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Share Price Information for Strategic Minerals (SML)

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Share Price: 0.185
Bid: 0.17
Ask: 0.20
Change: 0.005 (2.78%)
Spread: 0.03 (17.647%)
Open: 0.18
High: 0.163
Low: 0.163
Prev. Close: 0.18
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Strategic Minerals selling gold targets as it focusses on battery elements

Mon, 03rd Sep 2018 11:24

(Sharecast News) - Producing mineral company Strategic Minerals has signed an in principle agreement in relation to the divestments of certain tenements that had been identified as gold targets, currently owned by its wholly-owned subsidiary Central Australian Rare Earths, to ASX-listed Great Southern Mining subject to a one week due diligence and effective transfer of title, it announced on Monday.The AIM-traded firm said it had agreed to arrange the sale of the E38/2829, E38/2442, E38/2587, and E38/2856 tenements to GSN.It confirmed the tenements in the agreement were currently 100% owned by its subsidiary CARE.Total consideration for the sale would be AUD 145,000, to be paid by way of AUD 100,000 in cash and the issue to CARE of 1,000,000 shares in GSN at an issue price of 4.5 Australian cents.A non-refundable deposit of AUD 50,000 would be deposited on exchange of contracts, and the cash balance and the shares would be provided on the transfer of title.Strategic said 500,000 GSN shares would be subject to a voluntary escrow until 30 December, with the balance voluntarily escrowed until 30 June 2019.The board explained that the sale of the tenements would channel the company's focus for CARE on nickel/cobalt and rare earth exploration."As a result of the ongoing evaluation and rationalisation of the CARE tenements, the board has decided that the tenements identified as gold targets are not in line with the company's strategy of pursuing battery-related metals and the sale of these assets allows Strategic Minerals to focus future exploration on nickel sulphides, cobalt and rare earth elements," said Strategic Minerals managing director John Peters."The company looks forward to updating the market shortly on its plans to undertake further drilling around Hanns Camp, notably at Hanns Camp South, which is showing good signs of nickel sulphide prospectivity."
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26 Apr 2018 15:16

Strategic Minerals Makes Progress In South Australia And New Mexico

LONDON (Alliance News) - Strategic Minerals PLC said on Thursday it has adopted a strategy to restart operations at the Leigh Creek copper mine in South Australia, expecting to start full in a for

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4 Apr 2018 07:50

Australia shares gain for first day in 4; NZ also up

* Aussie and NZ shares of a2 Milk among top gainers on both benchmarks * CBA, NAB and Westpac reverse trend to end higher (Updates to close) By Susan Mathew April 4 (Reuters)

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28 Mar 2018 15:01

Strategic Minerals' Australian Arm To Explore Mount Weld Tenements

LONDON (Alliance News) - Strategic Minerals PLC said on Wednesday that its subsidiary Central Australian Rare Earths will undertake an initial exploration drilling programme a

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27 Mar 2018 06:51

Australia shares bounce on easing trade war worries; NZ rises too

* Aussie shares erase previous day's losses * Materials, industrials lead gains on ASX * Consumer staples, utilities boost NZ shares (Updates to close) March 27 (Reuters)

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21 Mar 2018 05:48

Australia shares end higher as banks rebound; NZ at record

* Investors return to bank stocks as inquiry worries fade * Commodity stocks higher on firm metal, oil prices * NZ closes at record ahead of RBNZ policy meeting (Updates to Devika 21

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21 Mar 2018 01:30

Australia shares cautious ahead of Fed; NZ hits record on Synlait earnings

* Aussie shares trade flat, Fed in focus * Synlait pushes New Zealand to record high By Christina Martin March 21 (Reuters) - Australian shares were as in

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6 Feb 2017 16:21

Strategic Minerals ups stake in Cornwall Resources Ltd

(ShareCast News) - Diversified mineral production and development company Strategic Minerals has exercised its remaining option to purchase further shares in Cornwall Resources Ltd. "The funding of the option payment now sets the framework in place for progressing the 2017 Redmoor tin/tungsten drill

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6 Feb 2017 09:17

Strategic Minerals Ups Stake In Redmoor Venture To 50%

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12 Jan 2017 09:31

Strategic Minerals Venture Appoints Exploration Manager

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21 Nov 2016 17:13

DIRECTOR DEALINGS SUMMARY: Strategic Minerals MD Bolsters Stake

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21 Nov 2016 12:54

DIRECTOR DEALINGS: Strategic Minerals MD Buys 1.3 Million Shares

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15 Nov 2016 14:43

Strategic Minerals' Redmoor Venture Changes Name, Tenders Issued

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14 Nov 2016 14:11

Strategic Minerals agrees to provide funding to Central Australia Rare Earths

(ShareCast News) - Multi-minerals production, exploration and development company Strategic Minerals announced on Monday that it has agreed, in conjunction with its joint venture partner Rarus, to provide funding to Central Australia Rare Earths. The AIM-traded firm said the AUD 0.15m funding is for

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4 Nov 2016 08:48

Strategic Minerals joint venture appoints community advisor

(ShareCast News) - Minerals production and development company Strategic Minerals announced on Friday that NAE Resources - its joint venture with New Age Exploration, and owner of the Redmoor Tin and Tungsten project, has entered a consulting arrangement with Jeffrey Harrison as its community adviso

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10 Oct 2016 14:56

Strategic Minerals's shares soar but nothing to report

(ShareCast News) - AIM-listed diversified mineral production company Strategic Minerals said there is nothing further to add to its September interim results despite its shares soaring at the start of the week. On 29 September, the company reported that for the six months ended 30 June its pre-tax l

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