3rd Jul 2026 11:56
(Alliance News) - Strategic Minerals PLC on Friday said it has received planning permission to expand the ongoing infill drilling programme at its Redmoor Tungsten-Tin-Copper Project in Cornwall, England.
The London-based mineral producer said Cornwall Council's mineral planning officer has approved the planning permission, which includes up to three years of continuous operations, the mobilisation of two more drill rigs, and the option to add another rig later this year.
Strategic Minerals currently expects the expanded operations to be completed in the second quarter of 2027.
It noted that the current total planned programme covers 22,500 metres across a minimum of 44 drillholes, and that drillhole CRD044 was completed on June 25. CRD044 intersected the full thickness of the Redmoor sheeted vein system, and the Kit Hill granite at depth, including the intersection of a mineralised granite roof zone with chalcopyrite and cassiterite mineralised vein structures in aplitic sheets. Moreover, a daughter hole, CRD044_D1, "is underway and advancing" as part of a series to collect metallurgical samples for the pre-feasibility and feasibility study stages.
Strategic Minerals said it has 248 samples from drillhole CRD042 awaiting finalisation, and 291 samples from CRD043 undergoing analysis. It has submitted a further 59 samples from CRD001, and said geologists are re-logging CRD016 and have selected additional intervals for sampling and analysis.
"We are delighted to have received the necessary planning approvals to commence the largest continuous diamond drilling campaign ever undertaken in Cornwall, and which we believe is the largest, single drilling programme delivered in Great Britain this century," commented We now have the flexibility to build upon the encouraging results received to date and further accelerate development at Redmoor...The outcome reflects the scale of the opportunity at Redmoor and our commitment to optimising our drilling programme and advancing the project through feasibility as expeditiously as possible.
"We look forward to updating shareholders as we accelerate Redmoor's development timeline and progress towards unlocking Redmoor's potential as Europe's highest grade, undeveloped tungsten resource."
Strategic Minerals shares were 3.5% higher at 4.39 pence each on Friday around noon in London.
By Emma Curzon, Alliance News reporter
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