Cornish Metals Inc. has appointed Don Turvey as the Chief Executive Officer (CEO) and a Director of the Company, effective September 1, 2024, subject to approval of a UK work visa. Turvey, an experienced mining executive with over 40 years of experience, will relocate from South Africa to Cornwall, where he will be based. The company's Chair, Patrick Anderson, expressed confidence in Turvey's ability to lead Cornish Metals forward as they advance the South Crofty tin project towards production in 2027.
Turvey's extensive commercial, operations, and project execution experience is expected to contribute to the realization of the corporate vision to bring responsible tin mining back to Cornwall. Following Turvey's appointment, Patrick Anderson will return to the position of Non-Executive Chair of the Board of Directors, and Ken Armstrong as Non-Executive Director.
Cornish Metals is a dual-listed mineral exploration and development company focused on advancing the South Crofty high-grade, underground tin project through to a construction decision, as well as exploring its additional mineral rights, located in Cornwall, United Kingdom. The South Crofty project possesses Planning Permission for underground mining (valid to 2071) and has an Environmental Permit to dewater the mine. The 2024 Preliminary Economic Assessment for South Crofty validates the Project's potential, with a US$201 million after-tax NPV8% and 29.8% IRR, among other positive indicators.
Tin, a Critical Mineral as defined by the UK, American, and Canadian governments, is a key focus for Cornish Metals. The company aims to contribute to the global tin supply, with the South Crofty project being one of the highest grade tin Mineral Resources globally. Cornish Metals continues to make significant strides in its efforts to advance responsible tin mining and contribute to the global tin supply.