Strategic Minerals PLC (LSE:SML) has made notable strides in its Redmoor Critical Minerals Project, completing its first drillhole, CRD033, which revealed encouraging mineralized intersections. The ongoing drilling program, partly funded by a UK government grant, is designed to support an updated mineral resource estimate expected by early 2026.
In parallel, the company has promoted key personnel within its Cornwall Resources Limited division to improve operational efficiency. Separately, Strategic Minerals has agreed to transfer the call option for the Leigh Creek Copper Mine to Cuprum Metals, potentially resulting in a significant financial arrangement based on the mine’s future production.
Outlook
Strategic Minerals exhibits signs of financial recovery and potential undervaluation, bolstered by recent corporate initiatives. Nevertheless, historical price volatility and neutral technical indicators point to a balanced risk-reward profile for investors.
About Strategic Minerals PLC
Strategic Minerals PLC is an AIM-listed company engaged in mineral exploration and production across the UK, United States, and Australia. Its portfolio includes the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK, which was fully acquired in 2019, alongside other strategic mineral assets.
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