Strategic Minerals Plc (SML.L) Announced that its Leigh Creek Copper Mine (LCCM) operations have recommenced copper production at the Mountain of Light processing facility and has, as a result of drilling, upgraded the estimated JORC copper resource at Paltridge North by 46% to 10,800 copper metal tonnes. The recommencement of production has been achieved with the completion of the plant refurbishment and the trial reactivation of the existing processing plant and heap leach pads. The company announced in its update on ore sales at the Company's Cobre magnetite operations in New Mexico, USA for the three months to 31 March 2019 and to inform the market of cash available at the end of the quarter, that US$206,000 of cash generated by Cobre in the quarter and routine client plant maintenance resulted in reduced quarterly sales as well as drone survey indicates stockpile inventory of 711,000 tons. The company added that major Cobre client currently overdue with latest payment and group cash balance of US$1.240 million as at 31 March 2019 as well as US$535,000 re-invested into the company's projects during the quarter.
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