New Age to quit Cornwall

NEW Age Exploration may claim to own half of the world’s largest undeveloped and second highest grade tin-tungsten underground mining project in the world, but it has elected to sell up to its joint venture partner, despite recent rallies in the tin price, to focus on other opportunities.

New Age to quit Cornwall New Age to quit Cornwall New Age to quit Cornwall New Age to quit Cornwall New Age to quit Cornwall

Drilling at Redmoor increased the resource last year.

The company's 50%-owned flagship, Redmoor in Cornwall, will be sold for up to A$5 million to partner Strategic Minerals, a company where New Age chairman Alan Broome holds the same role.