Cornish Metals, an exploration and development company, has announced plans to begin refurbishing the New Cook’s Kitchen (NCK) shaft at the South Crofty tin project in the UK ahead of schedule. CEO Richard Williams emphasized the significance of this milestone, highlighting the confidence of the company and its major shareholders in the project’s future. Rephasing the shaft refurbishment aims to enhance the functionality of the NCK shaft, facilitating early access for larger equipment during the mine’s redevelopment phase. To enable concurrent shaft refurbishment and dewatering activities, Cornish has adjusted the rate of mine dewatering and expects to realize a £4-million cost saving. These funds will be allocated towards covering the expenses of the NCK refurbishment. Additionally, a preliminary economic assessment is underway and slated for publication in the second quarter, providing an updated estimate of the funding requirements necessary to achieve first tin production from South Crofty by the end of 2026.
