Cornish Metals Accelerates Development with Major Steps Forward

Key Developments in the South Crofty Tin Project

Cornish Metals Inc. (TSX-V: CUSN), a mineral exploration and development company headquartered in Vancouver, is excited to announce significant updates regarding its 100% owned South Crofty tin project. With a focus on moving forward efficiently, the company has made substantial progress in its operational strategy, engaging leading specialists for both equipment procurement and project management.

Procurement of Vital Winder Equipment

In a critical move, Cornish Metals has placed orders for two essential winders with Qualter Hall & Company Limited. These winders will be employed at South Crofty’s New Cook’s Kitchen (NCK) shaft, which is crucial for enhancing the project's operational capabilities. The company views these procurements as a pivotal investment, significantly funded by a recent successful fundraising campaign.

Details on the Winders

The first winder, a 3.2-meter single drum model rated at 1,200 kilowatts, is designed for transporting personnel and equipment. Boasting a maximum hoisting capacity of 12,500 kg, it will replace an existing, smaller winder that was primarily for pre-production activities.

The second winder, also a 3.2-meter model but a double drum design, will be responsible for hoisting rock from deep underground to surface. With a capacity of 11,500 kg and a higher speed of 7.9 meters per second, it aligns perfectly with the projected production rates articulated in the initial economic assessment for South Crofty.

Engagement with Technical Management Group

In addition to the advancements in equipment, Cornish Metals has teamed up with Technical Management Group Limited (TMG) for project management consultancy. TMG is recognized for its exceptional project oversight, particularly within the mining, energy, and infrastructure sectors, and will provide expert management throughout the project's development phase.

Role of TMG in Project Success

TMG's extensive experience ensures that Cornish Metals will maximize efficiency and align project goals with rigorous management standards. Their involvement will bring seasoned professionals into the mix, enhancing Cornish Metals' internal team as they ramp up production at South Crofty. This strategic partnership is anticipated to streamline operations and encourage robust project implementation.

Words from the Leadership

CEO Don Turvey emphasized the importance of these steps in maintaining momentum for the South Crofty project. By securing key equipment and partnering with TMG, Turvey expressed confidence in the direction of the project and its upcoming phases. As quoted, he remarked, "These orders are critical to ensure we remain on track for our objectives, particularly as we anticipate beginning pre-production underground development in the near future. Our collaboration with TMG will fortify our efforts to make South Crofty a successful mining operation once more."

Continuity with Qualter Hall

Gifford Brown, Managing Director at Qualter Hall, echoed Turvey's sentiments, reiterating the strong, ongoing relationship between their companies over the decades. The full-service approach of Qualter Hall emphasizes their commitment to comprehensive service delivery, enhancing the entire mining experience at South Crofty.

About Cornish Metals

Cornish Metals is uniquely positioned as a mineral exploration and development entity advancing the South Crofty tin project toward actual production, thus setting itself apart in the market. The company's efforts are focused on re-establishing this historical, high-grade operation.

Highlights of the South Crofty project include:

• A well-established historical site with existing mining infrastructure for future expansion.
• All necessary permits secured for underground mining and construction of a new processing facility.
• A recent Preliminary Economic Assessment confirming the promising potential of the project.
• The ambitious goal of becoming the only primary tin producer in Europe or North America, contributing significantly to the critical mineral supply chain.
• Strong backing from the local community, which will facilitate the employment of up to 320 skilled workers from the region.

Frequently Asked Questions

What is the South Crofty Project?

The South Crofty Project is a historical underground tin mine in Cornwall, United Kingdom, which Cornish Metals is developing towards production.

Who is developing the South Crofty Project?

Cornish Metals Inc. (TSX-V: CUSN) is leading the development efforts of the project.

What recent developments have been made?

The company placed orders for two essential winders and engaged Technical Management Group as consultants to enhance project management.

What is the significance of the winder orders?

The winders are critical for transporting personnel and materials, essential for the underground development operations.

How many jobs could the South Crofty Project potentially create?

The project could generate approximately 320 direct jobs within the local community.

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