Cornish Metals presents at the UK Investor Magazine Investor Conference at the London Stock Exchange 13th March 2024.
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Cornish Metals is a dual-listed company (AIM / TSX-V: CUSN) focused on advancing the South Crofty high-grade, underground tin project towards a construction decision. South Crofty is a strategic tin asset in the UK and covers the former producing South Crofty tin mine in Cornwall which closed in 1998 following over 400 years of continuous production. South Crofty is fully permitted: underground permission till 2071, water discharge permission and planning permission to build a process plant in place.
In 2017 Cornish Metals completed a Preliminary Economic Assessment that demonstrated the economic viability of re-opening the mine. In 2023 an updated MRE increased tonnes by 39% and contained tin by 32% in the Indicated category for the Lower Mine. There is further resource growth potential at South Crofty and the Company is also exploring the near-by Wide Formation target that has the potential to further grow the Mineral Resource base and expand throughput. The water treatment plant was commissioned in October 2023 and dewatering of the South Crofty mine is currently well underway. Cornish Metals is targeting commencement of tin mining at South Crofty by end-2026.
