Strategic Minerals Regulatory News (SML)

31 May 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company" or "SML")

Posting of 2016 Annual Report and Accounts and Notice of AGM

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development a company, announces that printed copies of its Annual Report for the year ended 31 December 2016 were distributed today to shareholders together with the Notice of Annual General Meeting. An electronic copy of the Annual Report for the year ended 31 December 2016 and the Notice of Annual General Meeting are available from the Company's website at http://www.strategicminerals.net.

The Company's Annual General Meeting will be held at 11:30 am on 29 June 2016 at the offices of BDO UK at 55 Baker Street, London, W1U 7EU.

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK 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 cobalt, gold, nickel sulphides and rare earths. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.