SML.L

Strategic Minerals Plc
Strategic Minerals - Result of AGM
18th July 2023, 14:28
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RNS Number : 4159G
Strategic Minerals PLC
18 July 2023
 

 

18 July 2023

Strategic Minerals plc

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

Result of AGM

 

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), is pleased to announce that at the Annual General Meeting held earlier today all resolutions put to shareholders were duly passed.

The Proxy votes were cast as follows:

Resolution

For

%

Against

%

Withheld

Total Cast

1

294,366,257

96%

10,798,669

4%

2,285,000

307,449,926

2

247,176,759

80%

60,143,390

20%

129,777

307,449,926

3

301,156,431

98%

3,898,718

1%

2,394,777

307,449,926

4

163,679,855

53%

41,243,880

13%

102,526,191

307,449,926

5

256,938,536

84%

45,261,390

15%

5,250,000

307,449,926

6

258,538,536

84%

43,661,390

14%

5,250,000

307,449,926

 

For further information, please contact:

 



Strategic Minerals plc

+61 (0) 414 727 965

John Peters


Managing Director


Website:

www.strategicminerals.net

Email:

info@strategicminerals.net

 

 

 


Follow Strategic Minerals on:


Vox Markets:

https://www.voxmarkets.co.uk/company/SML/

Twitter:

@SML_Minerals

LinkedIn:

https://www.linkedin.com/company/strategic-minerals-plc



 

SP Angel Corporate Finance LLP

 

+44 (0) 20 3470 0470

Nominated Adviser and Broker


Matthew Johnson


Charlie Bouverat





 

Notes to Editors

Strategic Minerals plc is an AIM-quoted, operating minerals company actively developing projects tailored to materials expected to benefit from strong demand in the future. It has an operation in the United States of America along with development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals likely to be highly demanded in the future.

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects aimed at supplying the metals and minerals likely to be highly demanded in the future.

In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. This was followed in 2018 with a 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin/Tungsten project which was settled on 24 July 2019 by way of a vendor loan which was fully repaid on 26 September 2020.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and brought the project temporarily into production in April 2019. In July 2021, the project was granted a conditional approval by the South Australian Government for a Program for Environmental Protection and Rehabilitation (PEPR) in relation to mining of its Paltridge North deposit and processing at the Mountain of Light installation. In late September 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved.  

 

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