On the back of the May 2022 investment of £40.5M, led by Vision Blue Resources, the Company’s focus is to advance South Crofty through dewatering of the mine, and completion of a Feasibility Study by the end of 2024.
It is increasingly clear that domestic supplies of the metals critical to the energy transition is becoming a dominant theme globally. Tin is essential to all things electronic, Cornwall is a “world class” tin belt, and South Crofty is the jewel in the crown of Cornish tin mining.
Possessing a project that is fully permitted provides the Company with a head start over other competing tin projects and, subject to financing, we see a clear timeline to potential production.
A processing facility at South Crofty also opens up the potential to serve as a central hub to other projects within reasonable transport distance, including projects like United Downs.
Downstream opportunities such as smelting and refining prospects will also be assessed as the South Crofty project advances through dewatering and Feasibility Study.
The demand for responsibly sourced / mined metals important to the energy transition and the need for security of supply will only grow in the near to mid-term.