Strategic Min. Live Discussion

thehog2 20 May 2016

Update for quarter to 31/3/16 Strategic Minerals19 May 2016 070:15Strategic MineralsRNS Number : 6679YStrategic Minerals PLC19 May 2016 19 May 2016 Strategic Minerals plc("Strategic Minerals" or "SML" or the "Company" Update for the quarter to 31 March 2016 Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to provide the following update on the Company's operations for the three months to 31 March 2016 ("Q1 2016". Highlights: · Quarterly sales at the Cobre operations continued to reflect an annual turnover of 17,000+ tons per annum. While sales of US$0.227m in Q1 2016 were lower than in the same period in 2015, this appears consistent with the variability of demand within annual periods;· Acquired up to 50% of Central Australian Rare Earth Pty Ltd ("CARE". During the quarter, documentation was finalised and personnel and plans were prepared to commence drilling on 18 May 2016;· Termination and exiting of Tatu coal project in February 2016; · Withdrawal from Wanbao Coal Mine project; · Corporate overheads continue to be tightly controlled with the Managing Director reducing his remuneration by a little over 15% and the CFO being moved to an hourly consulting bais. The Board continues to seek to control these overheads in line with the Company's likely operating profits;· The Company updated its website; and· The Company had cash of US$0.641m as at 31 March 2016. Commenting, John Peters, Managing Director of Strategic Minerals, said: "The refinement of the Company's strategy, undertaken in Q1 2016, highlights its emphasis on producing and exploring. The Company's production at the Cobre mine continues to underpin its operating costs and the Board and management team are focused on seeking to contain corporate overheads within the current operating profit of the mine. At the same time, our strategy recognises the need for substantial wealth creation through exploration/investment. In this regard, investment reviews have centred on projects with either tied offtake arrangements or ones based on exploration for minerals/metals expected to have strong demand/price upside in a three to five year time horizon. "The emphasis on exploration upside has been reflected in our agreement to purchase up to 50% of CARE with its mining tenements in Western Australia and our commitment to drill the identified prospective anomalies at Laverton. "The Board continues to focus on securing additional sales in Cobre, progressing legal claims associated with the rail upgrades undertaken at Cobre, monitoring the drill programme at the Laverton project and progressing its current negotiations seeking an additional project opportunity." Cobre magnetite tailings operations In the first quarter of 2016, sales were below the same period in the previous year but were up on an annualised basis. This reflects the variability of demand for the magnetite product which, generally, we would expect to even out over an annual period as shown in the following table outlining sales and volume data: __________ _Tonnage__________ ___ __________ __Sales-_(US$'000)_________Year 3 mths to March 12 mths to March 3 mths to March 12 mths to March2016 3,427 17,175 $227 $1,1602015 4,707 16,284 $318 $1,0992014 7,202 17,354 $485 $1,271 As can be seen from the table, sales prices have stabilised around the $66 per ton level despite falls in global iron ore prices. While this pricing level is general

