expanded its current infill drilling programme, from 16,000 metres to 22,500m, following strong results at its Redmoor tungsten-tin-copper project in southeast Cornwall. RIGS The company’s subsidiary Cornwall Resources Ltd has to date completed the first of seven holes and started the second on 7 May. Strategic said that initial hole CRD042 […]
Redmoor inferred MRE increases by 49%
Cornwall Resources Ltd recorded a 49% increase in the JORC inferred mineral resource estimate, from 2019, for its Redmoor tungsten-tin-copper-silver project in the southeast of the county. ROBUST The results include 0.49% tungsten trioxide as “Europe’s highest-grade, undeveloped, tungsten project compared to other CRIRSCO*-compliant projects” and “amongst the highest grade globally”. Parent company Strategic Minerals plc reported […]
Redmoor study improves tungsten-silver recovery
Cornwall Resources Ltd’s recent metallurgical study showed a “significant improvement” in tungsten overall recovery and “confirmed silver recoverability” from the Redmoor project. QUALITY Parent company Strategic Minerals plc said that recoveries for tin and copper remained “broadly unchanged” at 67.2% and 82.4%, respectively. An increase in tungsten trioxide recovery, from 72.0% to 85.8%, represented “a 19.2% relative […]
Strategic raises £4.7m
Strategic Minerals plc has raised gross £4.7 million, through direct subscriptions for 134,285,712 new ordinary shares of 0.1 pence each, at 3.5p per new ordinary share. TVRs The company, which owns Cornwall Resources Ltd, said that the subscription was led by a “prominent international investor” who had made the approach. The issue price is a […]
Redmoor to undergo new resource infill drilling
Cornwall Resources Ltd has signed a drilling contract for new resource infill drilling, with results supporting the prefeasibility study for the Redmoor tungsten-tin-copper project. FUNDS Priority Drilling UK Ltd, based in Co. Galway, has started preparing the site and will initially use one rig and drill pads from 2025 operations. Cornwall Resources aims to submit […]