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Strategic Minerals plc (AIM: SML; USOTC: SMCDF), a world mineral exploration and manufacturing firm, is delighted to announce that its wholly owned subsidiary, Cornwall Assets Restricted (“CRL”), has obtained standout drillhole assay outcomes from CRD034b, together with very high-grades and a number of thick intersections. CRD034b was the second drill gap of the continuing drilling marketing campaign on the Redmoor Tungsten-Tin-Copper Venture (“Redmoor”) in southeast Cornwall.
Downhole Composite Highlights:
Very Excessive-Grade
- A really high-grade tungsten intersection: 1.10 m @ 7.19% WO3, 0.02% & 1.11% Cu (7.51% WO3.Eq*1) from 579.93 m in CRD034b – amongst the highest 10 highest-grade pattern outcomes recorded at Redmoor from all earlier CRL drilling campaigns.
- Additional very-high-grade pattern intervals, inside broader high-grade intersections:
- 1.05 m @ 4.93% WO3, 0.03% Cu & 0.01% Sn from 458.52 m (4.94% WO3.Eq)
- 1.00 m @ 2.73% WO3, 0.11% Cu & 0.03% Sn from 466.00 m (2.78% WO3.Eq)
- 0.70 m @ 2.65% WO3, 2.07% Cu & 0.14% Sn from 485.73 m (3.32% WO3.Eq)
- 0.50 m @ 1.96% WO3, 0.09% Cu & 0.01% Sn from 534.00 m (1.99% WO3.Eq)
- 0.75 m @ 1.21% WO3, 4.73% Cu & 0.05% Sn from 583.30 m (2.53% WO3.Eq)
Important Widths
- A number of, very extensive, high-grade intersections of tungsten mineralisation (compared to world tungsten initiatives) confirmed throughout the Redmoor Sheeted Vein System (“SVS”), together with:
- 15.46 m @ 0.72% WO3, 0.04% Sn & 0.66% Cu (0.93% WO3.Eq) from 456.04 m.
- Importantly, a deep intersect, which widens the beforehand modelled thickness of the Redmoor SVS on this zone of the deposit, returning 10.00 m @ 0.92% WO3, 0.02% Sn & 0.78% Cu (1.15% WO3.Eq) from 578.00 m, together with the above 1.10m @ 7.19% WO3, and 0.75 m @ 2.53% WO3.Eq pattern intervals.
- Outcomes complement the high-grade “distinctive” intersections from CRD033, including additional high-grade zones of mineralisation with grades exceeding these earlier outcomes. Excessive-grade intersections are listed intimately under.
Copper and Tin
- Sturdy copper ends in a number of zones, most notably 3.46 m @ 1.25% WO3 plus 1.93% Cu and 0.08% Sn (1.84% WO3.Eq) from 463.54 m, and lode-style copper intervals, together with tin, as much as 1.00 m @ 2.14% Cu and 1.00% Sn from 515.00 m, including vital potential worth to the polymetallic system.
Silver
- Silver values of as much as 84.8 g/t have been reported inside copper-rich zones over a 0.75 m interval. Additional work is underway to evaluate the potential for silver restoration; nevertheless, CRL makes no assumptions relating to its recoverability at this stage.
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Determine 1: Highlighted high-grade intersection of containing 10.00 m @ 0.92% WO3, 0.02% Sn & 0.78% Cu (1.15% WO3.Eq) from 578.00 m from a zone of a number of stacked mineralised veins and wall rock throughout the Redmoor SVS deposit. This high-grade intersection (yellow arrows) contains 10 particular person pattern sections (small double arrows) detailed in Appendix 1 under. Together with1.10 m @ 7.19% WO3, 0.02% & 1.11% Cu (7.51% WO3.Eq*1) from 579.93 m These samples have been visibly logged by CRL geologists containing wolframite, chalcopyrite and cassiterite. |
Dennis Rowland, CRL Managing Director, stated:
“These outcomes spotlight downhole intersections of spectacular size and grade, as much as 15.00 m at almost 1% WO3, and vital single pattern zones reaching 7.19% WO3 – amongst the highest 10 pattern intervals by grade recorded at Redmoor up to now by the Firm.
“The brand new outcomes reported outdoors the present Redmoor useful resource mannequin point out sturdy potential for materials useful resource development. Ongoing evaluation of samples from further drillholes is anticipated to additional refine and improve the understanding of Redmoor’s useful resource potential.
