Cornish Metal’s 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. The Company will start a drill programme designed to outline the resource potential at United Downs late March, early April.
In addition to United Downs, the company benefits from ownership of the South Crofty tin project, one of the highest grade undeveloped tin resources globally. South Crofty has a long history of mining, with production commencing in 1592, and continuing up until 1998. The project has an active mine permit (Underground Permission) valid until 2071, Planning Permission to build a new process plant, and an Environmental Permit to dewater the mine.
Success at United Downs would be complemented by the option to build a new process plant at South Crofty which could serve as a central processing facility for projects within reasonable transport distance.
In addition, as the global economy recovers from the impact of COVID-19, Cornish Metals believes demand for ethically sourced tin will continue to increase, especially as countries look to transition to carbon neutral economies where domestic supply chains become more important. The Company will continue to assess funding options to advance South Crofty in light of this trend.