A steady supply of mineral raw materials is vital for the transition to a low-carbon, circular economy. The number of active mines in Europe has severely declined over the last century and half, giving rise to many abandoned mining waste sites and corresponding geological heritage. Also, the rise in minerals demand for large-scale deployment of renewable energy requires the continued and steady availability of key minerals. The supply risk associated with unpredicted geopolitical events needs to be eliminated/mitigated. Historical mine waste sites are the answer but evaluating mine waste is a lengthy and costly exercise. The study, undertaken in the Lousal Mine, used small unmanned aerial systems (sUASs) to model and determine mine waste volumes by generating orthomosaic maps with quick, inexpensive, and reliable results. Calculated mine waste volumes between 308,478 m3 and 322,455 m3 were obtained. XRD and p-XRF techniques determined the mineralogy and chemistry of waste, which varied from mineralization and host rocks with hydrothermal alteration and numerous neogenic sulphates (mostly gypsum, rhomboclase, ferricopiapite, coquimbite, and jarosite) related with supergene processes and weathering. The study shows the viability of using these sUASs to successfully model historical mine waste sites in an initial phase and for future monitoring programs.