Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
7 February 2018
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Appointment of additional UK Director
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Jeffrey Harrison as Non-Executive Director. Mr Harrison's appointment will support the execution of Strategic Minerals' strategy, particularly the planned development of the Redmoor tin/tungsten project in Cornwall into production.
Mr Harrison has over 40 years' mining experience, primarily in Australia and the United Kingdom, and spent six years with Wolf Minerals (UK) Ltd helping to negotiate, liaise and commence its operations, before retiring as its operations manager. For the last year Mr Harrison has been a consultant to Cornwall Resources Limited, the joint venture to which the Company owns 50%, and has successfully guided the community interface during the drilling programme, as well as adding strategic input into project considerations.
Mr Harrison has both a joint Honours Degree in Mining/Geology as well as an MSc in Engineering Rock Mechanics from the Royal School of Mines, London. He has been both a Fellow of the Australian Institute of Mining, Minerals (Chartered Engineer) for over 10 years and the Institute of Quarrying (UK) and a member of the Institute of Directors.
Mr Harrison's appointment will not preclude him from undertaking further consulting work to Cornwall Resources Limited.
Strategic Mineral's Chairman, Alan Broome, said:
"The Board is delighted to welcome Jeff to the team. His skills blend well with those of the existing Board members and over the past year he has impressed us with his mining skills and his calm, objective view on geological issues associated with our Redmoor project.
"We are confident that Jeff's appointment is a positive step towards bringing Redmoor through to operations, where his Wolf Minerals experience will prove invaluable. Further, we are confident that he will also make a considerable contribution to the re-commissioning of the Leigh Creek Copper Mine once we complete the transaction."
Regulatory disclosures
Mr Jeffrey Mark Harrison, aged 61, is or has been a director of the following companies over the past five years:
Current directorships |
Past directorships (>5 years) |
· None |
· Wolf Minerals (UK) Ltd. |
Mr Harrison does not currently own ordinary shares in the Company.
There are no other matters to be disclosed in relation to Schedule 2, paragraph (g) of the AIM Rules.
For further information, please contact:
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.
In September 2011, Strategic Minerals purchased its first cash-generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought commenced sales in 2012. This project continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia that are prospective for cobalt, gold, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the Company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition was completed in February 2017 and the first drilling programme at the project has been completed. The Company has also exchanged contracts for the acquisition of the Leigh Creek Copper Mine, situated in the copper rich belt of South Australia, which is subject to Conditions Precedent.
