Strategic Minerals (LSE:SML) has reported outstanding drilling results from its Redmoor project in Cornwall, confirming the presence of multiple zones of high-grade tungsten mineralization. The findings strengthen Redmoor’s position as one of the world’s highest-grade undeveloped tungsten deposits and highlight its growing strategic value amid rising global tungsten prices.
The company also indicated that the drilling data points to additional mineralized zones, which will be incorporated into an upcoming mineral resource estimate update. This could further enhance the project’s economic potential and Strategic Minerals’ market positioning.
While the company’s financial outlook shows signs of solid recovery and an attractive valuation profile, technical indicators hint at possible short-term weakness. Elevated historical volatility also remains a factor for investors to consider.
About Strategic Minerals
Strategic Minerals plc is an international exploration and production company focused on developing mineral resources. Its flagship asset is the Redmoor tungsten-tin-copper project in Cornwall, UK — a high-grade deposit with significant strategic importance in the global critical minerals market.
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