RE: RNS12 Nov 2025 09:09
Here's a response from AI about today's update, if you'd like to read it:-
Strategic Minerals released an update today, November 12, 2025, concerning drilling and metallurgical studies at its Redmoor project, and the news appears to be positive for the company's long-term prospects.
The update highlighted the following key points:
Drilling Progress: Two more drill holes (CRD039 and CRD040) were completed at the Redmoor Tungsten-Tin-Copper Project in Cornwall, with both successfully intersecting the full thickness of the target Sheeted Vein System.
Metallurgical Studies: Stage 1 metallurgical testwork is progressing ahead of schedule and has shown encouraging results, including high mass recovery to flotation feed (approx. 43.9%) and strong stage metal recoveries for tungsten (94.3%), tin (95.6%), and copper (90.7%).
Positive Outlook: The company anticipates that updated metal prices and these positive metallurgical recovery assumptions could significantly enhance the project's overall economics.
While the share price reaction today has been a slight dip (down by about 0.7% as of the latest snapshot), likely due to short-term profit-taking or general market movements, the overall sentiment in recent weeks has been very positive following a series of strong drilling results at Redmoor.
The positive drilling results, combined with the encouraging metallurgical data, reinforce the project's potential as one of the highest-grade undeveloped tungsten deposits globally and support future growth for the company.
In summary, the update is fundamentally good news, indicating strong progress and potential for the Redmoor project.