RE: RNS25 Feb 2026 08:06
Dennis Rowland, CRL Managing Director, said:
"Drillhole CRD041 intersected the Redmoor SVS, in the western extent of the current Mineral Resource, within an area of the deposit where the mineral zonation has a higher proportion of tin dominant high-grade zones. The drillhole results contain multiple intersections of tungsten- and tin-dominant mineralised zones from within the SVS, with these zones also classified as high-grade on a tungsten equivalent basis. Additional intersections within the non-SVS section of the drillhole indicate the potential for further zones of mineralisation outside of the current MRE which may, subject to further delineation, estimation and assessment of Reasonable Prospects for Eventual Economic Extraction ("RPEEE"), support future resource definition."
Mark Burnett, Strategic Minerals Executive Director, said:
"The 2025 drill programme at Redmoor has shown the high-grade nature of the SVS deposit, as well as its zonation. With the structural shifts in global metal prices, especially for tungsten and tin, Redmoor's multicommodity composition has the potential to provide significant economic benefits. The Company is on schedule to complete its Shared Prosperity Fund match grant funded activities by the end of Q1 2026, including the new Mineral Resource Estimate and economics updates, which we expect will further highlight the potential of Redmoor as one of the highest grade, undeveloped, tungsten resources in Europe."
GLA