REG - Strategic Minerals - Result of AGM

Strategic MineralsAnnouncement

15/07/2025 16:00

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RNS Number : 1737R  Strategic Minerals PLC  15 July 2025

15 July 2025

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Result of AGM

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), an international mineral
exploration and production company, announces that the Company's Annual
General Meeting (the "AGM") was held earlier today. A poll was held on each of
the resolutions proposed. All resolutions put to the meeting were duly passed
at the AGM and the results of the poll are set out below.

     Ordinary Resolution                                                              For          Against    Withheld
 1.  To receive and adopt the Company's financial statements for the year ended 31    438,120,703  867,703    60,600
     December 2024
 2.  To confirm the re-appointment of Mr Charles Manners as a director                438,140,703  867,703    40,600
 3.  To confirm the re-appointment of Mr Mark Burnett as a director                   438,140,703  867,703    40,600
 4.  To confirm the re-appointment of Mr Philip Haydn-Slater as a director            438,140,703  867,703    40,600
 5.  To reappoint Moore Kingston Smith LLP as auditors of the Company and to          437,870,010  1,137,429  41,567
     authorise the directors of the Company to determine their remuneration
 6.  To authorise the directors to allot shares under section 551 of the Companies    437,205,481  1,555,316  288,209
     Act 2006 up to an aggregate nominal amount of £469,859.59 as described in the
     Notice of AGM
     Special Resolution
 7.  To give the directors authority to disapply pre-emption provisions to enable     437,452,123  1,555,316  41,567
     the directors in certain circumstances to allot ordinary shares for cash other
     than on a pre-emptive basis as described in the Notice of AGM
 8.  That a general meeting of the Company, other than an annual general meeting,     437,686,683  1,321,723  40,600
     may be called on not less than 14 clear days' notice

 

Notes:

1.     The "For" Proxy vote includes those giving the Chair of the AGM
discretion

2.     A vote "Withheld" is not a vote in law and is not included in the
proxy votes "For" or "Against" the resolution

 

The full text of the resolutions can be found in the Notice of Annual General
Meeting, which is available on the Company's website at:
https://www.strategicminerals.net/reports-and-circulars
(https://www.strategicminerals.net/reports-and-circulars)

 

 For further information, please contact:

 Strategic Minerals plc                                                   +44 (0) 207 389 7067
 Mark Burnett
 Executive Director
 Website:                 www.strategicminerals.net (http://www.strategicminerals.net)
 Email:                   info@strategicminerals.net (mailto:info@strategicminerals.net)

 Follow Strategic Minerals on:
 X:                       @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/Grant Barker

 Zeus Capital Limited                                                     +44 (0) 203 829 5000
 Joint Broker
 Harry Ansell/Katy Mitchell

 Vigo Consulting                                                          +44 (0) 207 390 0234
 Investor Relations
 Ben Simons/Peter Jacob/Anna Sutton
 Email:                   strategicminerals@vigoconsulting.com
                          (mailto:strategicminerals@vigoconsulting.com)

 

Notes to Editors

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

In 2019, the Company completed the 100% acquisition of Cornwall Resources
Limited and the Redmoor Tungsten-Tin-Copper Project.

The Redmoor Project is situated within the historically significant Tamar
Valley Mining District in Cornwall, United Kingdom, with a JORC (2012)
Compliant Inferred Mineral Resource Estimate published 14 February 2019:

 Cut-off (SnEq%)          Tonnage (Mt)  WO(3)  Sn    Cu    Sn Eq(1)  WO(3) Eq

                                        %      %     %     %         %
 >0.45 <0.65              1.50          0.18   0.21  0.30  0.58      0.41
 >0.65                    10.20         0.62   0.16  0.53  1.26      0.88
 Total Inferred Resource  11.70         0.56   0.16  0.50  1.17      0.82

 

(1) Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu%
x 0.40. WO(3)(EQ)% = Sn% x 0.7 + WO(3) + Cu% x 0.28. Commodity price
assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery
assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu
recovery 85% and payability assumptions of 81%, 90% and 90% respectively

More information on Cornwall Resources can be found at:
https://www.cornwallresources.com (https://www.cornwallresources.com)

In September 2011, Strategic Minerals acquired the distribution rights to the
Cobre magnetite project in New Mexico, USA, through its wholly owned
subsidiary Southern Minerals Group. Cobre has been in production since 2012
and continues to provide a sustainable revenue stream for the Company.

In March 2018, the Company acquired the Leigh Creek Copper Mine situated in
the copper rich belt of South Australia. The Company has entered into an
exclusive Call Option with Axis Mining & Minerals Pty Ltd to acquire 100%
of the project.

 

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