Cornwall Resources Limited
Critical Minerals Resources of Tungsten - Tin - Copper in South East Cornwall
Cornwall Resources Limited (“CRL”) is a wholly owned subsidiary of Strategic Minerals Limited (“SML”) (AIM: SML; USOTC: SMCDY) focussed on advancing the high-grade, underground Redmoor Tungsten-Tin-Copper Project.
SML bought into CRL in 2016, and in 2019 completed the purchase of the project. CRL’s most recent, JORC-compliant, Inferred Mineral Resource Estimate (“MRE”) for Redmoor utilised a comprehensive archive of historical data and combined this with information from the completion of two exploration campaigns, in 2017 and 2018, which encompassed 32 boreholes for 14,000m of diamond core drilling. Based on this high-grade resource, an updated Scoping Study, published in 2020 shows that Redmoor has potentially economic viability as a new, underground mine.
JORC Compliant (2012) Inferred Mineral Resource Estimate published
14 February 2019, of 11.7Mt at 1.17% Tin equivalent, made up of Tungsten Trioxide (0.56%), Tin (0.17%) and Copper (0.50%).
An independent economic assessment, as part of a Scoping Study (2020), has shown that the Redmoor Project is potentially economically attractive.
Through mineral rights agreements with Redmoor Minerals Limited and The Duchy of Cornwall, CRL has exclusive access to a mineral rights exploration operating area in the highly prospective Tamar Valley Mining District. CRL is undertaking regional and targeted exploration activities to develop critical minerals targets, that subject to further exploration could from satellite resources to a mine at Redmoor.
As of 7th April 2025, CRL has secured a £1.5m jointly funded project for "Exploration Drilling and Associated Activities to Enable Accelerated Development of the Redmoor Critical Minerals Project". This project is part funded by the UK Government through the Shared Prosperity Fund. Strategic Minerals Plc, CRL's parent company, is providing equal match funding to the project.
