Cornish Metals Provides an Activities Update for the South Crofty Tin Project

Core Viewpoint - Cornish Metals Inc. is advancing its South Crofty tin project in Cornwall, UK, with significant progress following recent financing, aiming to restart tin production by the first half of 2028 [3][4]. Group 1: Project Development Updates - Activities at South Crofty have increased significantly post-financing in Q1 2025, with both surface and underground works in progress [3]. - The refurbishment of the Mine Dry building and demolition of old structures began in early July 2025, supported by the UK Shared Prosperity Fund [4]. - Orders have been placed with Qualter Hall for critical winders at the New Cook's Kitchen shaft, marking a key milestone in project development [4]. - Excavation for the processing plant is set to start in August 2025, with detailed engineering activities already underway [4]. - The addition of two Epiroc Boomer T1D drill rigs will facilitate underground development [4]. Group 2: Operational Challenges and Adjustments - Mine dewatering has faced delays due to reduced pump availability, but has resumed near full capacity of 25,000m³ per day as of mid-July [4]. - The refurbishment of the NCK shaft is progressing, with current depth at approximately 330 meters below the surface, and expected to reach the mid-shaft pump station by August 2025 [4]. - The timeline for mine dewatering and shaft refurbishment has been adjusted, with completion now expected in mid-2026, and first tin production anticipated in the first half of 2028 [4]. Group 3: Strategic Partnerships and Community Support - The company has partnered with Tomahee Consulting Services to enhance its mining technology platform, focusing on health and safety, operational excellence, and financial management [4]. - South Crofty is positioned to be the only primary tin producer in Europe or North America, benefiting from strong local and governmental support, and is expected to create over 300 direct jobs [8].