StockMarketWire.com - Resources group Strategic Minerals said it had identified further significant high-grade tin in four pit samples taken to the west of the main Redmoor deposit in Cornwall.

The company said it had recorded a significant, at or near surface, tin result in the pit called CRT04, peaking at 0.68% tin.

All four pit samples taken showed confirmed in-situ mineralisation.

Strategic Minerals also said it had updated internally estimated project economics, which now showed a large uplift in its net present value to $163 million with a 33.1% internal rate of return.


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