- Cornish Metals Inc NPV (DI)
- 04 June 2025 13:07:16
Source: Sharecast
The AIM and TSX-V listed company said orders were placed with Qualter Hall for the design, manufacture and installation of two winders for the New Cook’s Kitchen shaft.
It said the long-lead items included a 1,200kW single drum service winder for transporting personnel and equipment, and a 1,200kW double drum production winder designed to hoist ore to the surface.
The investment would form a key use of proceeds from Cornish Metals’ recent fundraising.
Qualter Hall, a UK-based engineering firm with more than 160 years of experience, has a longstanding relationship with South Crofty and would oversee the full delivery of both winders.
Cornish Metals also confirmed the appointment of Technical Management Group (TMG) to provide project management services through the construction and commissioning phases.
TMG would integrate with the company’s internal team, bringing expertise in engineering, procurement, and project controls to support the transition to full production.
The company described the steps as significant milestones toward bringing the fully-permitted South Crofty project back into production.
“Placing the orders with Qualter Hall for the winders to be used at South Crofty's NCK shaft is a vital step to maintaining the momentum on-site, actioning one of the project's critical path projects which will allow for the planned commencement of pre-production underground development in the second half of 2026,” said chief executive officer and director Don Turvey.
“The engagement of TMG provides an immediate bolstering of our project development owner's team through the addition of experienced professionals who will work alongside the existing Cornish Metals team, ensuring that we are project ready and set up for project success to bring South Crofty back to production.”
At 1213 BST, shares in Cornish Metals were up 2.5% at 8.2p.
Reporting by Josh White for Sharecast.com.