“The continuation of very high-grade mineralisation in CRD034b reinforces Redmoor’s standing as Europe’s highest-grade undeveloped tungsten useful resource, and among the many highest-grade globally.”
Mark Burnett, SML Government Director, stated:
“The Board is happy with the spectacular outcomes reported from this drillhole, which spotlight the distinctive nature of the Redmoor deposit. Total, CRD034b has proved very beneficial within the short-range continuity take a look at in addition to find glorious grade intersections. Redmoor sits in a commanding place to be a safe provide of minerals deemed crucial to the UK and its friends.”
Cllr Tim Dwelly, Cornwall Council’s Cupboard Member for Financial Regeneration and Funding, stated:
“We have invested virtually £765,000 by means of our Good Progress Programme to help the newest drilling operation at Redmoor, and it is encouraging to see these newest outcomes. Cornwall’s crucial minerals sector has huge potential to create high-quality jobs, appeal to additional personal funding and strengthen safety of provide for the minerals our financial system more and more depends on. That is why we’re backing accountable crucial minerals initiatives that we imagine can ship long-term financial worth for Cornwall, whereas serving to to satisfy nationwide demand and ship towards the federal government’s Industrial Technique.”
Spotlight of CRD034b Intersections:
Laboratory assay outcomes for drillhole CRD034b, the second gap of the 2025 drilling programme, verify extensive zones of excessive grade mineralisation and a number of sub-zones of very high-grade tungsten mineralisation, together with copper, tin and silver, all through the Redmoor Sheeted Vein System (“SVS”) deposit intercepted by the drillhole, and in addition further mineralised zones outdoors of the SVS (see Desk 2 for pattern intersection particulars), with highlights together with:
- 3.45 m @ 0.48% WO3, 0.01% Sn & 0.41% Cu (0.60% WO3. Eq) from 291.55 m, together with:
- 2.00 m @ 0.62% WO3, 0.01% Sn & 0.56% Cu from 293.00 m
- 15.46 m @ 0.72% WO3, 0.04% Sn, 0.66% Cu (0.93% WO3.Eq) from 456.04 m, together with:
- 3.53 m @ 1.67% WO3, 0.02% Sn & 0.27% Cu from 456.04 m, containing:
- 1.05 m @ 4.93% WO3, 0.01% Sn & 0.04% Cu from 458.52 m
- 3.46 m @ 1.25% WO3, 0.08% Sn, 1.93% Cu and 13.92 g/t Ag from 463.54 m, containing:
- 1.00 m @ 2.73% WO3, 0.03% Sn & 0.11% Cu from 466.00 m.
- 0.96 m @ 0.50% WO3, 0.03% Sn & 0.31% Cu from 470.54 m
- 4.00 m @ 0.51% WO3, 0.03% Sn & 0.42% Cu (0.65% WO3. Eq) from 484.00 m, together with:
- 0.70 m @ 2.65% WO3, 0.14% Sn & 2.07% Cu from 485.73 m
- 2.85 m @ 0.15% WO3, 0.36% Sn, 0.90% Cu (0.69% WO3. Eq) and 13.50 g/t Ag from 515.00 m, together with:
- 1.00 m @ 2.03% Cu, 1.01% Sn and 32.60 g/t Ag from 515.00m
- 1.55 m @ 0.64% WO3, 0.01% Sn & 0.08% Cu (0.67% WO3. Eq) from 534.00 m, together with:
- 0.50 m @ 1.96% WO3, 0.01% Sn & 0.09% Cu from 534.00 m
- 10.00 m @ 0.92% WO3, 0.02% Sn & 0.78% Cu (1.15% WO3. Eq) from 578.00 m, together with:
- 1.10 m @ 7.19% WO3, 0.02% Sn, 1.11% Cu & 25.00 g/t Ag from 579.93 m
- 0.75 m @ 1.21% WO3, 0.05% Sn, 4.73% Cu & 84.80 g/t Ag from 583.30 m
- 0.50 m @ 0.27% WO3, 0.01% Sn, 0.64% Cu & 21.60 g/t Ag from 587.50 m
Element of analytical outcomes kind CRD034b
CRD034b was drilled south to intersect the Redmoor SVS mineralisation. Particulars of the collar and survey setup are offered in Desk 1.
