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Pin to quick picksStrategic Minerals Share News (SML)

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Strategic Minerals expects new PEPR lodgement to be faster than before

Thu, 29th Dec 2022 07:43

(Alliance News) - Strategic Minerals PLC on Thursday said that its subsidiary, Leigh Creek Copper Mine Pty Ltd, has lodged an application for a new Program for Environmental Protection & Rehabilitation with South Australia's Department of Energy & Mining.

Strategic Minerals is a London-based miner. The Leigh Creek copper mine, acquired in 2018, is the company's primary Australian asset. The mine uses a heap leaching approach to produce copper cement and has executed an offtake arrangement for its output.

The lodgement of the PEPR is related to planned mining at Paltridge North, within Leigh Creek, and constitutes part of the expected 2023 re-opening of operations at Mountain of Light - also on the site - subject to funding.

Strategic Minerals said that the new PEPR contained much of the same information as the previous application, but in greater depth.

Accordingly, it does not expect approval of this PEPR to be as protracted as was the case previously.

The company added that negotiations on planned funding of the restart of production are at an advanced stage with an unnamed additional party. However, no binding arrangements have been entered into thus far.

"Lodgement of the PEPR for treatment of transitional ores at Paltridge North represents the next step in the expected re-opening of operations at Mountain of Light in 2023, subject to funding. It is expected that this PEPR's approval will be achieved in a time frame that is within the planned mining critical path," said Managing Director John Peters.

"While no binding arrangements have been entered into yet, our dealings with a party during the December quarter are very encouraging and the Company hopes to be able to convert this into a binding arrangement early in 2023. Although the time taken to get to this point has been frustrating, the board now considers it highly likely, subject to finance, that operations will recommence in 2023 and we are encouraged by the rebound in the copper price."

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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29 Nov 2024 11:58

Strategic Minerals upbeat on UK critical minerals report

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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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TRADING UPDATES: Strategic Minerals touts improved Cobre sales

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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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Strategic Minerals shares soar amid record quarterly Cobre sales

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Strategic Minerals reports record sales in June quarter

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9 Jul 2024 10:49

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