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The latest announcement is out from Strategic Minerals ( (GB:SML) ).
Strategic Minerals plc has reported significant progress in its Redmoor Project, with recent assays confirming additional tungsten, copper, and tin mineralization. The relogging and sampling of 2018 diamond drill core, alongside the ongoing exploration activities, aim to de-risk future drilling programs and support the remodelling of the Redmoor deposit, potentially leading to an updated Mineral Resource Estimate. This enhanced approach not only suggests potential value addition to the existing Mineral Resource but also mitigates risks associated with future exploration.
More about Strategic Minerals
Strategic Minerals plc is a producing mineral company that operates through its wholly-owned subsidiary, Cornwall Resources Limited (CRL). The company focuses on the exploration and development of mineral projects, with the Redmoor Project in the Duchy of Cornwall being a key asset. They are involved in the extraction and exploration of tungsten, copper, and tin within the mineral industry.
YTD Price Performance: -10.0%
Average Trading Volume: 2,872,789
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.54M
For an in-depth examination of SML stock, go to TipRanks’ Stock Analysis page.