thehog2 06 May 2016

Hannes Camp Drilling RNS Strategic Minerals06 May 2016 0707Strategic MineralsRNS Number : 4598XStrategic Minerals PLC06 May 2016 6 May 2016 Strategic Minerals plc("Strategic Minerals" or the "Company" or the "Group"Maiden Drill Program Planned Targeting Strong EM Conductor Beneath Nickel Sulphide-Copper Anomaly at Hanns Camp· Permit of Work granted· Maiden drilling programme planning completed· Drilling contractors appointed and geological team mobilising to site· Drilling on course to commence mid-late MayStrategic Minerals PLC (AIM: SML; USOTC: SMCDY) is pleased to announce that the Hanns Camp maiden drilling programme planning has been completed and that the Permit of Work has been granted by the Western Australia Department of Mines and Petroleum. This paves the way for the commencement of drilling, which remains on track for mid-late May.The planned programme will be the first nickel focused drilling at Hanns Camp since the late 1970's and it follows extensive analysis of historical records with recent electromagnetic (EM) survey data. The programme consists of three drill holes, with the third dependent on success in the first two, and totals 1,050 metres.Each drill hole targets a separate nickel-sulphide target within Hanns Camp; Forest, Stirling and Canning. The targets are the three highest priority identified by Central Australian Rare Earths Pty Ltd ("CARE" and considered some of the most compelling greenfields nickel-sulphide exploration opportunities in the Yilgarn Craton of Western Australia. Each target is spaced approximately 800 metres apart in a NNW-SSE direction and comprise of a strong EM conductor, beneath anomalous copper-nickel geochemistry, defined from historic regolith sampling.Hanns Camp forms part the Laverton Project, of which Strategic Minerals recently secured an interest via its acquisition of up to 50% of CARE. Hanns Camp is located 250km north-east of the city of Kalgoorlie-Boulder, 12km north-east of the town of Laverton in the North-Eastern Goldfields region of Western Australia. The prospect is easily accessible using existing tracks from Laverton, one of the main Goldfields towns.A map of the region and the proposed drilling targets can be found on the Company's website under the CARE project.The Company's Managing Director, Mr John Peters, said: "The granting of the Permit of Work by the West Australian Government has allowed our team to negotiate and finalise the drilling program, culminating in the signing of a drilling contract. This shows our intent to undertake the drilling program within this quarter as previously declared. " For further information, please contact: Strategic Minerals plcJohn PetersManaging Director+61 (0)414 727 965 Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Yellow JerseyFinancial PR Dominic BarrettoAlistair Kare-Silver +44 (0) 7825 916 715

thehog2 26 Apr 2016

New website Strategic Minerals25 Apr 2016 07:29:44Strategic MineralsRNS Number : 1703WStrategic Minerals PLC25 April 2016 25 April 2016Strategic Minerals plc("Strategic Minerals" or the "Company" or the "Group"Updated WebsiteStrategic Minerals PLC (AIM: SML; USOTC: SMCDY) is pleased to announce that it has revised its website and that this is now available under the existing internet address of www.strategicminerals.net.The Company's Managing Director, Mr John Peters, said: "The revised website provides the Board and Management of the Company far greater flexibility when sharing information, documents, photos and video with shareholders and the public. We look forward to populating these pages further over time. We thank our shareholders for their patience in awaiting this update, the timing of which reflects the tight control on overheads that we maintain in the Company." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director+61 (0)414 727 965 Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Yellow JerseyFinancial PR Dominic BarrettoAlistair Kare-Silver +44 (0) 7825 916 715Notes to EditorsStrategic Minerals plc is a minerals production and development company registered in the UK and listed on the AIM market (AIM: SML) of the London Stock Exchange. The Company has projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities. In September 2011, Strategic Minerals purchased its first cash generating asset, the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and continues to provide a revenue stream for the Company. The Company acquired, in January 2016, a 50% interest in Central Australian Rare Earths which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths.

thehog2 22 Apr 2016

RNS Driling starts May Let us hope it really is analogous to World class Nova Discovery in Western Australia. That sold last year for US$1.4b. Time will tell.Strategic Minerals21 Apr 2016 0708Strategic MineralsRNS Number : 8800VStrategic Minerals PLC21 April 2016 21 April 2016Strategic Minerals plc("Strategic Minerals" or the "Company" or the "Group"Permit of Works application lodged for Hanns Camp nickel-copper sulphide targetMaiden drilling programme planning underway at Hanns CampStrategic Minerals PLC (AIM: SML; USOTC: SMCDY) is pleased to announce that the planning of the maiden drilling programme at Hanns Camp nickel-copper sulphide prospect is underway and the Permit of Work ("PoW" has been lodged with the West Australian Department of Mines. Hanns Camp forms part of the Laverton Project, of which Strategic Minerals recently secured an interest via its acquisition of up to 50% of Central Australian Rare Earths Pty Ltd ("CARE".Highlights· Maiden drilling programme planning underway for Hanns Camp nickel-copper sulphide target· First nickel focussed drilling to be completed since late 1970s· Drilling expected to commence mid-late May once permit received· Nickel-copper target analogous to World class Nova Discovery in Western Australia Hanns Camp is located 250km north-east of the city of Kalgoorlie-Boulder, which is 12km north-east of the town of Laverton in the North-Eastern Goldfields region of Western Australia. The prospect is easily accessible using existing tracks from Laverton, one of the main Goldfields towns. The prospect comprises three distinct targets spaced approximately 800m apart in a NNW-SSE direction. Each prospect is supported by a strong electromagnetic ("EM" conductor beneath anomalous copper-nickel regolith geochemistry. It is these three targets that will be the subject of the coming drilling programme.The PoW is expected to be granted within the coming weeks and the detailed planning of the maiden drilling programme is in its final stages with drilling expected to commence mid to late May.This programme will be the first nickel focussed drilling to be completed in this area since the late 1970s. Historic work includes 15 percussion holes that were completed in the area during the 1970s, highlights of which include 2m @ 1.36% nickel from 24m downhole. This historic data combined with recent geophysical data and a prospectivety review is forming the basis of this maiden drill programme.A map of the region and the proposed drilling targets can be found on the Company's website under the CARE project.The Company's Chairman, Mr Alan Broome OAM, said: "The lodgement of Permit of Work with the West Australian Government is an exciting first step on the road to assessing our interest in the tenements known as Hanns Camp at Laverton. Current planning has drilling expected in mid to late May in line with our previous announcement. We look forward to keeping the market abreast of developments relating to the drilling programme as they unfold." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director+61 (0)414 727 965 Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Yellow JerseyFinancial PR Dominic BarrettoAlistair Kare-Silver +44 (0) 7825 916 715Notes to Editors

