FTSE 100 ends at high point of the day but just short of 7,500
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
Company
Strategic Minerals PLC
LON:SML
Strategic Minerals is an AIM-quoted minerals explorer and producer. Its primary focus is accelerating the development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. Redmoor is Europe’s highest grade undeveloped tungsten deposit and the second highest globally. Strategic Minerals’ strategy is to develop Redmoor into a leading source of critical and strategic minerals to provide resilience to western supply chains. Strategic Minerals is also underpinned by a revenue generating asset, with long-term distribution rights to the Cobre magnetite stockpile in New Mexico, USA which has been in production since 2012.
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Strategic Minerals to speed up Cornwall tin project as drill results impress
All five holes (the last in a programme of 20) hit much higher grades of metal than seen previously
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Strategic Minerals completes first phase drilling at Hanns Camp
“These results are highly encouraging for the prospectivity of the mineralisation and provide a solid base for further exploration”
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Strategic Minerals continues to hit high-grade tin at Redmoor
A resource update from Redmoor is expected early next year, following a string of good drill hits
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