STRATEGIC MINERALS PLC - MRE & New Economic Assessment

Strategic Minerals PLC delivered a transformative investor update highlighting significant progress across its flagship Redmoor Project in Cornwall, reinforcing its position as a high-grade, strategically important critical minerals asset. The company reported a substantial upgrade to its JORC-compliant mineral resource estimate, increasing tonnage by 49% to 17.4Mt, alongside a robust economic assessment delivering a post-tax NPV of $1.54 billion and a 40% IRR, underlining strong project economics and long-term value potential. Operational momentum has been supported by successful fundraising totalling £8.7 million, ongoing cash flow from existing operations, and a strengthened balance sheet to accelerate development. Strategic Minerals’ growth strategy is focused on advancing Redmoor through pre-feasibility studies, supported by favourable macro trends including rising tungsten demand, constrained global supply, and increasing geopolitical focus on secure Western supply chains. The company also highlighted improved metallurgical recoveries, expanded resource upside, and a potential 29-year mine life, enhancing project visibility and scalability. With a clear pathway to production, disciplined capital allocation, and exposure to high-growth critical minerals markets, Strategic Minerals is well positioned to drive future revenue growth, margin expansion, and shareholder value creation.