Last checked at 4 Nov 2016 07:00
4 November 2016
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Appointment of Redmoor Community Adviser
Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces that NAE Resources Limited ("Redmoor"), the Company's joint venture with New Age Exploration Limited (ASX: NAE) and owner of the Redmoor Tin/Tungsten project, has entered a consulting arrangement with Jeffrey Harrison, a Fellow of the Australian Institute of Mining, Minerals (Chartered Engineer) and a UK Member of the Institute of Quarrying, as its Community Advisor for the Redmoor Project. Jeffrey will represent the joint venture in its engagement with the local community and in progressing land access for the planned drilling programme scheduled to commence in the first half of 2017.
Jeffrey Harrison is an experienced mining engineer, operations manager and general manager, with over 35 years' experience in the mining industry. More recently, he was the Operations Manager for Wolf Minerals, where he provided similar services that were instrumental in gaining landowner and community support necessary for the development of the Drakelands tungsten mine, commissioned in 2015 and located 40km from the Company's mine site in Devon. Jeffrey lives in Cornwall approximately 20km from the Redmoor project.
Commenting, Strategic Mineral's Managing Director, John Peters, said:
"We are delighted to have secured the services of such an experienced operator, particularly as both Strategic Minerals and New Age Exploration consider this role as critical to our interaction with the Cornish community.
The appointment, coupled with the Company's recent oversubscribed share issue, sees the Company in a good position to exercise its option over a further 33.6% of shares in Redmoor and, hence, provide the funds required to undertake the planed drilling programme scheduled for the first half of 2017."
For further information, please contact:
Strategic Minerals plc John Peters Managing Director
| +61 (0) 414 727 965 |
Allenby Capital Limited Nominated Adviser and Joint Broker John Depasquale Jeremy Porter James Reeve
| +44 (0)20 3328 5656 |
SP Angel Joint Broker Ewan Leggat Richard Parlons
| +44 (0)20 3470 0500 |
Yellow Jersey PR Financial PR Dominic Barretto Alistair de Kare-Silver | +44 (0) 7825 916 715 |
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths. In May 2016, an additional exploration asset was acquired when the company entered into arrangements to take up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK.