Mining News – Late March 2026
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Test drilling in what was once described as the world’s richest tin mine is to start later this year following the completion of a £2m fundraising by exploration firm Tamar Minerals.
The firm said the investment meant it can now commence work at Great Wheal Vor, a group of 26 former tin and copper mines in Cornwall.
Mining ceased on the site near Helston in 1878 but London-headquartered Tamar, which has ambitions to mine the South West’s historic copper and tin belt, now owns mineral rights to part of the area, which has not been mined since 1878.
Sourced from TheBusinessDesk
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An historic tin Cornish mine could help make the UK a leading source of tungsten for the Western World, the firm behind plans to reopen it said today as revealed it contains far bigger deposits of the metal than earlier thought.
Redmoor was already seen as Europe’s highest grade, undeveloped, tungsten resource.
But today international mineral exploration and production company Strategic Minerals said latest surveys had shown what it called a “transformational uplift” in its production capability, giving an estimated base case valuation for the project of $1.54bn (£1.15bn).
Sourced from TheBusinessDesk
