Reported Earnings • May 21
Full year 2025 earnings released: EPS: US$0 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0 (down from US$0.001 in FY 2024). Revenue: US$4.23m (down 11% from FY 2024). Net income: US$41.0k (down 97% from FY 2024). Profit margin: 1.0% (down from 30% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 220% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Strategic Minerals plc Provides Drilling Update At Redmoor Tungsten-Tin-Copper Project Strategic Minerals plc provided an update on the ongoing infill drilling programme at its Redmoor Tungsten-Tin-Copper Project, located in Cornwall, UK. Redmoor is being developed by the Company's wholly owned subsidiary, Cornwall Resources Limited. CRD042 was completed on 6 May having intersected the full thickness of the Redmoor Sheeted Vein System, with highlights including successful implementation of navigational and wedge drilling to ensure on-target intersection of the SVS, ensuring the validity of the intersection within resource infill drill spacing requirements. CRD042 intersected a long intersection containing multiple wolframite (tungsten), cassiterite (tin) and chalcopyrite (copper) mineralised structures typical of the SVS deposit (as visually logged and sampled by CRL geologists). Drillhole intersections including mineralisation north of the SVS were logged and sampled, and the drillhole was extended beyond its original planned depth, to the south of the SVS, due to the presence and continuation of mineralised structures. CRD042 has been fully logged and sampled, and is scheduled to be shipped to ALS, Loughrea, Ireland for analysis imminently, joining batches of samples under analysis from the ongoing relogging and sampling programme. Following closure of hole CRD042 and realignment of the rig, Rig 1 remains in place on the drill pad and commenced drilling at CRD043 on 7 May. This is the second of seven planned holes from this pad. The total planned drilling programme now covers 22,500 m of drilling, across at least 44 drillholes, including infill drilling of the entire resource, and includes more recently planned upgrade drilling of the Redmoor (JORC) Exploration Target designed to add additional resources. Drilling will also integrate earlier sample and data collection for the bulk of the requirements for geotechnical, metallurgical and hydrogeological studies of the feasibility programme. CRL has submitted a planning permission application to the Minerals Planning Authority, Cornwall Council, for this drill programme which includes the ability to mobilise an additional two drill rigs to site upon successful grant of permissions. Exploration drilling at Redmoor is underway, with drillhole CRD042 completed on 6 May having intersected the full thickness of the Redmoor SVS. CRD042 saw further successful implementation of navigational and wedge drilling to ensure on-target intersection of the SVS, ensuring the validity of the intersection within resource infill drill spacing requirements. Each infill drillhole is designed to meet strict tolerance guidance for the planned intersect point within the deposit to ensure it meets the requirements for the infill spacing for potential resource conversion. CRD042 intersected a long intersection containing multiple wolframite (tungsten), cassiterite (tin) and chalcopyrite (copper) mineralised structures typical of the SVS deposit, with structures consistent with those visually logged and sampled by CRL geologists. The drillhole intersections included mineralisation in the hangingwall (above/in front) of the SVS, and in the footwall of the SVS (below/behind), with the drillhole extended beyond its original planned depth due to the presence and continuation of these mineralised intersections. Sample batches are being shipped to ALS, Loughrea, Ireland for analysis, with samples from CRD042 scheduled for shipping imminently. Following closure of hole CRD042 and realignment of the rig, Rig 1 remains in place on the drill pad and commenced CRD043 on 8 May. This is the second of the planned holes from this pad. The total drilling programme now covers 22,500 m of drilling, across at least 44 drillholes. 
