Proactiveinvestors Australia Strategic Minerals PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Strategic Minerals PLC RSS feed en Fri, 21 Jun 2019 03:18:48 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190619091732_14116525/ Wed, 19 Jun 2019 18:17:32 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190619091732_14116525/ <![CDATA[RNS press release - Cobre Client Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190610070004_14103988/ Mon, 10 Jun 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190610070004_14103988/ <![CDATA[RNS press release - Redmoor Acquisition Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190529080001_14090386/ Wed, 29 May 2019 17:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190529080001_14090386/ <![CDATA[RNS press release - Cobre Client Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190524072709_14086495/ Fri, 24 May 2019 16:27:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190524072709_14086495/ <![CDATA[RNS press release - Updated Redmoor Scoping Study ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190516070003_14075808/ Thu, 16 May 2019 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190516070003_14075808/ <![CDATA[RNS press release - Financial Results for Year Ended 31 December 2018 ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190514070009_14072436/ Tue, 14 May 2019 16:00:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190514070009_14072436/ <![CDATA[RNS press release - Binding Contracts Signed on Redmoor Acquisition ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190513070007_14070684/ Mon, 13 May 2019 16:00:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190513070007_14070684/ <![CDATA[RNS press release - Sales Commence at Leigh Creek Copper Mine ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190503070002_14061749/ Fri, 03 May 2019 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190503070002_14061749/ <![CDATA[RNS press release - Leigh Creek Production and Resource Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190411070014_14036873/ Thu, 11 Apr 2019 16:00:14 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190411070014_14036873/ <![CDATA[RNS press release - Q1 Cobre Magnetite Sales and Cash Balance Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190411070004_14036805/ Thu, 11 Apr 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190411070004_14036805/ <![CDATA[RNS press release - Redmoor Acquisition Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190408070006_14031641/ Mon, 08 Apr 2019 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190408070006_14031641/ <![CDATA[RNS press release - Strategic Minerals to Acquire Balance of Redmoor ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190318070004_14004974/ Mon, 18 Mar 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190318070004_14004974/ <![CDATA[RNS press release - Purchase of Shares/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190312133001_13999360/ Wed, 13 Mar 2019 00:30:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190312133001_13999360/ <![CDATA[RNS press release - Leigh Creek Copper Mine Production Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190307070005_13993099/ Thu, 07 Mar 2019 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190307070005_13993099/ <![CDATA[RNS press release - Issue of Final Shares for Leigh Creek Copper Mine ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190304070006_13988206/ Mon, 04 Mar 2019 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190304070006_13988206/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190228070005_13984380/ Thu, 28 Feb 2019 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190228070005_13984380/ <![CDATA[RNS press release - Exercise of Options and Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190219070013_13973550/ Tue, 19 Feb 2019 18:00:13 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190219070013_13973550/ <![CDATA[RNS press release - Leigh Creek Copper Mine Drilling Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190218070008_13971957/ Mon, 18 Feb 2019 18:00:08 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190218070008_13971957/ <![CDATA[RNS press release - Redmoor Mineral Resource Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190214070003_13968766/ Thu, 14 Feb 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190214070003_13968766/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190131070003_13952646/ Thu, 31 Jan 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190131070003_13952646/ <![CDATA[RNS press release - Final 2018 Redmoor Drilling Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190123070003_13943348/ Wed, 23 Jan 2019 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190123070003_13943348/ <![CDATA[RNS press release - Q4 Cobre Magnetite Sales and Cash Balance Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190116070002_13935842/ Wed, 16 Jan 2019 18:00:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190116070002_13935842/ <![CDATA[RNS press release - Early Extension of Cobre Access ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190114093138_13933413/ Mon, 14 Jan 2019 20:31:38 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20190114093138_13933413/ <![CDATA[RNS press release - Exercise of Options and Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181221111054_13913267/ Fri, 21 Dec 2018 22:10:54 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181221111054_13913267/ <![CDATA[RNS press release - Leigh Creek Copper Mine Drilling Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181206074553_13893864/ Thu, 06 Dec 2018 18:45:53 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181206074553_13893864/ <![CDATA[RNS press release - Electromagnetic Survey Commences at Hanns Camp ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181204070006_13889878/ Tue, 04 Dec 2018 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181204070006_13889878/ <![CDATA[RNS press release - Redmoor Drilling Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181127070014_13881053/ Tue, 27 Nov 2018 18:00:14 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181127070014_13881053/ <![CDATA[RNS press release - Leigh Creek Copper Exploration Drilling Commenced ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181012070003_13826088/ Fri, 12 Oct 2018 17:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181012070003_13826088/ <![CDATA[RNS press release - Q3 Cobre Magnetite Sales and Cash Balance Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181009112254_13821760/ Tue, 09 Oct 2018 21:22:54 +1100 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181009112254_13821760/ <![CDATA[RNS press release - Redmoor Drilling Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181003070002_13813995/ Wed, 03 Oct 2018 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20181003070002_13813995/ <![CDATA[RNS press release - Interim Results - Half Year to 30 June 2018 ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180928070003_13807940/ Fri, 28 Sep 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180928070003_13807940/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180924115024_13801966/ Mon, 24 Sep 2018 20:50:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180924115024_13801966/ <![CDATA[RNS press release - Additional Nickel Sulphide Prospects Identified ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180924070008_13801025/ Mon, 24 Sep 2018 16:00:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180924070008_13801025/ <![CDATA[RNS press release - Exceptional Redmoor Assay Results ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180919071643_13796200/ Wed, 19 Sep 2018 16:16:43 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180919071643_13796200/ <![CDATA[RNS press release - CARE Gold Tenements Sale Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180913070002_13788857/ Thu, 13 Sep 2018 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180913070002_13788857/ <![CDATA[RNS press release - CARE Gold Tenements Sale ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180903070006_13775569/ Mon, 03 Sep 2018 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180903070006_13775569/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180831070003_13773778/ Fri, 31 Aug 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180831070003_13773778/ <![CDATA[RNS press release - Leigh Creek Copper Mine - Government Approvals ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180829081453_13771077/ Wed, 29 Aug 2018 17:14:53 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180829081453_13771077/ <![CDATA[RNS press release - Redmoor Project Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180822070003_13763709/ Wed, 22 Aug 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180822070003_13763709/ <![CDATA[RNS press release - Exercise of Options, Allocation of New Options ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180809070004_13748961/ Thu, 09 Aug 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180809070004_13748961/ <![CDATA[RNS press release - Executive Director Appointment ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180808124616_13748450/ Wed, 08 Aug 2018 21:46:16 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180808124616_13748450/ <![CDATA[RNS press release - June Quarter Magnetite Sales and Cash Balances ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180712070003_13714696/ Thu, 12 Jul 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180712070003_13714696/ <![CDATA[News - Strategic Minerals expects it will continue to fund expansion with internal money ]]> https://www.proactiveinvestors.com.au/companies/news/200653/strategic-minerals-expects-it-will-continue-to-fund-expansion-with-internal-money-200653.html Strategic Minerals Plc (LON:SML) has released a quarterly update on its sales performance, for the Cobre magnetite tailings operations, which shows it had “maintained and improved” underlying volumes.

