Mike Ralston, CEO of Blencowe Resources (BRES) and Manuel Pablo Zúñiga-Pflücker, President and CEO of PetroTal (PTAL) will be presenting and taking live Q&A at focusIR's Investor Webinar on Tuesday 25th February. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.225
Bid: 0.20
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.05 (25.00%)
Open: 0.225
High: 0.244
Low: 0.225
Prev. Close: 0.225
SML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

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

Read more
26 Jan 2022 21:48

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

Read more
23 Dec 2021 12:16

Strategic Minerals shifts funding focus for Leigh Creek mine

(Sharecast News) - Strategic Minerals updated the market on progress in relation to funding of the Leigh Creek Copper Mine on Thursday, as well as progress on addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR).

Read more
23 Dec 2021 11:22

Strategic Minerals looks for alternate routes to fund copper mine

Strategic Minerals looks for alternate routes to fund copper mine

Read more
23 Dec 2021 11:18

AIM WINNERS & LOSERS: Libertine and CT Automotive rise on market debut

AIM WINNERS & LOSERS: Libertine and CT Automotive rise on market debut

Read more
17 Nov 2021 16:02

Strategic Minerals finds more high-grade tin in pit samples

(Sharecast News) - Producing mineral company Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has identified further significant high-grade tin in four pit samples taken to the west of its main Redmoor deposit.

Read more
17 Nov 2021 12:09

TRADING UPDATES: Wincanton Primark deal; Mode Global cuts bitcoin fees

TRADING UPDATES: Wincanton Primark deal; Mode Global cuts bitcoin fees

Read more
26 Oct 2021 17:39

TRADING UPDATES: East Star makes buy; Kromek wins USD17 million deal

TRADING UPDATES: East Star makes buy; Kromek wins USD17 million deal

Read more
26 Oct 2021 12:46

Cobre sales remain muted as Strategic Minerals works on future

(Sharecast News) - Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Tuesday, reporting that annual sales totalled $2.87m for the 12 months ended 30 September.

Read more
25 Oct 2021 16:33

Strategic Minerals raises £0.4m to help fund Paltridge North work

(Sharecast News) - Battery metals-focussed producing mineral company Strategic Minerals raised £0.4m before expenses, it announced on Monday, to help it complete required work on the Paltridge North deposit.

Read more
25 Oct 2021 11:32

IN BRIEF: Strategic Minerals raises GBP400,000 to advance projects

IN BRIEF: Strategic Minerals raises GBP400,000 to advance projects

Read more
8 Oct 2021 12:54

Strategic Minerals negotiating finance for Leigh Creek

(Sharecast News) - Producing mineral company Strategic Minerals updated the market on funding progress for the Leigh Creek Copper Mine project, as well as addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR), on Friday.

Read more
8 Oct 2021 11:14

IN BRIEF: Strategic Minerals progressing with Leigh Creek mine funding

IN BRIEF: Strategic Minerals progressing with Leigh Creek mine funding

Read more
30 Sep 2021 14:45

EARNINGS UPDATES: Gusbourne and Getech report interim revenue growth

EARNINGS UPDATES: Gusbourne and Getech report interim revenue growth

Read more
28 Sep 2021 15:58

Strategic Minerals reports 'significant' tin result from Redmoor trenching

(Sharecast News) - Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) has successfully completed a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation to the west of the established Redmoor resource.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.