Strategic Minerals plc (AIM: SML) has provided a positive operational update on its Redmoor Tungsten-Tin-Copper Project in Cornwall, highlighting continued progress in its expanded drilling campaign.
The company confirmed the completion of drillhole CRD042, which successfully intersected the full thickness of the Redmoor Sheeted Vein System and identified mineralised structures containing tungsten, tin and copper.
Following two recent fundraisings totalling £8.7 million, Strategic Minerals has significantly increased the scale of its infill and expansion drilling programme. The campaign has now been expanded to 22,500 metres across at least 44 drillholes.
Management said the enlarged programme is designed to convert inferred resources into higher-confidence categories, while also targeting additional resource growth and gathering technical data required for future feasibility studies.
The company has also submitted a planning permission application to Cornwall Council to allow the mobilisation of two additional drill rigs, which are currently on standby pending approval.
Strategic Minerals believes the accelerated drilling activity could materially enhance the understanding and development potential of Redmoor, which is regarded as a strategically important UK critical minerals project given growing demand for tungsten, tin and copper across industrial, defence and energy transition sectors.
Dennis Rowland, Managing Director of Cornish Resources Limited, said drillhole CRD042 had successfully intersected the full thickness of the Redmoor Sheeted Vein System (SVS), with mineralisation visually matching the characteristics previously identified across the deposit.
He added that mineralisation was also encountered both above and below the main SVS intersection, prompting the extension of the drillhole due to the continued presence of mineralised vein structures.
Rowland noted that results from the 2025 drilling campaign had shown strong correlation between mineralisation visually logged by CRL geologists and subsequent laboratory assay results, increasing confidence in the company’s geological interpretation of the drill core.
He also confirmed that CRL’s planning application for additional drill pads has now been submitted, which, subject to approval, would allow further drill rigs to be mobilised in the near term. Public consultation relating to the expansion plans is ongoing and will continue throughout the delivery of the programme.
Meanwhile, Strategic Minerals plc Executive Director Mark Burnett described the completion of drillhole CRD042 and the successful intersection of extensive visually mineralised zones within the SVS as an encouraging development for the Redmoor project.
Burnett said the newly expanded infill and expansion drilling programme, alongside data gathering for feasibility study workstreams, is progressing well and is expected to accelerate further once permitting approvals are secured.
He confirmed that two additional drill rigs from Priority Drilling are already booked and awaiting mobilisation to Redmoor. Once operational, the project will, for the first time, utilise three drill rigs simultaneously.
Burnett added that the Redmoor operational team is continuing to grow, with additional geologists and technical personnel joining the project to support rapid, high-quality programme delivery as the company advances what it describes as Europe’s highest-grade undeveloped tungsten resource.
