Business
UNAUDITED FINANCIAL STATEMENTS ENDED 30 APRIL 2023
UNAUDITED FINANCIAL STATEMENTS ENDED 30 APRIL 2023.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nCORNISH METALS RELEASES UNAUDITED FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDING 30 APRIL 2023\n \nVancouver, June 21, 2023\nCornish Metals Inc. (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis (\"MD&A\") for the three months ended April 30, 2023. The reports are available under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (www.cornishmetals.com).\nHighlights for the three months ended April 30, 2023 and for the period ending June 21, 2023\n(All figures expressed in Canadian dollars unless otherwise stated)\n· Drill program nearing completion at South Crofty to collect samples for metallurgical testwork as part of the Feasibility Study, with drilling expected to be finished by the end of June 2023;\n· Construction of the water treatment plant (\"WTP\") substantially complete with commencement of dewatering expected later in summer 2023 at a construction cost estimated to be between £6.5 million and £7.0 million ($11.1 million and $11.9 million at quarter end exchange rate);\n· First submersible pump currently being installed in New Cook Kitchen's (\"NCK\") shaft with the second pump expected to commence installation by the end of June 2023;\n· Two single drum winders have been ordered for the shaft re-access work, with the main winder due on site in October 2023 and the emergency winder due for delivery in August 2023;\n· Remedial work underway on the south headframe above NCK shaft in readiness for the installation of the main winder;\n· Work on the Feasibility Study continues with completion planned by the end of 2024; and\n· Further digitization of historic assay information and data from the metallurgical drilling program is being incorporated into an updated Mineral Resource Estimate with a targeted release date for the end of September 2023;\nRichard Williams, CEO of Cornish Metals, stated, \"It is just over a year since the £40.5m financing led by Vision Blue Resources completed,...