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Strategic Minerals completes exchange of contracts on Leigh Creek

John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott their Ebony Iron Pty Ltd subsidiary has completed the binding exchange of contracts for the acquisition of Leigh Creek Copper Mine Pty Ltd from Resilience Mining Australia Pty Ltd for a total consideration of AS$3.00mln (approximately £1.71mln).

LCCM owns the exploration and mining rights and associated copper processing assets at the Leigh Creek Copper Mine in South Australia.

 
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