Strategic Minerals* #SML 0.45p, Mkt Cap £6.6m – Experiencing little impact from Covid19 Strategic Minerals reports that it is ʺfortunate that the current crisis has had little effect on the Company." The company explains that not only is the movement of magnetite material from it its Cobre magnetite operation in New Mexico ʺconsidered an essential service and, as such, operations associated with it are exempt from conditions required during the partial lockdownʺ it also has only 4 employees on site and hence falls below the minimum threshold of 5 employees covered by the State’s ʺpartial lockdown in response to the threat of Covid-19.ʺ Strategic Minerals’ Managing Director, John Peters, explained that ʺOperations at Cobre in the first quarter of 2020 have continued in line with historical seasonal patterns and sales volumes have been in line with expectations.ʺ Turning to the company’s Australian business, Mr. Peters went on to explain that ʺ Whilst the progress of Leigh Creek's application to the South Australian government for a program for environment protection and rehabilitation is likely to be slowed, the fundamentals of the Company remain unchanged with tight cash control and continuing low overheads being combined with sustained revenues from Cobre.ʺ Conclusion: Strategic Minerals is escaping many of the Covid19 induced difficulties experienced by other companies as a result of the scale of its operations in New Mexico where as a mineral business it is exempt from restrictions under a partial lockdown. In Australia, environmental permitting of Leigh Creek is likely to be slower than originally expected. *SP Angel acts as Nomad and Broker to Strategic Minerals

RNS Number: 2163 I Strategic Minerals PLC 31 March 2020 Market Abuse Regulation Disclosure. Cobre Operations Uninterrupted By Partial Lockdown in New Mexico, USA. Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, wishes to confirm that operations at the Cobre magnetite stockpile have been...

Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, has been informed that, John Peters, Managing Director, acquired today a total of 3,464,286 ordinary shares of 0.1 pence each in the Company at an aggregated price of 0.5348 pence per Ordinary Share.. It has an operation in the United States of...

Strategic Minerals* #SML 0.525p, Mkt Cap £7.7m –Cobre rolls over magnetite access for 8th year Strategic Minerals reports that access to the 700,000t magnetite stockpile at Cobre, New Mexico has been rolled over for a further, eighth successive, year. Following a corporate review during the December 2019 quarter which led to a 20-25% reduction in corporate overheads, the post-tax operational cashflow from Cobre sales “is now materially higher than corporate overheads” which should, in our opinion, provide the company with the flexibility to maintain its operations at current levels without recourse to shareholders. The company has also provided a progress report and a detailed timetable for the arbitration on its dispute with its major customer at Cobre. The company expects to receive a “reasoned decision” from the Arbitrator by 30th May 2020 at the latest and will then submit “a claim for in excess of US$ 21 million”. Strategic Minerals explains that, following a favourable arbitration decision its wholly owned Southern Minerals Group (SMG) “will still have to apply to the courts for enforcement of payment, and the Board expects such court decision would be in favour of the Company. Payment would then be subject to the Cobre client’s financial capacity to meet the claim.“ The company has also summarised its progress with its other projects principally the Leigh Creek copper project and Cornwall Resources’ Redmoor tin/tungsten project. At Leigh Creek, where the company is working to restart production of copper cement from a permitted site in South Australia, the company explains that the authorities require “an approved program for environment protection and rehabilitation (PEPR) to be in place prior to the commencement” of new mining activity. Outlining the timetable the company expects to submit a draft PEPR by the end of March 2020 in anticipation of receiving approval during the “late June quarter/early September quarter”. The company expects that it will then require “approximately two months to establish suitable leach pads, source processing plant equipment and a mining mobile fleet, followed by up to a further three months until revenue commences”. Strategic Minerals explains that although current copper prices are below the level of US$3/lb used in its feasibility work, Leigh Creek “is still attractive at current market prices, … … market forecasts continue to predict a much higher copper price, especially given that China is likely to restock as their economy heals from the economic shock caused by the Covid 19 virus.” The company takes the view that the “start up and working capital …is best sourced at the project level by either debt, trade related financing, joint venture with suitable parties or a combination of these” and confirms that “the Board’s intention is not to fund the route to production at LCCM by a capital raise at the parent level, given this would likely result in significant dilution were it to occur given the Company’s current low valuation. Fundraising at the parent company level is not an attractive option for the Company or its shareholders at this time”. Funding of the company’s payments to New Age Exploration for the acquisition of its 50% share of Cornwall Resources remains on course and is being assisted “by R & D tax credit refunds received to date, which have also funded ongoing operations”. Cornwall Resources’ operations at Redmoor remain at a modest level focussing on “building awareness of the project, building/maintaining relationships with stakeholders (including landowners) and generating strategies to obtain the greatest value for the Company’s investment” although “An option to complete a limited exploration drilling program aimed at testing the potential to expand the significant resource already developed is being assessed.” The company says that its Central Australian Rare Earths (CARE) project has “curtailed expenditure” in the light of the cash requirements of Leigh Creek and Redmoor and that this situation is expected to prevail “throughout 2020”. Commenting, Managing Director, John Peters, explained that, although it “has necessarily slowed, both changes in market conditions and a cautious approach by the Board” Strategic Minerals is continuing to progress its projects. Referring to the arbitration at Cobre Mr. Peters said that “We are encouraged to see the Arbitration process move forward at minimal cost, and remain of the opinion that we have a strong claim in respect of the contract value in excess of US$21 million, although we remain cautious on the ultimate outcome.” Conclusion: Strategic Minerals has explained that continuing access to Cobre cashflow following the roll-over of SMG’s access rights more than covers its corporate overheads while prudent financial management of its Leigh Creek, Redmoor and CARE operations should assist cash conservation during trying market conditions. The company has also confirmed that it does not currently envisage the need for fundraising. A successful outcome to the arbitration and settlement of its claim with its main client at Cobre could provide a potential windfall but the company does not appear be taking that for granted. *SP Angel acts as Nomad and Broker to Strategic Minerals

