Cornish Metals Inc. Provides an Update for the South Crofty Tin Project

Published: 2025-06-04 03:05:21 ET CUSN.V

Published on 06/04/2025 at 03:05

Cornish Metals Inc. provided a project update. The Company has placed long lead item orders for two winders and has engaged Technical Management Group Ltd. ("TMG") to provide project management consulting services for the development of South Crofty. Winder Orders have been placed with Qualter Hall & Company Limited ("Qualter Hall") for the design, manufacture, supply, installation and commissioning of the production and service winders to be used at South Crofty's New Cook's Kitchen ("NCK") shaft.

The two winders are long-lead items and constitute an important use of proceeds from the recently completed fundraise. This winder will replace the existing 2.3m single drum 132 kW winder currently in-place and used for pre-production access and shaft refurbishment activities that will be relocated to the Roskear shaft. The 3.2m single clutch, double drum 1,200kW production winder will be used to hoist rock from depth to near-surface.

With a maximum hoisting capacity of 11,500kg gross at a speed of up to 7.9 m/s, it is designed to handle the hoisting demands required for the proposed production rates as detailed in the South Crofty Preliminary Economic Assessment. TMG has been engaged to provide project management consulting services to Cornish Metals to further the development of South Crofty by supplementing the Company's owner's team resources through the construction phase and ramp-up to full production with experienced project management, project controls, procurement and engineering professionals. TMG is the best suited partner for the Company and will integrate with the existing Cornish Metals team.

TMG specialises in project management for the mining, energy and infrastructure sectors, serving clients around the world and providing comprehensive services for projects across their various lifecycles. TMG unites consultants, suppliers, contractors, and executive teams, ensuring the right expertise is applied at the right time to drive project success, while helping to optimise resources and mitigate risks. The engagement of TMG provides an immediate bolstering of project development owner's team through the addition of experienced professionals who will work alongside the existing cornish Metals team, ensuring that the company are project ready and setup for project success to bring South Crofty back to production.