Cornish Metals: Well positioned to capitalise on rising tin prices

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  • Cornish Metals lifts resource estimates at iconic South Crofty tin mine
  • Cornish Metals working towards re-opening the iconic South Crofty tin mine
  • Cornish Metals’ updates on flagship drilling program at United Downs and eyes G7 summit in Cornwall
Cornish Metals: Well positioned to capitalise on rising tin prices

Quick facts: Cornish Metals Inc

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Cornish Metals is a mineral exploration and development company focused on its United Downs copper-tin project and the South Crofty tin project in Cornwall, United Kingdom.

The company aims to capitalize on the increasing demand for ethically sourced tin and copper; metals fundamental to growth in the technology sector and transition to a low carbon economy.

The near-term strategy is to focus on exploration and delineation of the near-surface high-grade copper and tin mineralization at the United Downs project. Success at United Downs would be complemented by the option to build a new process plant at the fully permitted South Crofty project which could serve as a central processing facility for projects within reasonable transport distance.

09 Jun 2021

. (LON:CUSN, ) announced an increase in resource estimates at the iconic South Crofty tin mine in Cornwall.

An updated mineral resource estimate (MRE) showed a 10% increase in indicated resources in both the lower mine and upper mine areas and an almost 130% gain in inferred resources at the lower mine. The JORC-compliant MRE was divided into the lower mine and upper mine areas for reporting purposes.

“We are very pleased with the outcome of this new mineral resource estimate, which shows a material increase in both tonnage and contained tin in the ground at South Crofty,” said Richard Williams, chief executive of Cornish Metals.

“Following on from our successful surface drilling campaign in 2020, where we intersected high-grade tin mineralisation below the historical workings, this new mineral resource estimate confirms our belief in the resource expansion potential at South Crofty.”

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17 May 2021

()() lost C$1.6mln during the year to 31 January 2021, as exploration and evaluation work continued on its portfolio of assets in Cornwall.

During the financial year the company raised C$2.4mln and used it for a proof of concept’ drill program at the famous South Crofty tin project and for general working capital purposes.

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27 Feb 2021

Rising metal prices in 2020 and early-2021 have led to the resumption of exploration and development activities all over the globe, including many projects located closer to home than you might expect. Within the UK right now there is an incredible, sixteen companies, actively seeking to explore for metals and/or develop mines.

These projects are in a range of metals that can broadly be separated into four main groups: speciality and base metals projects focused in the Southwest of England (Figure 1) and North Wales (Figure 2); battery metals projects, which are also focused on Cornwall; precious metals projects focused in Northern Ireland and Scotland (Figure 2) and agri-minerals, located in North Yorkshire.

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26 May 2021

Mining in Cornwall is a matter of history, isn’t it? A thing of the past?

Not if you talk to Richard , CEO of ()(). Williams is from a Welsh mining family that goes back generations, and has worked all over the world in the industry.

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20 Apr 2021

‘s () (TSX:CUSN) Richard Williams talks to Proactive London on their activities since listing on AIM.

Williams updates investors on the drilling program at the United Downs copper-tin project with commodity prices currently in the firm’s favour.

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