Dennis Rowland

Managing Director @CornwallRes | Redmoor W-Sn-Cu Project | #SML @StrategicMnrls | UK Critical Minerals | Views and Typos My Own | DYOR

[Dennis Rowland @Geo_Critical]

I do encourage everyone to read the full writeup, plenty in there to digest.

#SML #tungsten #Redmoor

[Strategic Minerals PLC @StrategicMnrls]

New @Zeus_Capital note!

“We believe Redmoor to be a high-priority project and one that could easily be a company maker for Strategic Minerals,” say Zeus analysts who see fair value overall “at 14.9p per share.”

Full note on @research_tree: https://t.co/xtESu44dP7

[Alexsei @Alexsei88]

Boooom! 💣

Lännen APT 3133 USD/MTU! 🔥

(+58$ & + 1.87%)

Lännen hintanousu jatkuu edelleen ja tuntuu että vauhti alkaa taas kiihtymään!

Loistavaa viikonloppua kaikille!

#Tungsten $EQR.AX $GMTL 🍀

[Strategic Minerals PLC @StrategicMnrls]

Mining analyst Paul Smith from broker @Zeus_Capital has published his latest research note on #SML following approval of the expanded 22,500m drilling programme at Redmoor, highlighting clear local support for the project.

Full note on @research_tree: https://t.co/C7RJkJFwvg

[Dennis Rowland @Geo_Critical]

I wouldn’t swap my team for any other whilst deliver a programme of this scale and importance. Let’s go!

[Dennis Rowland @Geo_Critical]

#SML #RNS Breakdown:
Planning permission for drilling programme expansion granted, with minor pre-commencement conditions. Documentation for these ready to be submitted immediately.

@CornwallRes to deliver the largest, continuous, diamond drilling programme drilled from surface in Cornwall.

Programme intended to deliver the infill requirements for conversion of the bulk of the Redmoor resource to an indicated resource, and to further test sections of the Exploration Target for conversion to resources.

Whilst also delivering samples and data for metallurgy, geotech and other testwork. PFS Met hole #1 already underway!

This programme demonstrates the Company’s ambition to accelerate project activities and deliver the #Redmoor project through feasibility. Redmoor is Europe’s highest grade, undeveloped, #tungsten resource!

One rig onsite, two more shortly, and potential for more later. @StrategicMnrls

[Strategic Minerals PLC @StrategicMnrls]

📢Planning permission received by @CornwallRes at #Redmoor!

3 drill rigs | 22,500m | 44+ holes

Reflects scale of opportunity at Redmoor & our commitment to advancing the project through feasibility as expeditiously as possible.

🔗https://t.co/mjHYY1TIgf

#SML #CriticalMinerals

[Dennis Rowland @Geo_Critical]

@JeevunSandher Need to incentivise business growth, without businesses growing employment and good growth no one has the money to sustain theatres, galleries and parks.

Previous local growth funds focussed too much on 4 and not enough on growth driving industries and jobs.

[Dennis Rowland @Geo_Critical]

Excellent few days at the @ukmccornwall in Falmouth.

Over the course of the week:
• CRL hosted conference attendees at site on Monday
• CRL Exploration Manager, Rowan Thorne, presented at the Investor Forum and attended the Geological Workshop on Tuesday. Whilst I hosted additional government departmental visitors at Redmoor.
• Wednesday morning SML Executive Director, Mark Burnett and I presented a Project Update during the conference opening session - including details of our ambitious infill drilling program
• and over the remain days we held many discussions and meetings with attendees including government entities, politicians, suppliers, partners and consultants regarding Redmoor.
• an honour to have Redmoor recognised with two awards - both for exploration success and funding success, with the former highlight amazing project gains and the later the effects of public-private finance and ability to raise more funds to accelerate Redmoor.

Great spending time with our Board and team, and looking forward to further demonstrating our commitment to excellence and effective program delivery as we move forward.

[Strategic Minerals PLC @StrategicMnrls]

We are proud to share that our subsidiary @CornwallRes won two prestigious awards at @ukmccornwall.

🏆 Exploration Discovery of the Year
🏆 Finance Deal of the Year

These awards recognise the significant progress made at Redmoor and the team's hard work and dedication.

#UKMC26

[Dennis Rowland @Geo_Critical]

Good chance to cover last years successes, and update on what’s to come.

[Strategic Minerals PLC @StrategicMnrls]

SML and its subsidiary @CornwallRes will attend the @ukmccornwall and will deliver a detailed project update during their speaking slot.

🕘 Weds 10 June | 9:00am
🎤 #SML CEO Mark Burnett and #CRL MD Dennis Rowland
🎯 Recent progress, key milestones, future priorities

#UKMC26

[Dennis Rowland @Geo_Critical]

“China exported only 2 tonnes of APT, which 0 went to Japan, in 26Q1.”

For those wondering why there is a significant price differential between internal Chinese tungsten prices and those reported in Europe/Rest of World.

[Teo @Teo_Sinamin]

Nikkei reported that Japan’s tungsten imports from China fell by 50%.

That is technically true.

But it misses the critical number.

Tungsten export to Japan have effectively stopped. Zero shipments since the overnight ban.

But...

Japan’s import data can still capture cargo that had already left China before the restriction fully hit. Material at sea does not disappear from customs data just because the policy changed at the Chinese border.

The Jan. 6 measure was effective immediately. If suppliers had cargo ready to clear, there was every incentive to push it through before the window closed. Anyone who has dealt with China-side customs timing will understand how quickly that behaviour can happen around a sudden policy change.

