Statement re share price movement

RNS Number : 1458M

Strategic Minerals PLC

10 October 2016

 

10 October 2016

Strategic Minerals Plc

("Strategic Minerals", the "Group" or the "Company")

Statement re share price movement

The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY) has noted the recent rise in the Company's share price and can confirm that there is nothing further to update since the release of the interim results for the six months ended 30 June 2016, on 29 September 2016.  

For further information, please contact:

Strategic Minerals plc John Peters Managing Director	[phone]
Allenby Capital Limited Nominated Adviser and Broker John Depasquale/Jeremy Porter/James Reeve	[phone]
Yellow Jersey PR Financial PR Dominic Barretto	[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, the United Kingdom 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, platinum and rare earths. Strategic Minerals has completed drill-testing the highest priority nickel sulphide targets within the tenements and has successfully intersected nickel sulphide and platinum. In May 2016, the Company entered arrangements to buy up to 50% of the Redmoor tin/tungsten exploration project in Cornwall, UK.

 

END

 

 

SPMURUORNBARAAA