RE: Tungsten now at all time highs of $645/t22 Oct 2025 08:55
Zeus:
After last weeks RNS (13.10.2025) detailing the exceptional tungsten and copper assays from the first drill hole of its current exploration campaign, Strategic today provides an update on its drilling programme. A further three holes have been completed; all intersecting the full thickness of the Sheeted Vein System (SVS); and all showing zones of high-grade, coarsely crystalline mineralisation; and significantly zones which are “consistent with the high-grade Redmoor deposit”. There was a strong market reaction (shares +122%) to the confirmation of the geology and highgrade tungsten assays showing that Redmoor might both grow in size (and maybe even grade) and also maintain its position as the highest-grade tungsten deposit in Europe and one of the highest-grade tungsten deposits globally. As part of its update to project design and economics Strategic has engaged consultants to conduct metallurgical test work and design the flowsheet, test the amenability of ore to ore-sorting all of which, along with the drilling results, will feed into an MRE and scoping study update. We expect all of this to be completed by the end of Q1 2026