Strategic Minerals PLC Statement re share price movement (1458M)
11 October 2016 - 12:29AM
UK Regulatory
TIDMSML
RNS Number : 1458M
Strategic Minerals PLC
10 October 2016
10 October 2016
Strategic Minerals Plc
("Strategic Minerals", the "Group" or the "Company")
Statement re share price movement
The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY) has
noted the recent rise in the Company's share price and can confirm
that there is nothing further to update since the release of the
interim results for the six months ended 30 June 2016, on 29
September 2016.
For further information, please contact:
Strategic Minerals plc
John Peters
Managing Director +61 414 727 965
Allenby Capital Limited
Nominated Adviser and Broker
John Depasquale/Jeremy Porter/James
Reeve +44 (0)20 3328 5656
Yellow Jersey PR
Financial PR
Dominic Barretto +44 (0)776 853 7739
Notes to Editors:
Strategic Minerals Plc is an AIM-quoted, diversified mineral
development and production company with projects in the United
States of America, the United Kingdom and Australia. The Company is
focused on acquiring and developing cash generative, high quality
projects which meet local market demand for commodities and
utilising this cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash
generating asset, the Cobre magnetite tailings dam project in New
Mexico, USA, which it brought into production in 2012 and which
continues to provide a revenue stream for the Company. The
portfolio was expanded in January 2016 with the acquisition of
shares in Central Australian Rare Earths Pty Ltd, which holds
tenements in Western Australia and the Northern Territory that are
prospective for nickel sulphides, platinum and rare earths.
Strategic Minerals has completed drill-testing the highest priority
nickel sulphide targets within the tenements and has successfully
intersected nickel sulphide and platinum. In May 2016, the Company
entered arrangements to buy up to 50% of the Redmoor tin/tungsten
exploration project in Cornwall, UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 10, 2016 09:29 ET (13:29 GMT)