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Strategic Minerals Plc

An international mining exploration and development company

Strategic Minerals plc (AIM: SML; USOTC: SMCDF) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.

workers

Leigh Creek Copper Mine

equipment

Cobre Magnetite Stockpile

equipment

Redmoor Tin Tungsten

Listed on the AIM market of the London Stock Exchange, Strategic Minerals’ primary objective is to utilise cash flow from existing operations in the USA to accelerate development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK with world-class potential.

Company Overview

The Company is currently undertaking three major areas of operation.

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Cornwall Resources Limited

(Redmoor)
Cornwall, United Kingdom

Resource:
Amount:

​

Cash Cost:
Phase:
Exploration:

Tungsten/Tin/Copper
JORC Inferred: 11.7Mt @
1.17% Tin Equivalent
Less than £25 a tonne
Brownfields Development
Progressing to Pre-Feasibility

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Southern Minerals Group

(Cobre)
New Mexico, United States of America

Resource:
Tonnes:
Phase:
Sales Target:
Cash Flow:

Magnetite Ore
700,000 (stockpile)
Production/processing
48,000 tonnes p.a.
Circa US$1.25m post tax

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Leigh Creek Copper Mine

(LCCM)
North Flinders Ranges, South Australia

Resource:
Phase:
Resource:
Price paid:
Cash flow:
Off take:

Copper Oxide
Pre production
JORC Indicated 24,205 tonnes
Low, less than US$100/t
Expected 2021
In place up to 300t p/m

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Strategy

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We aim to grow the company’s value and share price by leveraging core cash flows from producing assets to develop resources projects that relate to metals expected to increase in demand and price.

Our primary objective is to utilise cash flow from existing operations in the USA (Cobre) to accelerate development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK with world-class potential.

Operating Strategy - Self sufficient

As an operator of a magnetite tailings business in the US, the company, unlike many of its peers, has underlying cash flow. The Board has committed to ensuring that corporate overheads required for a listed company are maintained within this cash flow and that any new sources of funding are utilised to progress value accretive projects.

Investment Strategy– Three factor approach

The company has an investment strategy aimed at adding shareholder value through investment in:

  • Metal projects that are expected to benefit from significant demand and associated price increases (such as tungsten, tin and copper).

  • Projects that will develop additional income streams (short and medium term: Leigh Creek Copper Mine; longer term: Redmoor Tungsten Tin Copper Mine) that will diversify dependency on the company’s magnetite tailings business.

  • Critical Resources recognised as strategically important (such as tungsten).

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