Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-29

Seems no one wants to discuss the not-so important intricacies. Anyway, here's some more information to peruse.

SML announcement has a bit more detail about the Redmoor update:

Points to note:

"The completed mining, processing and infrastructure studies focus on a 10-year mine life, producing up to 700,000 tonnes of ROM (run-of-mine) processing plant feed from an underground mine accessed via a decline.  A processing facility is included in the design to produce separate tin, tungsten and copper concentrates.

A three-year ramp up to full production was included in the mining schedule with an overall mine life of 10 years scheduled.

The study completed by Fairport included a preliminary design of a 700,000 tpa processing plant and related surface infrastructure and capital and operating cost estimates for the processing plant and surface infrastructure.

The key results of the financial assessment were that, despite the project being expected to deliver excellent operating margins (estimated net margin of US$63/tonne), the existing High Grade Mineral Resource of 4.5Mt is insufficient to meet the Joint Venture partners' investment hurdles.  This indicates that, with an in-situ grade of 1.0% Sn Eq., an excellent project could be developed at Redmoor provided additional resource tonnes can be defined and added to the mining inventory.



The Exploration programme is based on 8 drill holes with an average depth of 625 metres.

CRL and SRK Consulting UK ("SRK") believe that it is realistic to consider that mineralisation continues at depth within the Exploration Target in a similar style to that already tested within the High Grade Mineral Resource area. The Exploration Target has been determined by assuming that SVS mineralisation containing High Grade Zones in similar frequency and thickness to those within the High-Grade Mineral Resource area, extends down-dip beyond the currently delineated resource, approximately 250 metres beyond the depth of the High-Grade Mineral Resource. This results in a potentially high-grade Exploration Target, of 4 - 6 Mt at a tin equivalent grade of between 0.9 - 1.3%, being defined in accordance with the guidelines for such set out in the JORC Code (2012)."

http://irservices.netbuilder.com/ir/StrategicMinerals/newsArticle.php?id=2458781&ST=SML