RE: Re: Predictions8 Mar 2026 15:54
Strategic Minerals PLC (SML) announced on January 22, 2026, that the 16,000-metre infill drilling programme for the Redmoor project's Prefeasibility Study (PFS) was anticipated to commence in the first quarter (Q1) of 2026.
AJ Bell
AJ Bell
+1
Key details regarding the infill drilling programme include:
Purpose: The drilling is designed to significantly advance the Redmoor project by converting the existing inferred resource into an indicated resource, which is a major requirement for the planned PFS.
Accelerated Schedule: Following a £4 million fundraise announced on January 22, 2026, the company aimed to move "almost immediately" into this follow-on drilling programme.
Rig Availability: The company reserved one of the diamond core drill rigs used to complete the 2025 campaign to maintain continuity, with plans to add additional rigs, according to the January 2026 update.
Timing: The 16,000m programme is expected to complete the necessary drilling for the PFS, which itself is targeted for completion in early July 2026.
Not sure how accurate this is but as we all know it’s going to be one hell of a year.