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Strategic Minerals PLC

Redmoor study confirms its 'attractive returns' - Strategic Minerals' Alan Broome

Strategic Minerals PLC (LON:SML) chairman Alan Broome talks Proactive London's Andrew Scott through a recent scoping study of the company’s tin-tungsten project in Cornwall.

A preliminary assessment of the underground possibilities for the Redmoor asset have found there's scope to mine 600,000 tonnes of ore a year for the next decade.

That is based on a 7.1mln-tonne resource with a 1.09% tin equivalent grade.

Quick facts: Strategic Minerals PLC

Price: £0.01

Market: AIM
Market Cap: £13.21 m
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Strategic Minerals now in full control of Cornish tin mine joint venture

Strategic Minerals PLC's (LON:SML) John Peters talks Proactive London through the restructuring of their purchase of the outstanding half of the Cornwall tungsten and tin mine joint venture at Redmoor. New Age Exploration will receive an upfront cash payment of A$300,000 for its 50% stake...

3 weeks, 3 days ago

2 min read

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