Strongbow Exploration announced that the Cornwall Council has voted overwhelmingly in support of a £1 million investment into the South Crofty Tin Project, subject to Strongbow adding a listing on the London’s AIM Exchange to its existing Toronto listing. The project aims to restart production at the mine, which closed in 1998 and has historical output totalling 450kt of tin.
The company is currently moving forward with construction of the water treatment plant to dewater the flooded mine workings. It was also announced that a production decision and a feasibility study will be completed in parallel with the mine dewatering process, which is expected to start this year.
Latest estimates by Strongbow Exploration show existing resources at South Crofty are at the highest grades of known deposits and totals over 44kt contained tin. The company is seeking to develop South Crofty while the tin market conditions remain favourable, mostly due to projections of supply deficit in the coming years. The potential of South Crofty to substantially increase European tin supply gains strength with support from the UK government.