We are talking Global10 Nov 2025 07:24
Mark Burnett, Strategic Minerals' Executive Director, said:
"Strategic Minerals believe Redmoor is Europe's highest-grade undeveloped tungsten deposit⁴. Contributions to the results from copper and tin mineralisation highlight the polymetallic nature of the deposit and its high-grade zones. The generation of a tungsten equivalent indicates the significant potential additional value contribution from these co-products and on a tungsten equivalent basis highlight Redmoor as one of the very highest-grade tungsten deposits globally.
"It is worth noting that prices for these three metals have increased significantly since the scoping study was undertaken at Redmoor in 2020. Using the 12-month average metal prices is expected to provide confidence in long-term market trends for these metals, whilst using conservative assumptions compared to current market prices which continue to see significant growth."