Cornish Metals Inc (AIM: CUSN, TSX-V: CUSN, OTC: SBWFF) said dewatering and shaft refurbishment at the South Crofty tin project remain on schedule.
Work has reached the mid-shaft pump station at a depth of about 360 metres in the New Cook’s Kitchen shaft, where the chamber has been stabilised and installation of new permanent pumps is underway.
Refurbishment and dewatering will continue in parallel to around 380 metres, with mid-shaft pump station work expected to be completed in Q4 2025.
Afterwards, submersible pumps will be lowered to about 730 metres, with completion of refurbishment and dewatering to that depth targeted for mid-2026.
ABOUT CORNISH METALS
Cornish Metals is a dual-listed mineral exploration and development company (AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards production. South Crofty:
· is a historical, high-grade, underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations;
· is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure;
· would be the only primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;
· benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate over 300 direct jobs.
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