The figures, for the three months ended June 30, however, don’t include the impacts of a suspension of transactions with a major client as they are due to be reflected in the numbers for the current quarter.

WATCH: Leigh Creek represents 'the next stage' for Strategic Minerals

Nonetheless, the company told investor that recent arrangements with the client mean there will be a “net minimal impact” on cash flow and highlighted that its full year figures will reflect the additional sales arising from the major client during the September and December 2017 quarters.

In terms of the numbers themselves, Strategic Minerals said that it had sold 11,694 tonnes in the quarter, compared to 10,446 tonnes in the 2017 comparative, which translates to US$695,000 for the three months against a comparative figure of US$602,000.

Over the year to June 30, some 89,599 tonnes were sold for just over US$6mln in aggregate, up from 41,828 tonnes and US$2.43mln.

The company said it had a US$2.08mln cash balance at the end of June.

In early July, the company received a US$375,000 payment from the major client which, according to Strategic Minerals, reinforces its expectation that it will fund its 2018 development expansion plans from internally generated funds.

"Underlying Cobre sales continue to underpin the company's operations and existing resources are being reinvested to progress the company's other exploration and development projects, most notably the reinstating of the Leigh Creek Copper Mine which is expected to return to production and deliver substantial cash flows for the company in the second half of 2019,” said John Peters, Strategic Minerals managing director.

Proceeds from Cobre sales were reinvested into works at other projects - namely, the operations conducted by Central Australian Rare Earths, Leigh Creek Copper Mine and Cornwall Resources.

