Member Info for Valii

Dennis Rowland and Mark Burnett will be speaking this coming Wednesday at 9.25 am at the UK mining conference before Tungsten West later in the morning.

Jeffrey Court is speaking at the UK Mining conference this coming Wednesday @ 12.35pm about the re-starting of operations at Hemerdon

I would echo your sentiments pawgee. You only have to look at what the CTL team have achieved on a shoestring budget to be very impressed.

Last year they won the Discovery of the year award - you don't do that with a team of numpties. That discovery success has continued in the last 12 months. Take a look at the website ................................

Tungsteninvestor

Does your "this year" refer to year ending March 2028 ?

Good morning carliol and battyk

Hope this helps:-

Cornish Metals plc (TIN) is focussed on bringing South Crofty , Pool Cornwall back into production- predominantly for tin.

https://cornishmetals.com

Cornish Lithium plc not yet listed, is focussed on lithium from hard rock at Trelavour St Austell & also lithium from brines from various sites around Cornwall

https://cornishlithium.com/

Cornish Tin and Lithium ltd not yet listed, Changed its name from Cornish Tin recently, and is focussed on Vor/Tregonning near Breage in Cornwall, recently discovering tin and lithium

https://www.ctl.co.uk/

Cornwall Resources - The subsidiary of Strategic minerals plc (listed as SML) which is developing its Tungsten/tin/copper/silver project at Kelly Bray Cornwall

https://www.cornwallresources.com

https://www.strategicminerals.net

Not a decision list ! "Minded to", "provisionally" "alongside a consultation"

It takes these quangos forever to actually decide. Whilst in the real world, investor money is draining away to keep shows on the road waiting for the Quango

I shall be voting against the last resolution, as I believe the BoD should always approach shareholders first with any offering of new shares. When the situation is as good as this, the need to spread the funding effort as wide as possible and at a discount is reduced. Discounted paper should be offered to those who have taken the risks at the earlier stages before those who wait until the end when risks have been considerably diminished.

As for the RNS, I liked the following in particular:-

- ".....the Company substantially funded through to completion of Pre-Feasibility Study ("PFS"....." i.e. no need for cash at the moment

- ".....the drillhole further extended due to the continued presence of mineralised structures below the SVS....." i.e bigger i/ better

-"......additional drill rigs are on standby for immediate mobilisation upon completion of the planning process" i.e. sense of urgency

-"....Europe's highest-grade, undeveloped, tungsten resource....." i.e. reminder of what we have got!

The last TUN RNS stated

"Fines will be generated using a third-party mobile crushing and wash plant solution, with feedstock sourced from the previous operators' ore stockpiles. The fines gravity circuit will initially be run at up to 100 tonnes ("t") per hour (fines gravity installed capacity is approximately 200t per hour). "

If the fines are a similar grade to the TUN reserves i.e. 0.15%, in a ten hour day that might produce 1 tonne allowing for 33% processing loss, perhaps with some tin.

Anyone know the size of the ore stockpile at Hemerdon?

The relevance to SML, is that the sooner TUN gets into positive cash flow or gets funding the sooner it can eye up additional resources in nearby Redmoor.

The last RNS stated

"Fines will be generated using a third-party mobile crushing and wash plant solution, with feedstock sourced from the previous operators' ore stockpiles. The fines gravity circuit will initially be run at up to 100 tonnes ("t") per hour (fines gravity installed capacity is approximately 200t per hour). "

If the fines are a similar grade to the reserves i.e. 0.15%, in a ten hour day that might produce 1 tonne allowing for 33% processing loss, perhaps with some tin.

Anyone know the size of the ore stockpile?

HawaiifiveO on the SML board stated " And fwiw, Coffey recently provided funding for the first phase restart of fines gravity processing at Hemerdon."

I am wondering if the cash flow from this initial processing in Q3 onwards, before full start up, will reduce or eliminate the need for further funding. which has been under negotiation for some time. Just 300 tonnes of APT would produce revenues of $94.5m at current prices . With very high margins most would be FCF.

HawaiifiveO " And fwiw, Coffey recently provided funding for the first phase restart of fines gravity processing at Hemerdon."

Good spot.

I am wondering if the cash flow from this initial processing in Q3 onwards, before full start up, will reduce or eliminate the need for further funding. which has been under negotiation for some time. Just 300 tonnes of APT would produce revenues of $94.5m at current prices . With very high margins most would be FCF.

Remember that demand will also increase due to several countries wishing to build tungsten stockpiles as well as replenishing arms

7 month 3 days to go for tungsten sourcing change

Https://rareearthexchanges.com/news/the-pentagons-rare-earth-ultimatum-ban-on-chinese-materials-by-2027/

The company ran a processing trial in the latter half of last year as reported by the RNS of 7 November 2025. Here is the key inof:-

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Successful Processing Trial

Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon, UK, is pleased to report positive progress from the ongoing processing trial at Hemerdon.

The trial is being undertaken as part of a programme focused on testing and optimising the performance of key sections of the mineral processing facility. The programme forms part of the Company's approach to de-risking operations and gathering technical data essential for the planned restart of full-scale production.

As part of the trial programme, the Company has generated its first trial tungsten concentrate.

Jeff Court, CEO of Tungsten West, commented:

"The progress we are making in this processing trial is an important milestone in restarting operations at Hemerdon and provides confidence to our neighbours, the Environment Agency, our investors and off-takers that we are moving towards production. We have ensured that all activities throughout this trial have been conducted to high environmental and operational standards.

"As the need for a diversified source of tungsten intensifies, Hemerdon becomes an even more important strategic asset."

The UK Mining Conference in Cornwall, will take place at the Princess Pavilion, 43 Melville Road, Falmouth, on Wednesday & Thursday, 10–11 June 2026

The UK Mining Conference in Cornwall, will take place at the Princess Pavilion, 43 Melville Road, Falmouth, on Wednesday & Thursday, 10–11 June 2026

The UK Mining Conference in Cornwall, will take place at the Princess Pavilion, 43 Melville Road, Falmouth, on Wednesday & Thursday, 10–11 June 2026

By the time HMG has got up to speed and understands the situation and need for speed, it will be time for the next election.

Tungsten 2026.

If you follow the link and go to time 16.32 and 24 seconds you will hear HMG's view of what should happen.

Https://parliamentlive.tv/event/index/8beb755f-23b5-4ac4-8216-7562dba05323

HMG's aim for TUN revealed