one4all 22 Apr 2016

self sustaining cash flows now re rate on the cards to .5p

thehog2 03 Feb 2016

POSITION IN EMERGING NICKEL SULPHIDE STRATEGIC MIN.01 Feb 2016 070:13Strategic MineralsRNS Number : 5741NStrategic Minerals PLC01 February 2016 1 February 2016 Strategic Minerals plc("Strategic Minerals" or the "Company" TENEMENT POSITION IN EMERGING NICKEL SULPHIDE PROVINCEIN WESTERN AUSTRALIA SECURED The Board of Strategic Minerals plc (AIM: SML; USOTC: SMCDY) announces that it has executed an agreement to acquire up to a 50% interest in Central Australian Rare Earths Pty Ltd ('CARE'), a subsidiary of Australian private company Rarus Limited ('Rarus'), which holds or has an agreement to acquire tenements with nickel sulphide and rare earth element ('REE') exploration potential in Western Australia and the Northern Territory of Australia. Strategic Minerals has the right to acquire up to 50% of CARE for AUD 380,000 (approximately USD 270,000 or £190,000) with an initial subscription of 25.5% acquired for AUD 130,000, which will be used to repay third party loans made to CARE to fund tenement fees. Strategic Minerals has the right to acquire up to an additional 24.5% over a 12 month period for AUD 250,000 (the "Second Subscription" with each subscription for shares to be a minimum of AUD 50,000. After Strategic Minerals has subscribed for AUD 380,000 worth of shares in CARE it will own 50% and Rarus will own 50%. Each party will fund its 50% of costs for future work or either party can be diluted. The AUD 250,000 from the Second Subscription will be used to fund a nickel sulphide exploration drilling programme at the highly prospective Hanns Camp Prospect located within CARE's Laverton Project. The Laverton Project is a farm-in joint venture with ASX-listed Focus Minerals Limited ('Focus') that grants CARE the right to explore twelve of Focus' tenements near the Western Australian Goldfields town of Laverton for, and 90% ownership of, nickel and other commodities discovered in the tenements excluding gold, copper (where it is the dominant commodity present) and silver to which Focus maintains 100% ownership rights. The Laverton Project is located in the emerging 'Eastern Yilgarn Craton Nickel Sulphide Province' in Western Australia that is most notable for hosting the Mount Windarra and South Windarra nickel sulphide deposits located 12km west of the Laverton Project, which together produced 8.1 million metric tonnes at 1.51% nickel (Ni) between 1974 and 1992.1 Other occurrences located distally north and south along strike of the Laverton Project include (i) Duketon Mining's Rosie Deposit that has a Mineral Resource estimate of 1.74 million metric tonnes at 1.7% Ni including a best intercept of 5.2 metres at 9.13% Ni, 1.09% copper (Cu) and [2.22] grams/ [metric] tonne platinum (Pt) from 599.71 metres down hole2 (ii) Rox Resources' Fisher East Project (Mineral Resource 3.6 million metric tonnes at 2.0% Ni)3 ; and (iii) Impact Minerals' Mulga Tank Project which returned a best intercept of 0.25 metres at 3.8% Ni and 0.7% Cu from 212.6 metres down hole4. Geological consulting group Burke Geoscience evaluated the nickel exploration potential of the Laverton Project in 2013. It identified three high-priority nickel sulphide targets at the Hanns Camp Prospect as defined by high-conductance (up to 180,000 Siemens)5 conductivity anomalies co-incident with magnetic highs and anomalous nickel and copper in regolith overlying a komatitic channel-facies geological setting considered extremely prospective for massive nickel-sulphide mineralisation. In order of priority, these newly identified targets are called 'Forrest', 'Stirling' and 'Canning' and Burke Geoscience recommended all three targets be drill-tested in order of priority at the earliest opportunity. Forrest is considered particularly prospective due to its location at the base of the Hanns Camp Ultramafic Belt's main lava channel pathway.6 In comparison to other recent discoveries in the Eastern Yilgarn Craton Nickel Sulphide Province such as Fisher Eas

