Strategic Minerals Plc (SML.L) Announced, in its interim results for the six months to 30 June 2020, that revenues rose to $1.6 million from $1.0 million recorded in the same period a year ago. Loss after tax narrowed to $0.3 million from $1.2 million. No dividend is proposed for the period. #SML

Strategic Minerals* (#SML LN) 0.43p, Mkt Cap £7.4m – Reports H1 profit as Leigh Creek moves ahead and Cobre masters Covid19 challenges Strategic Minerals reports both a pre and post-tax profit for the six months to 30th June 2020 reversing losses for the first six months of 2019. Pre-tax profit amounted to US$261,000 (H1 2019 loss – US$1.03m) while after tax profit is US$77,000 (H1 2019 loss – US$1.18m). Strategic Minerals reports a 30th June cash balance of US$533,000 (31st December 2019 – US$519,000). It is particularly encouraging to heat that “Overhead expenses reduced 25% across all aspects of the Company's corporate operations compared to the same period last year”. At the Cobre operation in New Mexico, operations continued despite the constraints of Covid19 containment measures and the cessation of sales to CV Investments, now in administration, to deliver underlying sales growth of 18% compared to last year. “Excluding CV Investments income and US$47,000 Covid-19 related assistance received from the US government, Gross Profit increased 68% on the same period last year”. Cobre has also secured continued access to the magnetite stockpiles for the 8th time. As previously reported, arbitrators awarded a US$21.9m settlement against CV Investments and in favour of Cobre’s operator, Southern Minerals Group although as Strategic Minerals has cautioned in the past and Chairman, Alan Broome confirms in today’s announcement “whether the Company will receive any funds from this claim will be dependent on the outcome of the receivership of CV Investments”. Today’s announcement reiterates that the company’s long term strategic focus remains on the development of the Leigh Creek Copper project in South Australia and of the Redmoor tin/tungsten project in Cornwall. At Leigh Creek, the submission of the Programme for Environmental Protection and Rehabilitation (PEPR) and the completion of feasibility studies has “moved the project along to the point where it currently awaits the final sign off of the formal PEPR and financing to commence operations”. Mr. Broome comments on the recent strength of copper prices which have “improved the project's forecasted profitability and … leaves] … the Board …confident that 2021 will see full scale production re-commence at Leigh Creek”. Acquisition of the balance of the Redmoor project is now complete and “It is expected that an expressions of interest program to identify future joint venture partners for the project will be concluded by the end of the year and that the significant work undertaken to date in identifying the size and potential of the Redmoor resource will be recognised and rewarded”. Mr. Broome commended the company’s staff, management and advisors “for their support and hard work on our behalf during the period … … to further progressing our key strategic goals in 2020 and pushing onto a brighter 2021”. Conclusion: Despite the considerable challenges of the Coronavirus pandemic, Strategic Minerals has remained profitable during H1 2020 with rising sales from its magnetite operations at Cobre, reduced corporate overheads and further progress on its two main development projects at Leigh Creek, where it expects to resume full scale production during 2021, and at Redmoor. *SP Angel acts as Nomad and Broker to Strategic Minerals

·Interim six-month pre-tax profit of US $261,000 reflecting strong sales in the first half of the year at Cobre operations, reduced overheads and a reduction in impairment charges.. ·After tax profit for the interim six months to 30 June 2020 of US $77,000.. Excluding CV Investments income and US $47,000 Covid-19 related assistance received from the US...

Strategic Minerals* (#SML LN) 0.43p, Mkt Cap £7.4m – Confirmation of Leigh Creek environmental submission Strategic Minerals confirms that, in line with its previously announced plan, it has now submitted its Programme for Environmental Protection and Rehabilitation (PEPR) for the Paltridge North deposit at its Leigh Creek Copper Project with the relevant authorities in South Australia. The company comments that “Given the level of detail reviewed in the draft submission and the encouragement received to date by the South Australian government, the Company feels confident that an approval will be forthcoming before the year end, paving the way for full scale operations to commence in 2021, subject to finance”. Strategic Minerals also says that a review and update of the likely capital cost to develop the Lynda/Lorna Doone deposits, located approximately 70km north of Paltridge North, is underway conducted by “PPM Global, who have operated the Mountain of Light plant for both the Company and the previous owners, Phoenix Copper”. The announcement reconfirms that the “proposed funding of the development of Lynda/Lorna Doone is intended to be sourced out of project cash flows from the LCCM mine subject to the recommencement of production”. Strategic Minerals also draws attention to the current copper price levels and points out that “with many of the market commentators indicating further upward pressure on prices, the Project's anticipated economics have become more robust”. Managing Director, John Peters underlined the company’s commitment to develop a second income stream in order to build “long term wealth within the Company” and explained that submitting the PEPR “and the strong recovery in copper prices increases the likelihood that 2021 will see the full-scale re-commencement of operations at Leigh Creek”. Conclusion: Submission of the PEPR provides a reasonable expectation of formal approval by the end of 2020 and a resumption of full scale operations during 2021. A review of capital development costs for the Lynda and Lorna Doone deposits currently underway should help to reduce project development risks further while the current robust copper price environment should benefit overall project economics. We look forward to further details on these economic aspects by the end of September. *SP Angel acts as Nomad and Broker to Strategic Minerals

RNS Number: 5958 Y Strategic Minerals PLC 10 September 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.. Leigh Creek Copper Mine Program for Environment Protection and...

RNS Number: 6532 X Strategic Minerals PLC 01 September 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.. Leigh Creek Copper Mine Project Update.

RNS Number: 8743 W Strategic Minerals PLC 24 August 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.. SML has appointed London- based Natural Resources Global Capital Partners...

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...