RNS Number: 3284 U Strategic Minerals PLC 28 July 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.. Strategic Minerals plc, a diversified mineral production and development...

RNS Number: 8838 S Strategic Minerals PLC 14 July 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...

Strategic Minerals* (#SML LN) 0.45p, Mkt Cap £7.8m – Debt free after repaying NAE Strategic Minerals reported yesterday that it has repaid A$1.8m plus accrued interest of approximately A$22,500 to redeem loans due to New Age Exploration. Redemption of the loan leave Strategic Minerals debt-free. Commenting on the repayment, Managing Director, John Peters, said that ʺThe repayment of the NAE loan removes overhang issues for the Company and places it in a comfortable position from which to pursue potential joint venture partners for the commencement of production at its Leigh Creek Copper Mine project and to progress the Redmoor Project." Conclusion: Strategic Minerals has cleaned up its balance sheet and is now debt free as it moves forward to becoming fully operational at Leigh Creek by the end of 2020. *SP Angel acts as Nomad and Broker to Strategic Minerals

RNS Number: 0739 R Strategic Minerals PLC 25 June 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.. It has an operation in the United States of America and Australia along with...

Strategic Minerals* (#SML LN) 0.43p, Mkt Cap £7.8m – 2019 financial results Strategic Minerals reports that it recorded a loss of $0.845m for the year to 31st December 2019 (2018 – loss of $1.933m). The result includes an impairment charge of $1.122m relating to Central Australian Rare Earths (CARE) and the company points out that ʺExclusion of this non-cash write off would result in a 2019 pre-tax operating profit of $0.277m (2018: pre-tax loss of $0.229m after excluding the non-cash recognition of the bargain LCCM purchase).ʺ The company reports a year end cash balance amounting to $0.519m and also reports on the progress of its operations during 2019. The Cobre magnetite operation in New Mexico continued to operate profitably with sales of approximately 42,500 tons of material realising revenues of approximately $2.5m. The operator at Cobre, wholly owned Southern Minerals Group, ʺhas now absorbed its previous tax losses and has become a tax paying entityʺ incurring a tax expense of $0.385m. Subsequent to the year end, as previously reported, arbitrators awarded Southern Minerals approximately US$21.9m in costs and damages in its long running dispute with a major customer, now in receivership and Strategic Minerals has previously cautioned that the outcome remains uncertain. At the Leigh Creek Copper project in South Australia, where in early May 2019 the company was able to announce its first sale of copper product ʺHowever, due to the high cost of production and the poor yield from previously utilised heaps, production only continued for a few months. Since that time the Company has focussed on obtaining the approvals and funding required to take the project into production by the end of 2020 … which should, subject to finance, see full operations at Leigh Creek before the end of 2020ʺ. Strategic Minerals moved to full ownership of the Redmoor tin/tungsten project in Cornwall via the acquisition of New Age Exploration’s share of the joint venture vehicle, Cornwall Resources. During 2020, Cornwall Resources’ team has maintained and developed local relationships and awareness of the project’s merits and is assessing ʺa limited exploration drilling programme aimed at testing the potential to expand the significant resource already developedʺ which currently amount to an inferred estimate of 11.7mt at an average grade of 0.56% tungsten, 0.16% tin and 0.50% copper. In order to conserve resources and focus on its other projects, Strategic Minerals has minimised expenditure on the CARE project and fully impaired the balance sheet value of the project. The company ʺconsiders that there may still be substantial value in these tenements but acknowledges that it may take time to realise this value.ʺ Conclusion: Strategic Minerals weathered a ʺchallengingʺ year in 2019 which saw impairment of the CARE tenements but is moving ahead with the Leigh Creek copper project where it expects to see the resumption of operations by the end of 2020. Plans are under consideration for additional resource expansion drilling at Redmoor and profitable operations at Cobre continue to provide cashflow to underpin group operations.

·Group 2019 before tax loss was $0.845 m, and generated a marginal operating cash deficit of $0.013 m.. ·Impairment of $1.122 m was made in relation to Central Australian Rare Earths Pty Ltd. ·Before tax profits for 2019 also include a non-cash share based payment expense of $0.275 m and after excluding this and both the CARE impairment and the bargain LCCM purchase...

Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, announces that following the filing of a legal claim against the former Cobre client in court in the USA, CV Investments LLC has been named as the major client whom the Company's wholly owned subsidiary, Southern Minerals Group, was recently...

This brings the total amount raised by the Company under the Placing and Broker Option to £1,200,000 before expenses.. Once issued, the Offer Shares will rank pari passu with the Company's existing Ordinary Shares of 0.1 pence each.. Following Admission, the enlarged issued share capital of the Company will comprise 1,734,297,949 Ordinary Shares of 0.1 pence...

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$21.9 m Arbitration Decision Granted. Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that, further to its announcement of 2 March 2020, the appointed arbitrator has awarded its wholly owned subsidiary, Southern Minerals Group, US $21,929,259 in damages and costs,...

Strategic Minerals Plc (SML.L) Announced that the company's wholly owned subsidiary, Leigh Creek Copper Mine Pty Ltd (LCCM or Leigh Creek) has today lodged a draft program for environment protection and rehabilitation (PEPR) with the South Australian government. The lodgement of the draft PEPR is an important step to full re- opening of operations and producing copper at Leigh Creek. The general regulatory process for a licence to operate is for companies to lodge a draft proposal which is circulated to relevant departments within the South Australian state government. This process normally takes around two months and feedback is then addressed/incorporated into a final PEPR lodgement. Generally, the process takes around three to four months from lodgement of the draft PEPR to the granting of the approval. #SML

Strategic Minerals* (#SML LN) 0.55p, Mkt Cap £8.1m – Draft environmental programme submitted for Leigh Creek Strategic Minerals reports that it has now lodged a draft programme for environmental protection and rehabilitation at its Leigh Creek (LCCM) copper project site with the South Australian regulators. Strategic Minerals is working to re-start copper production at Leigh Creek and the company explains that the procedure for ʺa licence to operate is for companies to lodge a draft proposal which is circulated to relevant departments within the South Australian state government. This process normally takes around two months and feedback is then addressed/incorporated into a final PEPR lodgement. Generally, the process takes around three to four months from lodgement of the draft PEPR to the granting of the approval.ʺ The production of a copper cement product at Leigh Creek has been identified as a second revenue stream for the company which currently operates a magnetite tailings business at Cobre in New Mexico. The company cautions that it is uncertain about the impact of restrictions relating to the containment of Covid19 on the timing of the environmental approval for Leigh Creek but Managing Director, John Peters, explained that ʺWhilst the Leigh Creek project is taking longer to progress than anticipated, the Board considers that LCCM … is a key asset within its portfolio. The continued strength of the Cobre operation, which the board expects to produce circa US$3m in sales and US$1.5m in after tax cash in 2020, provides the Company adequate scope to locate and execute with a joint venture partner. Again, this emphasises that, subject to financing, a second income stream for the Group is relatively at hand." Conclusion: The permitting of Leigh Creek is an important element in Strategic Minerals’ plan to develop a second source of income and although Covid19 control measures introduce uncertainty over timing, the submission of the draft environmental plan moves the process ahead by providing the regulatory authorities in South Australia the opportunity to consider the merits of the development plan. *SP Angel acts as Nomad and Broker to Strategic Minerals