Strategic Minerals plc updated shareholders on the current progress and operations at its 100% owned subsidiary Cornwall Resources Limited ("CRL"). CRL is continuing to develop the Redmoor Project through a process of relogging and sampling of its historic drill core, whilst undertaking regional exploration within its newly acquired Tamar Valley Licence AreaCRL has continued to review historical diamond drill core and associated data over the past year, coupled with identification of additional, previously unsampled sections of drill core that exhibit zones of additional mineralisation worthy of analysis and evaluation; all culminating in the shipment of the first batch of 129 samples at the end of April 2024 to ALS Laboratories, Loughrea. Steady progress has been made with regards to re-logging of historical diamond drill core, with six of these drill holes being geologically logged, totalling 3,782m of drill core, or 27% of CRL's core.

The objective of the re-logging program is to identify new geological structures, detailed variations in alteration that relate to mineralisation and previously unidentified mineralised vein systems and structures. As a result, CRL aims to further increase its understanding of the Redmoor deposit and the potential for resource upside through additional sampling and modelling. To date, detailed vein and structural logging has identified numerous additional vein types that host mineralisation, coupled with this, CRL's use of an Olympus Vanta pXRF (portable X-Ray Fluorescence spectrometer) has aided CRL geologists in targeting and identifying changes in alteration and locating zones of subtle mineralisation which were previously unsampled.

The results of these analyses will be used to update and revise the current resource and geological model at Redmoor, along with informing CRL as to the best logging procedures and analytical methodologies to employ whilst progressing with the current program and in preparation for future drill programs at Redmoor. CRL are continuing with the re-logging program and ongoing evaluation and interpretation of information and data is currently being evaluated and incorporated with historical datasets; with additional drill core samples already selected for laboratory analysis.