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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Share Price: 0.235
Bid: 0.20
Ask: 0.27
Change: 0.00 (0.00%)
Spread: 0.07 (35.00%)
Open: 0.235
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Strategic Minerals boosted by Australian copper mineralisation

Thu, 06th Dec 2018 15:49

(Sharecast News) - Strategic Minerals' shares surged on Thursday after intersecting "significant" copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.The mineralisation at the Rosmann East pit included 1.41% copper at a depth of 54m and 2.58% copper at a depth of 22m following the drilling of two reverse circulation holes to a total depth of 155m.John Peters, managing director of Strategic Minerals, said: "The SML board is exceptionally pleased with the recent progress LCCM has made towards the recommencement of copper production, with the start of the refurbishment programme. The prospect of the plant being ready ahead of schedule provides an opportunity to start copper production potentially earlier in the first half of 2019."The AIM traded company also launched a refurbishment programme to restart its Mountain of Light processing plant, which will allow for the restarting of operations in 2019."This progress is further enhanced by the excellent results from drilling below the historically mined Rosmann East pit. The drilling opens the potential not only to add significant resources but also provides the opportunity for the Rosmann East deposit to be a material additional feed into the Mountain of Light plant," said Peters.The managing director added that, to explore the possibility further, Strategic Minerals has allocated funds for additional diamond drilling and metallurgical testwork, with results expected in the first quarter of next year.Meanwhile, the company also said it has completed a 10 hole, 500m reverse circulation drilling programme to test for copper oxide potential between the Lynda and Lorna Doone deposits with only minor mineralisation returned in the assays.Strategic Minerals' shares were up 12.00% at 1.40p at 1553 GMT.
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29 Nov 2024 11:58

Strategic Minerals upbeat on UK critical minerals report

(Sharecast News) - Strategic Minerals was upbeat on Friday after news that tungsten and tin, key components of its wholly-owned Redmoor polymetallic tungsten deposit, retained their designation as 'critical minerals' in the 2024 UK Criticality Assessment.

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28 Nov 2024 14:34

Strategic Minerals extends Cobre access for two more years

(Sharecast News) - Strategic Minerals announced a two-year extension to its access agreement for the Cobre magnetite stockpile in New Mexico on Thursday, pushing the expiration date from 31 March 2027 to 31 March 2029.

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28 Nov 2024 12:24

IN BRIEF: Strategic Minerals gets two-year extension for Cobre access

Strategic Minerals PLC - Says its access to the Cobre magnetite stockpile in New Mexico has been extended by two years to March 31, 2029. The firm has also received a new purchase order for 2025 for up to 30,000 tonnes from one of its "major clients". Executive Director Mark Burnett says: "Combined with a significant new purchase order, this [extension] should underpin the revenue profile for Strategic Minerals into 2025 and beyond and provide scope to expand operations across the portfolio of Strategic Minerals assets." It expects full-year sales at Cobre to exceed USD4.5 million.

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28 Nov 2024 10:57

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15 Oct 2024 14:22

TRADING UPDATES: Strategic Minerals touts improved Cobre sales

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Aug 2024 13:00

Strategic Minerals names largest shareholder Charles Manners as chair

(Alliance News) - Strategic Minerals PLC on Monday announced the appointment of two significant shareholders to the board.

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5 Aug 2024 14:32

UK shareholder meetings calendar - next 7 days

Tuesday 6 August 
Eqtec PLCAGM
Syncona LtdAGM
Wednesday 7 August 
Vulcan Industries PLCAGM
Thursday 8 August 
Celebrus Technologies PLCAGM
Chaarat Gold Holdings LtdGM re AIM delisting
Custodian Property Income REIT PLCAGM
Harvest Minerals LtdAGM
Investec PLCAGM
Marks Electrical Group PLCAGM
Probiotix Health PLCAGM
Quantum Exponential Group PLCGM re potential substantial investment in company
Friday 9 August 
Ananda Developments PLCAGM
Monday 12 August 
Alpha Financial Markets Consulting PLCGM re takeover by Bridgepoint Advisers
Dekel Agri-Vision PLCAGM
Firering Strategic Minerals PLCAGM
Global Smaller Cos Trust PLCAGM
Mobile Tornado Group PLCAGM
NextEnergy Solar Fund LtdAGM
Sondrel Holdings PLCGM re de-listing from AIM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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2 Aug 2024 10:02

Strategic Minerals signs new licence for mineral rights in Cornwall

(Alliance News) - Strategic Minerals PLC on Friday announced subsidiary Cornwall Resources Ltd has signed a new exploration licence and mining option for mineral rights in Cornwall, England.

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16 Jul 2024 21:54

IN BRIEF: Strategic Minerals chair retires, MD made interim chair

Strategic Minerals PLC - London-based mining and exploration company - Chair Alan Broome retires effective immediately. Managing Director John Peters to assume role of interim chair until board composition is finalised, expected this quarter. Company also proposes appointment of Jonathan Reynolds as independent technical non-executive director. Expects to complete appointment by end of August. Reynolds will replace Jeff Harrison who retired in April 2023. Says company had not been able to fill the role until recent turnaround in sales at its Cobre operation in New Mexico. Plans to add additional UK-based non-executive director with strong mining background.

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9 Jul 2024 11:48

Strategic Minerals shares soar amid record quarterly Cobre sales

(Alliance News) - Strategic Minerals PLC on Tuesday upgraded guidance following strong sales from the Cobre magnetite stockpile operation.

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9 Jul 2024 11:05

Strategic Minerals reports record sales in June quarter

(Sharecast News) - Strategic Minerals reported record-breaking sales for the quarter ended 30 June on Tuesday, driven by a significant increase in demand at its Cobre operation.

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9 Jul 2024 10:49

AIM WINNERS & LOSERS: Strategic Minerals up as quarterly revenue jumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

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