Desk 1: Drillhole collar information for CRD034b, drilled from the identical pad as beforehand reported CRD033
|
Pad Quantity |
Collar |
Orientation at Collar |
Whole Depth (m) |
|||
|
Easting (m) |
Northing (m) |
Elevation (m) |
Azimuth (⁰) |
Dip (⁰) |
||
|
1 |
235802.1 |
71341.02 |
185 |
135 |
58 |
608.20 |
Laboratory assay outcomes for drillhole CRD034b have returned additional distinctive outcomes from the present drilling programme, containing very-high-grade outcomes, with tungsten (WO3) grades reaching 7.19%, copper (Cu) grades reaching 4.73% and tin (Sn) grades reaching 1.01%, from a zone of the deposit recognized to be decrease in tin concentrations, coupled with silver (Ag) grades of as much as 84.8 g/t correlated with copper mineralisation. The silver mineralisation encountered is extremely encouraging and is at present present process additional metallurgical testwork to substantiate its financial significance with reference to the Redmoor challenge, previous to modelling as a part of the forthcoming Mineral Useful resource estimate (“MRE”) replace, with additional updates and commentary anticipated quickly.
These outcomes proceed to exhibit the sturdy continuity of construction and grade throughout the SVS orebody, with mineralised continuity confirmed eastwards and correlated to high-grade zones beforehand drilled in CRD033. The ultimate 35.00 m of CRD034b was profitable in drilling a beforehand untested portion of a projected high-grade zone, this part returned the extensive, high-grade interval of 10.00 m @ 0.92% WO3, 0.02% Sn & 0.78% Cu (1.15% WO3.Eq) from 578.00 m, together with 1.10 m @ 7.19% WO3, 0.02% & 1.11% Cu (7.51% WO3.Eq*1) from 579.93 m, together with sturdy grades of silver (Ag) as much as 84.8 g/t (Determine 1, above).
Determine 2, embody a drillhole hint of CRD034b, the outlet was deliberate as an infill gap to check quick spaced continuity of construction and grade between different close by spaced drillholes. The information from CRD034b and different holes can be used within the evaluation for future drill spacings. It additionally serves to reveal that the SVS inside this portion of the deposit is wider than beforehand modelled, containing additional high-grade zones of mineralisation.

Determine 2: Plan view of the deposit with the route of CRD034b (in Crimson), with earlier CRL and South West Minerals drillholes (in Black). CRD034b is an infill gap aimed toward testing quick spaced continuity of construction and grade.
Determine 3, features a cross-section of the borehole, highlighting reported intersections and the beforehand modelled high-grade zones that kind the premise of the 2019 Redmoor MRE.

Determine 3: Cross-section of CRD034b, together with pattern intersection grades, and grade bars representing WO3 outcomes. Zones in pink signify the beforehand modelled high-grade zones that kind the premise of Redmoor mineral useful resource. The modelled high-grade zones in the direction of the underside of the outlet, falls wanting the drill holes trajectory, and following the intersection of an extra vital width excessive grade intersection in CRD034b highlights the potential for useful resource development ought to the zone be prolonged.
Desk 2 under, incorporates the main points of the composite pattern intersections together with pattern depths, thickness, metallic content material, and tungsten equal calculations, in addition to the mineralisation model recorded by CRL geologists. The tungsten equal (WO3. Eq.) highlights the value-add from tin and copper to the tungsten grades of the pattern intervals. Appendix 1 contains full particulars of every pattern included in these composite intersections.
Desk 2: Highlights of downhole composite pattern intersections returned from not too long ago obtained outcomes from drillhole CRD034b, displaying interval lengths and subsequent assay outcomes for WO3, Sn & Cu. A tungsten equal outcomes has additionally been calculated. Composited values use a downhole size weighted common of grades.
