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Cornish Metals Inc - UK and Canada-focused mineral exploration company - Says operations at South Crofty tin project in Cornwall continue ‘at a good pace’, and dewatering is expected to start later this summer. Says two submersible pumps will be installed at New Cooks Kitchen shaft for stage one of the two-stage mine dewatering programme, and the first pump installation is already underway. Says the installation of the second pump will take place before the end of June. Adds a substantial amount of a feasibility study is complete, with results confirming historical operating data and that ground conditions and excavation stability are expected to be ‘very good.’ Expects to release a mineral resource estimate at the end of the third quarter of 2023.
Current stock price: 11.65 pence, up 3.6% on Wednesday
12-month change: down 45%
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