UK-based Cornish Metals (AIM: TIN) is shifting work deeper underground at South Crofty and expects to line up senior debt within months as it pushes the Cornwall tin mine toward a final investment decision in months and first production by mid-2028.
The company has shifted the focus from dewatering and accelerated deeper pre-production development on the 290-level, about 530 metres below surface, into the third quarter. That change opens earlier access to ventilation, a second exit through Roskear and underground drilling as Cornish advances an update to its 2022 preliminary economic assessment.
“The biggest risk is around execution,” Chief Development Officer Fawzi Hanano told The Northern Miner last month during the PDAC event in Toronto. “We find it very essential to bring that forward to mitigate any further risk from the pre-production.”
Tin demand is rising in solar panels, electric vehicles and advanced computing. There is no primary tin production in Europe or North America and Fawzi sees demand growing nearly 30% by 2035.
Watch the full interview below:
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