IN LONDON: Cornish Metals (AIM:TIN) is progressing the development of the South Crofty Tin Project in Cornwall following the completion of a front-end engineering design of the process plant.
Detailed engineering is currently being progressed, with Ausenco leading the engagement.
CEO Don Turvey says underground activities are also progressing, with dewatering underway through the fully commissioned 195-level pump station for the first time in over 28 years.
“Development at the 25-level continues to advance and is also being used as a training facility for newly recruited employees,” Turvey says.
“As we continue to grow the team, developing a skilled workforce remains a key priority to ensure South Crofty is well positioned as it transitions through development and into production.”
More activities
At Roskear, surface activities are progressing in parallel with underground works. Earthworks, foundations, the primary steel structure, and building cladding installations for the winder house have also been completed.
Further, the company is making progress in appointing an independent non-executive director following Ken Armstrong’s retirement from the board. Cornish Metals is in the final stages of the recruitment process.
South Crofty is a historical tin mine located in the UK. The 14-year mine life project is considered to have among the ‘highest-grade’ known tin resources globally. It is permitted to begin underground mining, with an expected annual production of 4,700 tonnes of tin-in-concentrate over an initial five years.
In May 2026, Cornish Metals received a £52 million ($97.05 million) credit facility with the National Wealth Fund and Vision Blue Resources to support the development of South Crofty.
The funds will be used to credit the escrow account established in connection with the bonds, as well as underground mine development and shaft refurbishment, surface facilities and infrastructure, and general working capital.
Cornish Metals is a mineral explorer and developer focused on tin and other critical minerals in the UK.
Write to Aaliyah Rogan at Mining.com.au
Images: Cornish Metals
