Presentation by Cornwall Resources Limited

RNS Number : 5137Q

Strategic Minerals PLC

30 November 2016

 

30 November 2016

 Strategic Minerals plc

("Strategic Minerals" or the "Company")

Presentation by Cornwall Resources Limited

Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces that its Director Peter Wale, who is also a Director of Cornwall Resources Limited ("CRL"), on Monday evening, on behalf of CRL, made a presentation at the House of Commons to members of parliament and a select group of invited guests. This presentation outlined CRL's Redmoor project and plans in relation to its development.  The function, organised by The Geological Society, featured brief presentations on both UK mining projects being developed by CRL, Sirius Minerals and Wolf Minerals and selected projects around the world being developed by UK companies.

A copy of the presentation can be found at http://www.strategicminerals.net/investors/presentations.html.

Commenting, Strategic Minerals' Director, Peter Wale, said:

"The opportunity to present to this select group, alongside companies like Sirius and Wolf Minerals, provided Cornwall Resources Limited, our joint venture vehicle with New Age Exploration, a wonderful chance to highlight the potential resource Redmoor represents and our plans to develop it."

For further information, please contact:

Strategic Minerals plc John Peters Managing Director   www.strategicminerals.net Follow Strategic Minerals on: Twitter: @SML_Minerals                  LinkedIn: strategic-minerals-plc	[phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat Laura Harrison	[phone]
Optiva Securities Limited Joint Broker Graeme Dickson	[phone]
Yellow Jersey PR Financial PR Dominic Barretto Felicity Winkles Alistair de Kare-Silver	[phone]

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration. 

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths. In May 2016, an additional exploration asset was acquired when the company entered into arrangements to take up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK.

 

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