thehog2 03 Feb 2016

Update on Tatu Coal Mine Project STRATEGIC MIN.01 Feb 2016 070:13Strategic MineralsRNS Number : 5740NStrategic Minerals PLC01 February 2016 1 February 2016 Strategic Minerals PLC("Strategic Minerals" or the "Company" Update on Tatu Coal Mine Project The Board of Strategic Minerals PLC (AIM: SML; USOTC: SMCDY) today provides an update on the Tatu Coal Mine Project on the North Island of New Zealand ("Tatu Project". As announced on 31 March 2015, Strategic Minerals entered into an agreement to acquire 100% of King Country Mining Limited ("KCM", the owner of the Tatu Project, in stages (the "Agreement". Strategic Minerals completed the acquisition of 51% of KCM and had the option to acquire the remaining 49% by 31 January 2016 (the "Option", subject to regulatory approvals by the New Zealand authorities for change of control of the mining permits, which was received in July 2015, and Strategic Minerals providing to the vendors of KCM proof of financial capacity to commence the mine. Further, mine production is to commence within 12 months of exercise of the Option. For the reasons set out below, the Board of Strategic Minerals decided not to exercise the Option by the 31 January 2016 deadline. Under the terms of the Agreement, SML is now required to transfer to KCM's other shareholder (the former 100% shareholder of KCM) the KCM shares owned by Strategic Minerals for NZ$1. The Company, through KCM, conducted a bulk sample survey on the Tatu Project which, whilst producing results largely consistent with previous assessments, requires further testing to prove that deposits situated further from the planned mine entrance have lower sulphur concentrates in line with that associated with previous underground mining. At the same time, the Company has been reviewing the local domestic coal market and had identified a number of potential customers in order to garner support for the project via a pre-order book. Any further testing on the project would involve considerable additional expenditure and therefore the Board considered it prudent to seek, without additional cost, a timing extension on the Option and to more vigorously test the sales market before committing further funds to the project. In this regard, the Board found: 1) that despite attempts to reach a mutually agreeable basis for extending the Option to complete on the Tatu acquisition, Strategic Minerals and the vendor of KCM were unable to reach agreement on an extension to the Option exercise deadline;2) local New Zealand coal prices likely to be depressed for two to three years, which in the Board's opinion, will primarily arise from deteriorating business conditions combined with Genesis Energy Limited running down its coal stockpile in the North Island of New Zealand; and3) customers being reluctant to commit to future orders due to market uncertainty arising from the likely demerger of Solid Energy's coal assets and the impact this will have on current and future coal contracts. In light of the above, and as the Company was unable to gain a meaningful extension to the Option exercise deadline, the Company has ceased activity on the Tatu Project and will focus its resources on its newly acquired nickel sulphide project in Western Australia in the heart of a known nickel sulphide belt, as announced today, as well as its Cobre project and other potential acquisitions and investments. Commenting, John Peters, Managing Director of Strategic Minerals, said: "With the uncertainty of demand arising from the deteriorating coal market conditions in New Zealand, we have been prudently reviewing the project to ensure its economic viability prior to committing large scale capital expenditure. We believe that the project can be a viable one but may require additional time before the economics and the markets will support the provision of the additional capital required to make the mine operational. The Company's

JakNife 03 Feb 2016

Re: Ouch! No, it won't be the "worm that turned". It's basically a complete disaster. At no point in time has there ever been a sensible time to buy SML shares. There's still no good reason to buy.

