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(Sharecast News) - Strategic Minerals reported the successful completion of its 2025 drilling campaign at the Redmoor tungsten-tin-copper project in Cornwall on Monday, highlighting results that it said reinforced Redmoor's status as the highest-grade undeveloped tungsten resource in Europe.
The AIM-traded programme, undertaken by its wholly owned subsidiary Cornwall Resources, totalled just over 5,000 metres of diamond drilling and generated what the company described as outstanding intercepts, including from holes CRD033 and CRD034b, previously announced in November.
It said drill hole CRD041 intersected the full width of the project's sheeted vein system, confirming the continuity of mineralisation to the westernmost area drilled to date.
The hole also uncovered additional mineralised zones outside the main system, including visible cassiterite, which could support further resource expansion subject to analysis.
Samples from several holes were currently being processed, with analytical results expected to be returned progressively ahead of an updated mineral resource estimate in the first quarter of 2026.
Metallurgical and mineralogical testwork is running ahead of schedule.
Stage two flotation testing for the Redmoor processing flowsheet was underway, and samples were being prepared for ore-sorting studies and petrographic analysis.
The results would feed into the forthcoming resource update.
Strategic Minerals also noted the recent publication of the UK Critical Minerals Strategy, which emphasises domestic tungsten supply and Cornwall's strategic importance.
Rowan Thorne, exploration manager at Cornwall Resources, said the drilling campaign had achieved all its objectives.
"We are happy to report that the 2025 exploration drilling programme at Redmoor has been completed ahead of schedule, within budget, and with exceptional results reported to-date from two drillholes," he said.
"Drillhole CRD041 intersected the entire thickness of the Redmoor sheeted vein system, with mineralisation consistent with the deposit recorded by CRL's geologists.
"Further analysis is underway, with results from drillhole CRD035 due very soon."
Strategic Minerals' executive chairman, Charles Manners, added that the programme positioned Redmoor favourably as the UK looked to secure its supply chain for critical minerals.
"The board is impressed by the hard work and professionalism demonstrated by CRL's team in delivering the drilling programme, and the exceptional results to-date," he said.
"Following the release of the UK Critical Minerals Strategy, and our engagement throughout its formation, we are positioning ourselves to highlight the strategic importance of the Redmoor Project, and its ability to meaningfully contribute to the stated aims of the strategy."
At 1419 GMT, shares in Strategic Minerals were down 9.6% at 1.13p.
Reporting by Josh White for Sharecast.com.