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Pin to quick picksStrategic Minerals Share News (SML)

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Strategic Minerals schedules re-start at Mountain of Light facility

Thu, 07th Mar 2019 15:14

(Sharecast News) - Battery minerals company Strategic Minerals announced on Thursday that copper production was scheduled to start-up again at the Leigh Creek Copper Mine's 'Mountain of Light' processing facility in April, starting with the refurbishment and the trial reactivation of the existing processing plant and heap leach pads.The AIM-traded firm said it had engaged experienced operator PPM Global, which had previously worked at the Mountain of Light processing plant, to refurbish the existing plant and to manage the trial restart of operations.PPM Global had mobilised, and was currently on site, Strategic Minerals said.It explained that assay results from the 250-hole shallow air core programme confirmed the presence of residual copper in the existing heap leach pads, with reactivation of the existing heap leach pads fully-covered under existing permits.A feasibility study for the start of full scale production from the Paltridge North and Rosmann East deposits was said to be "well-advanced", with expected completion of resource estimation and economic evaluation scheduled for late in the second quarter of early in the third quarter."The trial re-activation of the heap leach operations and the extraction of copper through the soon to be refurbished processing plant provides a significant step to full scale production which is scheduled for late 2019 [or] early 2020," said Strategic Minerals managing director John Peters."While the restart of operations is expected to commence in April, shipment of our first copper is not expected for three months after commencement of operations."The engagement of PPM Global, an exceptionally experienced company who has previously operated the Mountain of Light plant, provides the company confidence in planned operations."
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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

AIM WINNERS & LOSERS: eEnergy deal win; James Latham warns on recovery

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

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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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15 Oct 2024 10:58

AIM WINNERS & LOSERS: Braveheart Investment swings to profit

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

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26 Sep 2024 10:37

AIM WINNERS & LOSERS: Phoenix Copper's loss balloons on admin costs

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

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30 Aug 2024 11:11

AIM WINNERS & LOSERS: Vela Tech hit by collapse of Conduit Pharma

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

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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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