Strategic Minerals PLC (LON:SML) has appointed London-based Natural Resources Global Capital Partners Limited to provide strategic and financial advice regarding advancing the Redmoor tin and tungsten project. NRG is an independent advisory firm and merchant bank focused on the global metals and energy industries.
NRG has undertaken an encouraging initial review of the project and is focusing on the inherent value and how best to demonstrate this to potential joint venture partners. Theoretical analysis has identified that a revised mining schedule, focused on initially targeting the higher-grade material identified in the latest drilling programme, may offer the potential for a superior internal rate of return, enhancing project economics and improving the attractiveness of the project to potential investors.
In order to confirm the results of the internal revisions, Wardell Armstrong International has been engaged to optimise the mining schedule and mine engineering model, as well as mining costs.
"We are privileged to be working with NRG and are heartened by their enthusiasm for the Redmoor project and their recognition of value in, what the Board considers, a significant company asset,” Peter Wale, executive director of Strategic Minerals said in a statement.Read More – Source
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