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Strategic Minerals PLC

Strategic Minerals now in full control of Cornish tin mine joint venture

Strategic Minerals PLC's (LON:SML) John Peters talks Proactive London through the restructuring of their purchase of the outstanding half of the Cornwall tungsten and tin mine joint venture at Redmoor.

New Age Exploration will receive an upfront cash payment of A$300,000 for its 50% stake with the remaining US$2.7mln to be paid over the next eleven months.

Quick facts: Strategic Minerals PLC

Price: £0.01

Market: AIM
Market Cap: £13.94 m
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New Age Exploration advancing Redmoor and Otago, exploring Lochinvar options

New Age Exploration Ltd (ASX:NAE) chairman Alan Broome provides Proactive Investors with a thorough update on the company's international portfolio of assets. The UK Redmoor project, being developed in JV with Strategic Mineral PLC (LON:SML), is advancing at an opportune time with respect...

on 15/2/19

2 min read