Strategic Minerals Plc #SML Announced, in its latest company update that continuity of revenue stream confirmed through 8th yearly roll over of access to Cobre stockpile. Moreover, US Arbitrator agrees to providing a decision on claim against Cobre major client by 30 May 2020, while Leigh Creek Copper Mine (LCCM) PEPR (approved program for environment protection and rehabilitation) to be submitted end March 2020. Additionally, repayments on NAE loan continue to be made in line with existing arrangements. On the other hand, corporate overheads reduced in last quarter 2019 by circa 20-25%.

RNS Number: 4871 E Strategic Minerals PLC 02 March 2020 Market Abuse Regulation Disclosure. Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation No 596/ 2014 until the release of this announcement.. Cobre Access Rollover Confirmed Update on Projects.

RNS Number: 6543 Z Strategic Minerals PLC 14 January 2020 Market Abuse Regulation Disclosure. Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, is pleased to provide the following update on the Company's cash position and ore sales at the Cobre magnetite operation in New Mexico, USA for the...

£248,155 R&D rebate received from HMRC by Cornwall Resources Ltd. Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that it has received a rebate of £248,155 from Her Majesty's Revenue and Customs in relation to research and development tax relief claims in...

·US $30 m combined pre-tax cash surplus from Paltridge North, Lynda and Lorna Doone. ·The feasibility study on the first element, Paltridge North, undertaken by Mining One and other internal consultants, indicates a cash surplus going forward, of US $6.4 m. ·Updated internal feasibility of the second stage development of Lynda and Lorna Doone indicates a cash...

RNS Number: 2552 U Strategic Minerals PLC 21 November 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

RNS Number: 2545 U Strategic Minerals PLC 21 November 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

Strategic Minerals* (SML LN) 0.75p, Mkt Cap £11m – Resumption of regular sales at Cobre magnetite in the US Strategic Minerals reports the resumption of regular demand from existing Cobre clients sales at it’s Cobre magnetite operation in New Mexico through the last quarter to end-September. This does not include the major client where Strategic Minerals is pursuing a claim with arbitration now scheduled. Q3 sales were 26.3% higher yoy. Cash rose to US$765,000m at end-September from US$319.000m at end-June forcing management to slow expenditure and conserve cash while the company pursues its arbitration in the US. September sales also include the forfeiture of US$375,000, relating to deposits from the major Cobre client bringing the total deposits forfeited to US$750,000 for the year. Management are growing sales in the absence of the major client as seen in the Q3 sales recovery. Cobre magnetite: sales recovered to US$1.130m in Q3 vs US$0.598 yoy and to US$3,158 for FY 2019 vs US$4.856 for 2018 and US$4.032 for 2017. Leigh Creek: project received A$269,564 as a research grant and reimbursement of expenditure. The company produced and sold an initial consignment of copper cement and is working to bring the mine back into full scale production in late 2019 / early in 2020/ Redmoor scoping study: outlines a potential 600tpd underground mine with a ten year mine life. Capital costs estimated at US$89m are expected to generate an NPV8% of US$94m and IRR of 19.4% using prices of US$22,000/tonne for tin, US$330/mtu for tungsten trioxide and US$3.18/lb for copper. Conclusion: Management continue to advance the future of Leigh Creek copper production and are stepping forward with full ownership of the Redmoor tin, tungsten, copper, project in Cornwall. While the setback at the Cobre magnetite operation in the US has slowed progress cash reserves are recovering and the company should continue to add value on each of its three key fronts. *SP Angel acts as Nomad and Broker to Strategic Minerals

RNS Number: 9934 P Strategic Minerals PLC 16 October 2019 Market Abuse Regulation Disclosure. Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, is pleased to provide the following update on the Company's cash position and ore sales at the Cobre magnetite operation in New Mexico, USA for the...