Net cash decreased by US$1.02mln, partly reflecting a US$978,000 payment to US Tax authorities for income tax in 2017 and quarterly instalments for 2018.

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Thu, 12 Jul 2018 07:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200653/strategic-minerals-expects-it-will-continue-to-fund-expansion-with-internal-money-200653.html
<![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180620100141_13686878/ Wed, 20 Jun 2018 19:01:41 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180620100141_13686878/ <![CDATA[Media files - Leigh Creek represents 'the next stage' for Strategic Minerals Plc ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9631/leigh-creek-represents-the-next-stage-for-strategic-minerals-plc-9631.html Wed, 20 Jun 2018 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9631/leigh-creek-represents-the-next-stage-for-strategic-minerals-plc-9631.html <![CDATA[RNS press release - Mt Weld & Hanns Camp Projects - Exploration Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180619070004_13684438/ Tue, 19 Jun 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180619070004_13684438/ <![CDATA[News - Strategic Minerals posts positive preliminary results from drilling at CARE and Hanns Camp ]]> https://www.proactiveinvestors.com.au/companies/news/199109/strategic-minerals-posts-positive-preliminary-results-from-drilling-at-care-and-hanns-camp-199109.html Strategic Minerals Plc (LON:SML) has completed a 65 hole aircore drilling programme at the Hanns Camp joint venture and at the Mt Weld tenement of the Central Australian Rare Earths project, both in Australia,

A total of 3,863 metres was drilled. At Hanns Camp, 25 holes totalling 1,290m were drilled, while at Mt Weld, 40 holes totalling 2,573 metres were drilled.

WATCH: Leigh Creek represents 'the next stage' for Strategic Minerals Plc

Full assay results have yet to be received, but early signs at the Hanns Camp South targets show one area to be prospective for nickel sulphide mineralisation.

Meanwhile, at Mt Weld, the company is targeting gold, nickel and rare earth elements.

"It is pleasing to see positive preliminary results from the recently completed aircore drilling programme,” said Alan Broome, chairman of Strategic Minerals.

“The CARE geological team has identified a number targets from this work, considered prospective for gold and nickel mineralisation within both the Hanns Camp and Mt Weld group of tenements from this early stage exploration. In light of these initial results, the board feels justified in continuing the exploration effort at these projects over the course of 2018 and expects to be able to fully fund these activities internally." 

 

 

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Tue, 19 Jun 2018 08:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199109/strategic-minerals-posts-positive-preliminary-results-from-drilling-at-care-and-hanns-camp-199109.html
<![CDATA[RNS press release - Leigh Creek Copper Mine Work Programme Commenced ]]> https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180613070004_13677168/ Wed, 13 Jun 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3790/LSE20180613070004_13677168/ <![CDATA[News - Strategic Minerals commences Leigh Creek Copper Mine work programme ]]> https://www.proactiveinvestors.com.au/companies/news/198762/strategic-minerals-commences-leigh-creek-copper-mine-work-programme-198762.html Strategic Minerals Plc (LON:SML) (USOTC:SMCDY)  has commenced the technical assessment of the Leigh Creek Copper Mine (LCCM) with the formation of a highly experienced study team.

The AIM-listed producing mineral company said the proposed work programme is expected to lead to the commencement of copper production around mid-2019.

READ: Strategic Minerals unit agrees amended contract with major client of its Cobre magnetite stockpile

The company said drilling of existing heap leach pads due to commence in second half or June, while drilling of Paltridge North, Lynda and Lorna Doone deposits for metallurgical samples due to commence in July.

Strategic Minerals said work programme was committed by the company to assess low-risk processing options for the Mountain of Light and Lyndhurst projects, which collectively form the LCCM project, as well as looking for opportunities to increase the existing resource base. 

John Peters, managing director of Strategic Minerals, said: "The work programme and the development of LCCM are both expected to be fully funded from the company's existing cash flows, and we look forward to updating the market on the progress of the work programme during the September quarter."

 

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Wed, 13 Jun 2018 07:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198762/strategic-minerals-commences-leigh-creek-copper-mine-work-programme-198762.html
<![CDATA[Media files - Strategic Minerals agrees amended contract with major Cobre client ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9522/strategic-minerals-agrees-amended-contract-with-major-cobre-client-9522.html Fri, 08 Jun 2018 12:28:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9522/strategic-minerals-agrees-amended-contract-with-major-cobre-client-9522.html