Cornish Metals on track to deliver South Crofty PEA this quarter

Cornish Metals said on Tuesday that it is on track to deliver a preliminary economic assessment for its flagship South Crofty tin project this quarter, while also noting that the timing of the PEA coincides with a rally in tin prices, which reached over $30,000 per tonne this past week.

Cornish plans to reopen this historic mine by building new processing facilities and all the necessary site infrastructure. It has already obtained permission for underground mining until 2071 and an environmental permit to dewater the mine.it is speeding up the mine restart process by speeding up efforts to refurbish the New Cook’s Kitchen shaft at South Crofty, which it said is progressing as planned.

Armstrong also mentioned the convenient timing of the PEA work during a period of strengthening tin price and an emerging recognition of tin as a critical metal by the UK and other national governments.

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