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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: 0.25
Bid: 0.20
Ask: 0.30
Change: 0.025 (11.11%)
Spread: 0.10 (50.00%)
Open: 0.25
High: 0.25
Low: 0.25
Prev. Close: 0.225
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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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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.

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2 Aug 2021 17:48

IN BRIEF: Strategic Minerals notes potential for CVI claim recovery

IN BRIEF: Strategic Minerals notes potential for CVI claim recovery

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16 Jul 2021 16:19

Strategic Minerals reports 6.5% fall in annual Cobre sales

Strategic Minerals reports 6.5% fall in annual Cobre sales

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29 Jun 2021 12:08

TRADING UPDATES: Appreciate profit drops on gift cards decline

TRADING UPDATES: Appreciate profit drops on gift cards decline

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25 Jun 2021 16:35

TRADING UPDATES: Arkle 2020 loss widens; Arc, Safestay delay results

TRADING UPDATES: Arkle 2020 loss widens; Arc, Safestay delay results

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14 Apr 2021 19:23

TRADING UPDATES: Distil expects solid annual growth, revenue up 48%

TRADING UPDATES: Distil expects solid annual growth, revenue up 48%

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14 Apr 2021 11:32

Strategic Minerals reports 'robust' sales from Cobre

(Sharecast News) - Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the quarter through March on Wednesday, reporting continuing growth in sales as revenues rose by over 12% year-on-year.

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1 Mar 2021 20:11

TRADING UPDATES: Invesco Enhanced and City Merchants plot merger

TRADING UPDATES: Invesco Enhanced and City Merchants plot merger

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23 Feb 2021 12:53

Strategic Minerals begins trenching programme west of Redmoor

(Sharecast News) - Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) is starting a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation up to 1,000 metres to the west of the already-established Redmoor resource.

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23 Feb 2021 11:53

TRADING UPDATES: Tracsis First-Half Revenue Set To Decline Amid Virus

TRADING UPDATES: Tracsis First-Half Revenue Set To Decline Amid Virus

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15 Feb 2021 16:09

Strategic Minerals gets European funding for Redmoor project

(Sharecast News) - Strategic Minerals announced on Monday that its wholly-owned subsidiary Cornwall Resources (CRL) has been notified that the 'Deep Digital Cornwall' project, led by the University of Exeter's Camborne School of Mines (CSM), has been awarded funding by the European Regional Development Fund (ERDF), through the Ministry of Housing, Communities, and Local Government.

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15 Feb 2021 11:10

AIM WINNERS & LOSERS: Live Co Falls After Two Board Departures

AIM WINNERS & LOSERS: Live Co Falls After Two Board Departures

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15 Feb 2021 10:12

Strategic Minerals Unit Gets Funding Award For Deep Digital Cornwall

Strategic Minerals Unit Gets Funding Award For Deep Digital Cornwall

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14 Jan 2021 21:55

UK TRADING UPDATE SUMMARY: AVI Japan Disappointed By Fourth Quarter

UK TRADING UPDATE SUMMARY: AVI Japan Disappointed By Fourth Quarter

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3 Dec 2020 13:26

Strategic Minerals Fundraises For Equipment Renewal, Project Growth

Strategic Minerals Fundraises For Equipment Renewal, Project Growth

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