08:19 AM EDT, 03/21/2024 (MT Newswires) -- Cornish Metals ( SBWFF ) on Thursday said it is readying a feasibility study for its South Crofty tin project in the United Kingdom.

The company said the study, expected to be released in the second quarter, will incorporate results of metallurgical test work, updated mine design and early-stage engineering for processing facilities.

The company will continue dewatering the historic mine while deepening a shaft.

"2024 is shaping up to be another busy year for the Company with mine dewatering and the refurbishment of NCK shaft progressing to deeper levels of the mine. The South Crofty PEA is nearing completion and we look forward to reporting the updated mine plan and project economics in Q2 this year," executive chair Patrick Anderson said in a release.

Cornish Metals ( SBWFF ) shares closed up C$0.005 to C$0.16 Wednesday on the TSX Venture Exchange.