RE: New highs for Tungsten28 Oct 2025 12:20
Last update i read from 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 high-
grade 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.
Strategic are doing a lot of heavy lifting from the £1.5m (half funded by the government through
the Shared Prosperity Fund) they have put towards exploration in this campaign; there are few
projects that can deliver this much work, including the quantum of drilling, metallurgy, MRE and
study updates, etc for the relatively small amount of money being spent in our view