Cornish Metals chief development officer Fawzi Hanano presented at the One2One Investor Forum about progress at the South Crofty tin mine in Cornwall, outlining project de-risking, the market case for tin, and the pathway to first production.
Hanano said Cornish Metals holds a historical, high-grade asset with a reported ~1.5% tin resource and near-mine upside, adding that the mine benefits from permits and existing shaft infrastructure. He noted strong local and government support and framed tin as a critical mineral with “very robust market fundamentals.”
As of the end of June, the company had “just under £40 million” cash, providing runway into late March next year while key early works advance. Priorities include completing mine dewatering and New Cooks Kitchen shaft refurbishment, progressing detailed engineering, and ordering long-lead items such as the production and service winders. Hanano said these winders are being procured in the UK and targeted as turnkey deliveries around the middle of next year.
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