Cornish Metals Inc. has announced the appointment of Samantha Hoe-Richardson as an Independent Non-Executive Director, effective immediately. Samantha brings a wealth of experience in sustainability, finance, and global mining, having held various non-executive director roles in companies such as Kew Soda Ltd, Assured Guaranty UK Ltd, and 3i Infrastructure plc. Her expertise in these areas is expected to be a valuable addition to the company's board as it continues its journey towards getting the South Crofty tin project back into operation.
The South Crofty tin project, located in Cornwall, United Kingdom, is the primary focus of Cornish Metals. The project, which holds Planning Permission for underground mining and an Environmental Permit to dewater the mine, is a historical, high-grade, underground tin mine with over 400 years of continuous production. It boasts the 4th highest grade tin Mineral Resource globally and benefits from existing mine infrastructure, making it a significant asset for the company.
The company's recent Mineral Resource update in September 2023 revealed a 39% increase in tonnes and a 32% increase in contained tin in the Indicated category for the Lower Mine. This update, along with the strong local community and government support, positions the South Crofty project as a key player in the global tin market. With no primary tin production in Europe or North America, the project's potential to generate 250-300 direct jobs is a significant economic driver for the region.
The technical information in the announcement has been compiled by Mr. Owen Mihalop, Chief Operating Officer for Cornish Metals Inc., who has reviewed and takes responsibility for the data and geological interpretation. The company's commitment to transparency and adherence to industry standards is evident in its detailed Mineral Resource Estimate report, which is available for public access.
Samantha Hoe-Richardson's appointment and the recent Mineral Resource update underscore Cornish Metals' dedication to advancing the South Crofty tin project and its potential to contribute to the global tin market and the local economy in Cornwall.