Strategic Minerals Soars 66% on High-Grade Tungsten Drill Results from Redmoor

Strategic Minerals PLC has announced promising assay results from borehole CRD033 at its Redmoor tungsten-tin-copper project in Cornwall, confirming multiple zones of high-grade tungsten mineralisation within the 90-metre-thick Redmoor Sheeted Vein System.

Key intercepts include:

• 3.05 m @ 1.43% WO₃ and 0.54% Cu from 439.70 m

• 6.70 m @ 1.17% WO₃ and 0.24% Cu from 447.00 m

• 9.35 m @ 0.51% WO₃ and 0.48% Cu from 468.65 m, including 1.00 m @ 1.42% Cu, 0.06% WO₃ and 38.2 g/t Ag from 469.65 m

• 3.40 m @ 1.24% WO₃ and 0.12% Cu from 493.00 m, including 1.00 m @ 4.18% WO₃ and 0.19% Cu from 495.40 m

The company said these results further reinforce Redmoor’s position as one of the highest-grade undeveloped tungsten deposits globally, supporting its potential as a significant future source of critical minerals.

Dennis Rowland, CRL Managing Director, said:

“These initial results demonstrate high tungsten grades and support Redmoor’s position as one of the highest-grade deposits globally, when compared to other CRIRSCO (Committee for Mineral Reserves International Reporting Standards) resources.

“It is worth highlighting that these results are from only one borehole and yet demonstrate multiple, stacked zones of high-grade intersections within the Redmoor SVS deposit that correlate well with existing modelled high-grade zones and reinforce the strong grade continuity within the deposit. Results from CRD033 further identify new zones of potentially economic mineralisation within the Redmoor Deposit, which could contribute to the forthcoming mineral resource estimate update.

“We are now reviewing the geological log and analytical data from borehole CRD033.  As a twin of a 1980s borehole drilled at Redmoor, this borehole has the potential to contribute towards the validation of the 1980s datasets and provide further project upside.  Results of this review will be announced shortly.”

Charles Manners, Strategic Minerals’ Executive Chairman, said:

“The 2025 drilling programme is progressing very well and already providing impressive results, with these high-grade intersections further demonstrating Redmoor’s globally significant status.

“It is in the Board’s opinion that Redmoor’s value has gone unrecognised, and our intention is to further progress the project and highlight its merits within a global context.  With tungsten prices rising significantly this year, and a global push to secure access to critical and strategic minerals, Redmoor is well placed as a world leading asset.

“With two rigs now mobilised and progressing through the drilling programme, we eagerly await further results, as well as outputs from other ongoing workstreams as part of the match grant funded project. Redmoor is undertaking its most active period in recent history, with significant further news flow expected over coming weeks and months.”