Strategic Minerals quickly building up pieces of the puzzle with copper acquisition

Strategic Minerals chairman Alan Broome and director Peter Wale tell Proactive's Andrew Scott they've entered into a binding term sheet to acquire, subject to due diligence, the Leigh Creek copper mine in South Australia from Resilience Mining Australia.

The project represents a near-term low-capex copper production opportunity with early cashflow generation potential.

They also update on developments at Redmoor and CARE as well as giving a few words following on from Cobre's quarter of record sales.