Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]
Tag: Redmoor – Cornwall
Cornwall Resources to progress Redmoor with £1.5m
Cornwall Resources Ltd has agreed more than £764,000 funding with the Government for the first exploration drilling since 2018 at its Redmoor tungsten, tin and copper project. MRE The company’s parent Strategic Mineral Resources plc said it would match the funds up to a total project spend of £1,529,701. Operations over 12 months will include […]
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]
CRL notes further mineralisation at Redmoor
Cornwall Resources Ltd has identified additional tungsten and copper mineralisation from its relogging programme of diamond drill core at its Redmoor project. DERISK The findings follow August 2024 assays of “potentially economic” tungsten-tin-copper mineralisation within the deposit and outside of the mineral resource estimate. The company said that the new mineralisation could contribute to a […]
CRL misses grant funding for Redmoor
Cornwall Resources Ltd missed a grant after match funding failed for the conditional offer from the Cornwall and Isle of Scilly Council for its Redmoor tungsten-tin project. APPLICATIONS The company said it had received a “strong letter of support” from a “party developing similar deposits” but external factors resulted in no funds forthcoming. Short notice and […]
CRL identifies new mineralisation at Redmoor
Cornwall Resources Ltd has identified four new zones of “potentially economic” tungsten-tin-copper mineralisation within the Redmoor deposit and outside of the mineral resource estimate. TARGETS The company also delineated newly identified mineralised structures as well as signing a new mineral rights agreement. Assay results are from the first samples of 194 new drillcore across three […]