Strategic Minerals PLC (AIM:SML, OTC:SMCDF) is to amend and resubmit its grant application to the Cornwall and Isles of Scilly Council (CIoS) shared prosperity fund after an initial submission for its Redmoor project was turned down.
John Peters, Strategic Minerals’ managing director, said: "The CRL (Cornwall Resources Limited) team made a significant, credible submission for a comprehensive grant which has given it valuable experience for its pending modified grant application.
"To this end, engagement continues with both Cornwall Council and other local stakeholders.
"Recent encouraging discussions with various parties leave us confident of progress at Redmoor in the second half of the year including potential expansion of its mineral rights catchment area.
Cornwall Resources is also looking to expand its footprint in the area, said Peters, especially now that the UK is expected to be deemed a “domestic” source for US supplies of tungsten and tin.
At Leigh Creek, in Australia, two further parties have exchanged confidentiality agreements to access the project’s data room.
"Feedback from the 'Copper to the World' presentation has sparked renewed interest in the Leigh Creek Copper Mine project which the company is actively following up on,” added Peters.