REG - Strategic Minerals - Result of AGM

Strategic MineralsAnnouncement

18/07/2023 15:30

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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 (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 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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