Appointment of Exploration Manager

RNS Number : 9874T

Strategic Minerals PLC

12 January 2017

 

12 January 2017

 Strategic Minerals plc

("Strategic Minerals" or the "Company")

Appointment of Exploration Manager

Redmoor Tin/Tungsten Project in Cornwall, England

Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces that Cornwall Resources Limited ("CRL"), its joint venture with New Age Exploration Limited, which is developing the Redmoor Tin/Tungsten project in Cornwall, England ('Redmoor'), has appointed Mr Brett Grist as Exploration Manager for the Redmoor drilling programme, to be conducted this year.  This appointment is in line with the Company's strategy of bolstering CRL's ground senior management team ahead of its planned 2017 drilling programme. This programme is aimed at extending the defined high grade resource at Redmoor.

Brett is a geologist from the Royal School of Mines, London with over 18 years of exploration and mining experience in base metals and gold across Europe, the Middle East, West and Central Africa and Australia. In his most recent role as CEO of CASA Mining Limited in the Democratic Republic of Congo, Brett led the discovery, drilling and definition of the 1.2 million oz gold resource at the Misisi deposit.

Brett is based in Devon, UK, close to the Redmoor project and as a member of the Dartmoor Tinworking Research Group has a strong understanding of the geology and mining heritage of the region.

As part of his role Brett will be involved with the recruitment of additional staff and will assist in finalising arrangements for the awarding of the contracts in relation to the planned two phase drilling programme.

Commenting, Strategic Minerals' Managing Director, John Peters, said:

"The addition of Brett, along with the progress we are making with the tender for the drilling programme, sees us on track to commence drilling in the first half of this year.  Brett's experience and his knowledge of the area should prove a valuable asset and we welcome him to the team.

While we received a number of high quality applications for the position, we are delighted that the best candidate for this key position was from South West England, in line with our policy of looking to employ people from the local community where possible."

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 Felicity Winkles Alistair de Kare-Silver Joe Burgess	[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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