Strategic Minerals (LSE:SML) has reported encouraging new assay results from its Redmoor project in Cornwall, confirming high-grade tin mineralization and updated tungsten equivalent calculations that significantly increase the project’s total contained metal. Results from drillhole CRD033 highlight the polymetallic nature of the deposit, with valuable contributions from tin and copper alongside tungsten, further strengthening the project’s economic potential.
The company plans to release an updated mineral resource estimate in Q1 2026, which is expected to reaffirm Redmoor’s standing as one of the world’s highest-grade tungsten projects. Additional assay results are due shortly, offering further insight into the resource’s scope and development potential.
From a financial perspective, Strategic Minerals continues to benefit from a solid recovery and positive technical momentum, although valuation concerns and historical volatility remain notable risks. The lack of recent corporate disclosures or earnings updates limits further clarity on near-term plans.
More about Strategic Minerals
Strategic Minerals Plc is an international mineral exploration and production company with a focus on tungsten, tin, and copper. Its flagship Redmoor Tungsten-Tin-Copper Project, located in Cornwall, UK, is regarded as one of Europe’s highest-grade undeveloped tungsten deposits. The company’s strategy centers on advancing Redmoor toward production while building a portfolio of critical mineral assets to meet growing global demand.
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