TIDMSML

RNS Number : 4159G

Strategic Minerals PLC

18 July 2023

18 July 2023

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Result of AGM

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), is pleased to announce that at the Annual General Meeting held earlier today all resolutions put to shareholders were duly passed.

The Proxy votes were cast as follows:

 
 Resolution       For        %     Against      %     Withheld     Total Cast 
 1            294,366,257   96%   10,798,669   4%     2,285,000    307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 2            247,176,759   80%   60,143,390   20%     129,777     307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 3            301,156,431   98%   3,898,718    1%     2,394,777    307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 4            163,679,855   53%   41,243,880   13%   102,526,191   307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 5            256,938,536   84%   45,261,390   15%    5,250,000    307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 6            258,538,536   84%   43,661,390   14%    5,250,000    307,449,926 
             ------------  ----  -----------  ----  ------------  ------------ 
 
 
For further information, please contact: 
 
                                                        +61 (0) 414 727 
Strategic Minerals plc                                   965 
John Peters 
Managing Director 
Website:       www.strategicminerals.net 
Email:         info@strategicminerals.net 
 
Follow Strategic Minerals on: 
Vox Markets:   https://www.voxmarkets.co.uk/company/SML/ 
Twitter:       @SML_Minerals 
LinkedIn:      https://www.linkedin.com/company/strategic-minerals-plc 
 
 
                                                          +44 (0) 20 3470 
  SP Angel Corporate Finance LLP                          0470 
Nominated Adviser and Broker 
Matthew Johnson 
Charlie Bouverat

Notes to Editors

Strategic Minerals plc is an AIM-quoted, operating minerals company actively developing projects tailored to materials expected to benefit from strong demand in the future. It has an operation in the United States of America along with development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals likely to be highly demanded in the future.

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in development projects aimed at supplying the metals and minerals likely to be highly demanded in the future.

In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. This was followed in 2018 with a 12-hole 2018 drilling programme has now been completed and the resource update that resulted was announced in February 2019. In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin/Tungsten project which was settled on 24 July 2019 by way of a vendor loan which was fully repaid on 26 September 2020.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and brought the project temporarily into production in April 2019. In July 2021, the project was granted a conditional approval by the South Australian Government for a Program for Environmental Protection and Rehabilitation (PEPR) in relation to mining of its Paltridge North deposit and processing at the Mountain of Light installation. In late September 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved.

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END

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July 18, 2023 10:28 ET (14:28 GMT)

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