DanDaDan 02 Feb 2016

Ouch! Did not expect that from the BoD. Ouch!Will SML be the 'worm that turned' in 6 months time?We need some Cobre heat now rather than that Tatu coal.....Always expect the expected, after all it is Aim.It is now time to re-evaluate.GLA...

DanDaDan 09 Jan 2016

Cobre Heat It looks like Cobre is on track again and Tatu is about to open UP more profit.This sp has been down not out. The flame is still flickering.Will they now bag another bargain project elsewhere?It looks to me that we are about to move on UP in the charts.$$$$$s on the way.GLA

thehog2 30 Dec 2015

sales and a 50% profit ratio. Improved sales, possibly restocking by customers and some welcome profit news:From the RNS"The Agreement comes after two record breaking weeks of domestic sales from Cobre. In the week ended 13 December 2015, SMG recorded a record domestic sales week of US $75,596 only to outstrip this in the week ended 20 December 2015 with sales of US $77,981, versus an average for the year of circa US $25,000 per week. These higher level sales help to offset the lean period experienced in the middle of the year and total sales are expected to be broadly in line with the previous year (US $1,270,000), if not marginally lower.""The efficient operation of SMG's access to the magnetite stockpile has been highlighted by its recent sales performance, and, when combined with a typical profit ratio of 50% on Cobre, it underlines Strategic Minerals' fortunate position as a resource company with regular cash flow."

thehog2 30 Dec 2015

Cobre Extention RNS 22 Dec 2015 08:27:32Strategic MineralsRNS Number : 8464JStrategic Minerals PLC22 December 2015 22 December 2015 Strategic Minerals Plc("Strategic Minerals" or the "Company" Confirmation of Extension for Cobre Operations The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY) is pleased to announce that its wholly owned subsidiary, Southern Minerals Group LLC ("SMG", has obtained agreement for the extension of its rights to operate the magnetite operations at the Cobre mine in New Mexico until 31 March 2017 (the "Agreement". SMG's rights at Cobre were due to expire at the end of February 2016 and the Directors of Strategic Minerals believe that reaching this Agreement well ahead of expiry highlights the strong relationship created between the mine owners and SMG. The Agreement comes after two record breaking weeks of domestic sales from Cobre. In the week ended 13 December 2015, SMG recorded a record domestic sales week of US $75,596 only to outstrip this in the week ended 20 December 2015 with sales of US $77,981, versus an average for the year of circa US $25,000 per week. These higher level sales help to offset the lean period experienced in the middle of the year and total sales are expected to be broadly in line with the previous year (US $1,270,000), if not marginally lower. The President of SMG, Clovis Hooper, said: "The recent upswing in sales has been the result of the work put into clearing logistic impediments and to the delivery of the magnetite, and, while we anticipate a slowing of sales during the Christmas period, 2016 is looking like being a good year". Commenting, John Peters, Managing Director of Strategic Minerals, said: "The efficient operation of SMG's access to the magnetite stockpile has been highlighted by its recent sales performance, and, when combined with a typical profit ratio of 50% on Cobre, it underlines Strategic Minerals' fortunate position as a resource company with regular cash flow." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director +61 (0) 414 727 965Allenby Capital LimitedNominated Adviser and Joint BrokerJeremy PorterJames Reeve +44 (0)20 3328 5656Cornhill Capital LimitedJoint BrokerJames SheehanColin Rowbury +44 (0)20 3700 2516Yellow Jersey PRFinancial PRDominic BarrettoAlistair de Kare-Silver +44 (0)7738 076 304

JakNife 23 Nov 2015

Re: Interesting research note Is it "interesting" because you agree with it and it supports your personal bias? Or is it "interesting" because of some other reason?

thehog2 23 Nov 2015

Interesting research note [link]

one4all 16 Nov 2015

starting to look interesting now uts a very interesting long term buy , tiny market cap wiyh huge assets and ready made market