GCIStrategic Minerals showcases Redmoor, as core logging continues and new target generation is planned
Cornwall Resources, a 100%-owned subsidiary of Strategic Minerals (), has now completed more than 50% of the ongoing relogging of historic core from its Redmoor project.
Redmoor is already known to contain considerable amounts of tin, tungsten and copper.
The latest results from the core logging are expected early in 2025, following shipment of new samples for analysis. The relogging process is expected to lead to an updated geological model and ultimately a revised new mineral resource.
A soil sampling program is also underway within the highly prospective Duchy of Cornwall-Tamar Valley licence, designed to generate further exploration targets.
The company is also planning an application for Redmoor to be recognised as a strategic project for the EU, in its capacity to supply tungsten and copper.
"The publication of the new UK 2024 Criticality Assessment, and the continued inclusion of tungsten and tin on the critical minerals list has highlighted the value proposition presented at Redmoor,” said Mark Burnett, executive director of Strategic Metals.
"Following a recent site visit, I am pleased to report that relogging and other exploration activities continue, with planning well underway for the 2025 exploration programme. SML will look to increase activity at CRL and pursue a number of strategic project applications now open to Redmoor."
View from Vox
Redmoor remains an attractive part of the Strategic Minerals portfolio. The great merit of the company is that production from Cobre in North America can support exploration activities at Redmoor and move the project on without causing shareholders serious discomfort. In tough markets like the one we’re in now, that’s a real plus. And Redmoor looks to be shaping up well. An attaché from the US embassy visited recently, and talks with the UK government have also taken place. How big it will end up being remains to be seen – we’ll know more when the updated resource model eventually comes out. But at this point it’s fairly clear that Redmoor is shaping up to be a significant project, and one that may play a key role in supplying critical minerals to the UK and Europe in the future
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.