REG - Strategic Minerals - Confirmation of Board Appointments

Strategic MineralsAnnouncement

30/08/2024 07:00

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RNS Number : 2078C  Strategic Minerals PLC  30 August 2024

 
 

30 August 2024

 

Strategic Minerals plc

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

Confirmation of Board Changes

 

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company,
is pleased to update shareholders that further to its announcement of 19
August 2024, both Mr Charles Manners and Mr Mark Burnett will join the Board
of SML effective 1 September 2024. Further, it is intended that Mr Charles
Manners will be elected Chairman at the next Company Board meeting to be held
in the first half of September 2024.

 

John Peters, Managing Director of Strategic Minerals Plc, said:

"We look forward to working with both Mark and Charles and the diversity and
insights these seasoned investors will bring to the Board."

 

The following information is disclosed pursuant to Schedule Two, paragraph (g)
of the AIM Rules for Companies.

Mr Charles Patrick Ralph Sandys Manners, aged 60, currently holds or has held
the following directorships and partnerships in the last five years:

 

 Current Directorships / Partnerships  Former Directorships / Partnerships within the last 5 years
 The Campden Charities Trustee         RC Redland LLP

 The Campden Charities

 CSJ Student Housing LLP

 Off campus Properties Limited

 RC Clapham LLP

 RC Clapham Debt LLP

 

Mr Manners is the beneficial holder of 97,353,191 ordinary shares of 0.1 pence
each in the Company.

 

Mr Mark Robert Burnett, aged 36, currently holds or has held the following
directorships and partnerships in the last five years:

 

 Current Directorships / Partnerships  Former Directorships / Partnerships within the last 5 years
 Guardian Metal Resources Plc          Kinnerton Street Limited

 Giyani Metals Corporation

 

Mr Burnett does not hold any ordinary shares of 0.1 pence each in the Company.
Mr Burnett represents Mr Philip Richards who holds 81,000,000 ordinary shares
of 0.1 pence each in the Company.

 

 For further information, please contact:

 Strategic Minerals plc                                   +61 (0) 414 727 965
 John Peters
 Interim Chairman
 Website:               www.strategicminerals.net (http://www.strategicminerals.net/)
 Email:                 info@strategicminerals.net (mailto:info@strategicminerals.net)

 Follow Strategic Minerals on:
 Vox Markets:           https://www.voxmarkets.co.uk/company/SML/
                        (https://www.voxmarkets.co.uk/company/SML/)
 Twitter:               @SML_Minerals (https://twitter.com/SML_Minerals)
 LinkedIn:              https://www.linkedin.com/company/strategic-minerals-plc
                        (https://www.linkedin.com/company/strategic-minerals-plc)

 

 SP Angel Corporate Finance LLP      +44 (0) 20 3I470 0470
 Nominated Adviser and Broker
 Matthew Johnson
 Ewan Leggat
 Charlie Bouverat

 

Notes to Editors

Strategic Minerals
plc:
                              https://www.strategicminerals.net
(https://www.strategicminerals.net/)

Strategic Minerals plc is an AIM-quoted, profitable 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.

Since June 2020, the Company has been a 100% owner of Cornwall Resources
Limited (CRL) having been involved in the project since early 2016. CRL is
the developer of the Redmoor Tin/Tungsten project in Cornwall, UK. Exploration
drilling programs were undertaken in 2017 & 2018 resulting in subsequent
upgraded resource definitions & a scoping study in 2020. In April 2024,
CRL gained access to substantial additional exploration rights in the
prospective Tamar Valley area, quadrupling its overall mineral rights
footprint.

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 June 2022, an updated PEPR,
addressing the conditions associated with the July 2021 approval, was
approved.

 

 

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