|
Pattern Begin |
From (m) |
To (m) |
Interval (m) |
WO3 % |
Cu % |
Sn % |
WO3. Eq. % |
Feedback |
|
CRL005376-79 |
92.00 |
100.00 |
8.00 |
0.01 |
0.01 |
0.20 |
0.18 |
Lode-Model Cu Mineralisation |
|
incl. CRL005367 |
92.00 |
94.00 |
2.00 |
0.00 |
0.01 |
0.45 |
0.38 |
Lode-Model Cu Mineralisation |
|
CRL005413-14 |
291.55 |
295.00 |
3.45 |
0.48 |
0.41 |
0.01 |
0.60 |
S.V.S Mineralisation |
|
incl. CRL005414 |
293.00 |
295.00 |
2.00 |
0.62 |
0.56 |
0.01 |
0.78 |
S.V.S Mineralisation |
|
CRL005425 |
309.70 |
311.00 |
1.30 |
0.21 |
0.41 |
0.01 |
0.33 |
S.V.S Mineralisation |
|
CRL005486-5501 |
456.04 |
471.50 |
15.46 |
0.72 |
0.66 |
0.04 |
0.93 |
S.V.S Mineralisation |
|
incl. CRL005486-88 |
456.04 |
459.57 |
3.53 |
1.67 |
0.27 |
0.02 |
1.76 |
S.V.S Mineralisation |
|
cont. CRL005488 |
458.52 |
459.57 |
1.05 |
4.93 |
0.03 |
0.01 |
4.94 |
S.V.S Mineralisation |
|
incl. CRL005493-96 |
463.54 |
467.00 |
3.46 |
1.25 |
1.93 |
0.08 |
1.84 |
S.V.S Mineralisation |
|
cont. CRL005496 |
466.00 |
467.00 |
1.00 |
2.73 |
0.11 |
0.03 |
2.78 |
S.V.S Mineralisation |
|
incl. CRL005501 |
470.54 |
471.50 |
0.96 |
0.50 |
0.31 |
0.03 |
0.60 |
S.V.S Mineralisation |
|
CRL005513-15 |
484.00 |
488.00 |
4.00 |
0.51 |
0.42 |
0.03 |
0.65 |
S.V.S Mineralisation |
|
incl. CRL005514 |
485.73 |
486.43 |
0.70 |
2.65 |
2.07 |
0.14 |
3.32 |
S.V.S Mineralisation |
|
CRL005527-28 |
501.54 |
504.35 |
2.81 |
0.06 |
0.17 |
0.14 |
0.22 |
S.V.S Mineralisation |
|
incl. CRL005528 |
503.47 |
504.35 |
0.88 |
0.14 |
0.52 |
0.42 |
0.63 |
S.V.S Mineralisation |
|
CRL005537-38 |
515.00 |
517.85 |
2.85 |
0.15 |
0.90 |
0.36 |
0.69 |
Lode-Model Cu Mineralisation |
|
incl. CRL005538 |
515.00 |
516.00 |
1.00 |
0.00 |
2.14 |
1.00 |
1.40 |
Lode-Model Cu Mineralisation |
|
CRL005545 |
523.85 |
525.00 |
1.15 |
0.38 |
0.00 |
0.01 |
0.39 |
S.V.S Mineralisation |
|
CRL005555-56 |
534.00 |
535.55 |
1.55 |
0.64 |
0.08 |
0.01 |
0.67 |
S.V.S Mineralisation |
|
incl. CRL005556 |
534.00 |
534.50 |
0.50 |
1.96 |
0.09 |
0.01 |
1.99 |
S.V.S Mineralisation |
|
CRL005562-64 |
540.00 |
543.90 |
3.90 |
0.21 |
0.02 |
0.01 |
0.22 |
S.V.S Mineralisation |
|
incl. CRL005564 |
543.25 |
543.90 |
0.65 |
0.70 |
0.04 |
0.00 |
0.71 |
S.V.S Mineralisation |
|
CRL005595-5605 |
578.00 |
588.00 |
10.00 |
0.92 |
0.78 |
0.02 |
1.15 |
S.V.S Mineralisation |
|
incl. CRL005596 |
579.93 |
581.03 |
1.10 |
7.19 |
1.11 |
0.02 |
7.51 |
S.V.S Mineralisation |
|
incl. CRL005599 |
583.30 |
584.05 |
0.75 |
1.21 |
4.73 |
0.05 |
2.53 |
S.V.S Mineralisation |
|
incl. CRL005605 |
587.50 |
588.00 |
0.50 |
0.27 |
0.64 |
0.01 |
0.45 |
S.V.S Mineralisation |
|
CRL005613-14 |
596.00 |
597.92 |
1.92 |
0.22 |
0.13 |
0.02 |
0.27 |
S.V.S Mineralisation |
|
incl. CRL005613 |
596.00 |
596.60 |
0.60 |
0.65 |
0.23 |
0.03 |
0.73 |
S.V.S Mineralisation |
Notice*1 Tungsten Equal (WO3.Eq) Calculation: WO₃ (EQ)% = WO₃%+(Sn% x 0.82) + (Cu% x 0.27)
Commodity worth assumptions: WO₃ US$ 43,000/t, Sn US$ 32,525/t, Cu US$ 9,429/t. Utilizing the 12-month common to September 2025. Restoration assumptions: whole WO₃ restoration 72%, whole Sn restoration 68% and whole Cu restoration 85%. Payability assumptions of 81%, 90% and 90% respectively.