But once the control had landed, no Chinese exporter was going to risk jail time just to sell Japan a few extra tonnes of tungsten.

So from Japan’s side, imports look like they are falling.

From China’s side, the flow has already stopped.

That is the real story.

And the impact on Japan’s tungsten industry is not theoretical.

China exported only 2 tonnes of APT, which 0 went to Japan in 26Q1. Japan is now trying to work around the shortage by importing tungsten scrap from other countries. Imports of tungsten scrap from the US jumped by around 1,000%.

That is emergency substitution in desperation.

The pressure is already hitting Japanese manufacturers.

Mitsubishi Materials has announced price increases of more than 3x for some tungsten materials from June orders.

Sumitomo Electric says procurement from China has stopped. Around 30% of its cutting-tool raw material previously came from China.

NS Tool says tungsten prices have risen around 7x over the past year, making earnings forecasts difficult.

OSG is increasing imports from Europe and warning that cost pass-through is unavoidable.

One Osaka carbide toolmaker is reportedly considering production cuts of around 20%.

Japan can recycle more scraps. It can pay more for US, European and Southeast Asian material. It can stretch inventories.

But it's not sustainable. Recycling cannot instantly replace a Chinese supply chain that took decades to build.

The market intelligence I have seen suggests some Japanese users may only have enough tungsten to last until around late June. If that is even roughly correct, the next few weeks matter.

This is why tungsten should be watched closely.

It is not just a niche metal. It is critical for carbide cutting tools, automotive and aerospace machining, semiconductors, electronics and defence applications.

China spent decades controlling the upstream supply and the licensing channel. Multiple laws & regulations have been revised to tighten their control.

A 50% fall in imports sounds manageable.

Zero China-side exports is the warning signal.

[Dennis Rowland @Geo_Critical]

@baroninvestment This is my deep thinking face 🫣

[Dennis Rowland @Geo_Critical]

@RichardMBrooks @AndyMoirKernow I did ask if they had a better screenshot, but apparently the action shot doesn’t of me talking was preferred 🙃

[Strategic Minerals PLC @StrategicMnrls]

Our Cobre #magnetite operation in #NewMexico is far from boring! With revenue in 2025 of $4.23 million from the sale of 61,279 tons of product, Cobre continues to provide sustainable revenue and operational stability to the group.

Find out more: https://t.co/l65CPxcZiW

[Dennis Rowland @Geo_Critical]

RNS breakdown:
• 1st resource infill drillhole complete and 2nd well underway

• Successful intersection of Redmoor SVS mineralisation as planned with visually logged long intersections containing wolframite, cassiterite and chalcopyrite

• New planning permission in process - will enable a 3-rig programme

• Fully funded programme expanded - bigger and better - now >22.5k meters - infill AND extension, plus data for studies

• More drilling in one programme than delivered in all CRL drilling to date.
#SM #Tungsten @CornwallRes

[Strategic Minerals PLC @StrategicMnrls]

🚨 Redmoor drilling update 🚨

1st drillhole of infill drilling complete, intersecting the SVS.

Expanded infill + expansion programme underway alongside feasibility study sampling and data collection, with 2 additional rigs on standby.

👉 https://t.co/NJeNDYsmZ8

#SML #Tungsten

[Dennis Rowland @Geo_Critical]

RNS breakdown:
• Iterative work pays off. There’s no “one and done” in good geological practice
• Redmoor’s team having shown the effectiveness of the relogging and sampling campaign have produced more positive results
• This time concluding the update in tin analysis methodology - with the new method highlighting a modest uplift in tin grade results across majority of remaining samples

However:
• Samples containing more tin generally reported larger increases from previous results
• Results also highlight a small number of samples that now report strong mineralisation - including 1.65m @ 1.52% from 273.1m in hole CRD027 (drilled on 2018)

•These results will help inform further updates to Redmoor’s model and targetting of additional sampling outside of the Redmoor SVS
• Relogging and sampling continues, alongside logging and sampling of new drill core from the ongoing drilling programme.

More to come on that.
#SML $SML @StrategicMnrls @CornwallRes #Tungsten #Tin #Copper

[Strategic Minerals PLC @StrategicMnrls]

📣 An updated analytical methodology for previously reported tin assays highlights the value add from our relogging and sampling programme.

Full news👉 https://t.co/5jC6C7HUB9

#SML #CriticalMinerals #Cornwall #Tungsten #Tin #Copper #Silver

[Dennis Rowland @Geo_Critical]

@h1bennett Quite a spectacular piece of infrastructure over a couple mile route. Shows the importance of tungsten ore on and near Kit Hill during WW1

[Dennis Rowland @Geo_Critical]

@h1bennett Excellent. More details to follow soon.

Emily is great having taken a lead on our engagement work, doing an excellent job.

[Dennis Rowland @Geo_Critical]

@h1bennett Should teach them to search for cassiterite. Lots of that in the sediments of the Lynher

[Dennis Rowland @Geo_Critical]

1 intersection per hole, nice enough thickness, no comment on minerals the tin or tungsten is in. No reference to spacing of holes and therefore strike length, and no reference, and no reference if it is the same structure being intersected…

Historic results, so have to be taken as a pitch of salt until redrilled and proven to be valid and accurate.

[Dennis Rowland @Geo_Critical]

@h1bennett Here’s a few.

[Dennis Rowland @Geo_Critical]

@h1bennett It’s common enough in places within the wider deposit. Nothing we bother too much with, other than occasional photos of cool looking specimens.