Cornwall Resources Ltd’s parent company said it had received the A$100,000 for an exclusive call option to acquire the Leigh Creek copper mine in South Australia. REDMOOR If the sale proceeds and completes, Strategic Minerals plc is expected to use net proceeds for its Cornish subsidiary’s Redmoor tin-tungsten project in the east of the county. […]
Tag: Strategic Minerals plc
Cornwall Resources to drill for revised MRE
Cornwall Resources Ltd has signed a contract for two rigs to diamond drill a total 5,300 metres during the second half of the year at its Redmoor tin-tungsten-copper project near Kelly Bray, north of Callington. ADVANCEMENTS The contract with Priority Drilling UK Ltd follows match grant funding from the Government, through the UK Shared Prosperity […]
Redmoor in line for possible cash injection
Cornwall Resources Ltd could be in line for an injection of several million pounds for the Redmoor project after its parent company agreed a tentative deal to sell its Australian assets. LISTING Strategic Minerals plc signed a non-binding heads of agreement with Axis Mining & Minerals Pty Ltd to sell its Australia subsidiary which owns […]
Redmoor exploration bolstered by £1m fundraise
Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]
Cornwall Resources to progress Redmoor with £1.5m
Cornwall Resources Ltd has agreed more than £764,000 funding with the Government for the first exploration drilling since 2018 at its Redmoor tungsten, tin and copper project. MRE The company’s parent Strategic Mineral Resources plc said it would match the funds up to a total project spend of £1,529,701. Operations over 12 months will include […]
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]