Strategic Minerals gained after kicking off its largest-ever drilling campaign at the Redmoor tungsten, tin and copper project in Cornwall — a push to move one of Europe’s highest-grade tungsten assets towards feasibility.
Strategic Minerals (AIM: SML) said its Cornwall Resources subsidiary had begun a 22,500-metre diamond drilling programme at the Redmoor tungsten-tin-copper project in Cornwall, its largest continuous campaign to date, with three rigs now turning across 53 planned holes.
Redmoor’s 2026 resource estimate stands at 17.4 million tonnes at 0.65% tungsten-trioxide (WO3) equivalent, including tin and copper credits — a grade that ranks it among Europe’s highest-grade undeveloped tungsten assets, and the company has said recent work lifted its inferred resources by 49%. Tungsten is classed as a critical mineral, used in cutting tools, electronics and defence, which lends strategic weight to a domestic source of the metal.
The campaign combines resource expansion, infill work and technical data-gathering aimed at advancing Redmoor toward a feasibility study, and is funded by an £8.7m raise completed earlier in 2026. For a junior miner, converting a high-grade resource into a feasibility-ready project is the step that unlocks the path to development, and investors will look for drill results through the campaign and for progress toward the feasibility study that would underpin any development decision.
The update was published via regulatory news (RNS); further detail via Investegate.
This article is for general information only and does not constitute investment advice or a recommendation to buy or sell any security. Photo: WORKSITE Ltd. on Unsplash.
Small Cap News covers London’s junior market – AIM, small-cap and growth companies – with concise, sourced reporting on the results, deals and regulatory news that move share prices. We track the stories private investors actually need, from contract wins and drilling updates to fundraises and half-year figures, straight from the market’s own announcements.