Cornish secures another mineral lease around South Crofty tin project in Cornwall
Aim-listed Cornish Metals has secured a new mineral lease in the mineral rights area of its South Crofty tin project, in Cornwall, UK.
The new lease, called Dudnance, is valid for 25 years and has been agreed with the 50% owners of the mineral rights, with the other 50% having been held by Cornish already.
This move further consolidates Cornish's mineral title position across the South Crofty mining permission area, which reduces title-related risk and strengthens long-term development and operational certainty at the project.
Cornish previously completed mineral lease agreements with other mineral rights holders at South Crofty, including the Pendarves and Vyvyan estates.
"The completion of the Dudnance mineral lease strengthens our control over the South Crofty mineral rights and represents another important step in derisking the project. Securing these rights enhances long-term certainty as we continue to advance South Crofty towards construction and production, and I would like to thank the mineral rights owners for their constructive and professional engagement throughout the process," says Cornish CEO Don Turvey.
Henry Preston, as one of the prior mineral right owners of Dudnance, says South Crofty has been part of the history and identity of this area for generations.
"We are pleased to support the next chapter in its development through completion of this mineral lease. We have followed the progress made by Cornish with great interest and have appreciated the professional and constructive approach taken throughout the process. It is encouraging to see renewed investment and activity returning to the historic mining district, and we look forward to watching South Crofty continue to advance and help revitalise Cornwall’s tin mining heritage.”
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