Competent Individual Assertion:
The data on this announcement that pertains to Sampling Methods and Knowledge and Exploration Outcomes has been reviewed and authorized by Mr Laurie Hassall, MSci (Geology), FIMMM, QMR, FGS, who’s a full-time worker of Snowden Optiro. Mr Hassall holds a Grasp of Science diploma in Geology from the College of Southampton and is a Fellow of the Institute of Supplies, Minerals and Mining (FIMMM), by means of which he’s additionally accredited as Certified for Minerals Reporting (QMR). He’s additionally a Fellow of the Geological Society of London (FGS).
Snowden Optiro has been engaged by Cornwall Assets Restricted to offer unbiased technical recommendation. Mr Hassall, a full-time worker of Snowden Optiro, is appearing because the Competent Individual and is unbiased of Cornwall Assets Restricted. He has ample expertise that’s related to the model of mineralisation and sort of deposit into consideration, and to the exercise being undertaken, to qualify as a Competent Individual as outlined within the 2012 Version of the Australasian Code for Reporting of Exploration Outcomes, Mineral Assets and Ore Reserves (JORC Code), and underneath the AIM Guidelines.
Mr Hassall consents to the inclusion on this announcement of the issues based mostly on his data, within the kind and context by which it seems. He confirms that, to one of the best of his information, there is no such thing as a new data or information that materially impacts the knowledge contained in earlier market bulletins, and that the shape and context by which the knowledge is introduced has not been materially modified.
Notes to Editors
About Strategic Minerals plc and Cornwall Assets Restricted
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals firm, actively growing strategic initiatives within the UK, United States and Australia.
In 2019, the Firm accomplished the 100% acquisition of Cornwall Assets Restricted and the Redmoor Tungsten-Tin-Copper Venture.
The Redmoor Venture is located throughout the traditionally vital Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Useful resource Estimate revealed 14 February 2019:
|
Minimize-off (SnEq%) |
Tonnage (Mt) |
WO3 % |
Sn % |
Cu % |
Sn Eq1 % |
WO3 Eq % |
|
>0.45 <0.65 |
1.50 |
0.18 |
0.21 |
0.30 |
0.58 |
0.41 |
|
>0.65 |
10.20 |
0.62 |
0.16 |
0.53 |
1.26 |
0.88 |
|
Whole Inferred Useful resource |
11.70 |
0.56 |
0.16 |
0.50 |
1.17 |
0.82 |
1 Equal metallic calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity worth assumptions: WO₃ US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Restoration assumptions: whole WO3 restoration 72%, whole Sn restoration 68% & whole Cu restoration 85% and payability assumptions of 81%, 90% and 90% respectively
Extra data on Cornwall Assets will be discovered at: https://www.cornwallresources.com
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite challenge in New Mexico, USA, by means of its wholly owned subsidiary Southern Minerals Group. Cobre has been in manufacturing since 2012 and continues to offer a sustainable income stream for the Firm.
In March 2018, the Firm accomplished the acquisition of the Leigh Creek Copper Mine located within the copper wealthy belt of South Australia. The Firm has entered into an unique Name Possibility with South Pacific Mineral Investments Pty Ltd buying and selling as Cuprum Metals to accumulate 100% of the challenge.
In regards to the CIOS Good Progress Fund and UK Shared Prosperity Fund
This challenge is part-funded by the UK Authorities by means of the UK Shared Prosperity Fund. Cornwall Council is accountable for managing initiatives funded by the UK Shared Prosperity Fund by means of the Cornwall and the Isles of Scilly Good Progress Programme.
Cornwall and Isles of Scilly has been allotted £184 million for native funding by means of the Shared Prosperity Fund. This new method to funding is designed to empower native leaders and communities, to allow them to make an actual distinction on the bottom the place it is wanted probably the most.
The UK Shared Prosperity Fund proactively helps supply of the UK-government’s 5 nationwide missions: pushing energy out to communities all over the place, with a particular focus to assist kickstart financial development and selling alternatives in all components of the UK.
For extra data, go to
https://www.gov.uk/authorities/publications/uk-shared-prosperity-fund-prospectus
For extra data, go to https://ciosgoodgrowth.com
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