thehog2
16 Nov 2015
Bulk Sampling RNS RNS Number : 7601FStrategic Minerals PLC16 November 2015 16 November 2015 Strategic Minerals Plc("Strategic Minerals" or the "Company"
Commencement of Extraction of Bulk Sample, Tatu Coal Mine The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY) is pleased to announce that it has now received all required regulatory authorities for, and has commenced extraction of, a bulk sample from the proposed Tatu coal mine on the North Island of New Zealand. The extraction is being conducted under the supervision of the mine manager, Lincoln Smith and Strategic Minerals' project manager, Vince Martin. While the Company was undertaking the work to ensure that the planned extraction complied with statutory requirements, the Company undertook the external works related to site access, although this has been intermittently interrupted by bad weather. With the provision of regulatory approval last week, the health and safety plans now in place, and the upgrading of the access road completed, the Company is now proceeding with extraction of the bulk sample. The bulk sample will be accessed via an at-surface section of the coal seam after removing top cover of approximately 1.5 metres of overburden. The location of the bulk sample is likely to be the access point for underground operations once the decision to proceed to commercial production is made. Additionally, the Chairman of Strategic Minerals, Mr Alan Broome, is in New Zealand to attend the New Zealand Coal Board, of which he is a member, and is to visit the proposed Tatu coal mine site to observe part of the extraction process. Thereafter, Mr Broome shall be taking the opportunity to check on both the intended laboratory review of the coal extracted and discuss with major potential customers the use of the coal in their operations, once analysis of the bulk sample confirms historical coal quality data. Commenting, Alan Broome, Non-Executive-Chairman of Strategic Minerals, said: "The Company has been working towards the commencement of the bulk sample extraction as a key step in completing its assessment for the commissioning of the mine works at Tatu. Accordingly, the commencement is an important and exciting step for the Company, which plans to lever off this information to identify potential customers for the produced coal and assess their interest in future purchases. "The Company considers the likely timing of the proposed Tatu coal mine is of particular interest to New Zealand north island coal users in light of the recent uncertainty associated with Solid Energy's voluntary administration and the announced closure of the Huntly East coal mine. "Upon completion of the laboratory work associated with the bulk extraction, the Company will access its New Zealand network to ascertain likely product demand and to review expected project profitability. At the same time, the Company continues to review funding alternatives, which will be clarified once more definitive data on likely sales volumes, prices and customer demand are obtained." 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 Notes to Editors Strategic Minerals plc is an AIM quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities. In September
thehog2
12 Nov 2015
Cororate Update [link] Peters in fine form.TH2
thehog2
29 Oct 2015
Tatu RNS For those wondering what Dandadan is referring to:STRATEGIC MIN.27 Oct 2015 07
06Strategic MineralsRNS Number : 4317DStrategic Minerals PLC27 October 2015 27 October 2015Strategic Minerals plc("Strategic Minerals" or the "Company"Appointment of Acting Mine Manager for Tatu Operations Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Lincoln Smith of Terra Firma Mining Services as acting mine manager and site senior executive for the Tatu Coal project located on the North Island of New Zealand. Mr Smith has worked in the underground mining industry for over 22 years as a Miner, Deputy, Under Manager, Production Manager and Mine Manager and specialises in difficult mining conditions and non-routine mining activities, such as recovering fallen roadways, cavity support and recovery operations. Accordingly, he has considerable experience in strata control, productivity improvement and mining optimisation projects. Mr Smith has been heavily involved in underground equipment selection and visited a number of European and Australian operations to assess mining conditions and equipment capabilities, particularly as they relate to the geological challenges encountered in some regions of New Zealand. He is registered as a Mine Incident Controller with WorkSafe New Zealand. Commenting on the appointment, Mr John Peters, Strategic Minerals' Managing Director, said: "Lincoln is a seasoned and respected New Zealand underground miner who has been advising Strategic Minerals on its planned bulk sample extraction at its Tatu Coal project. His appointment reflects the expected extraction of the coal bulk sample from the proposed Tatu coal mine. "With the recent announcement by Solid Energy of the closure of the Huntly East coal mine (located on the North Island of New Zealand), and its intention not to look to on-sell the mine, we believe the results from our bulk sample should be of keen interest to those local companies sourcing coal from this region and whose operations are geared to this particular type of coal." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director +61 414 727 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)7768 537 739 Notes to Editors Strategic Minerals plc is an AIM quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities. In September 2011, the 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 which continues to provide a revenue stream for the Company. The portfolio was expanded in March 2015 with the acquisition of the Tatu Coal Mine located in North Island, New Zealand. Strategic Minerals is now developing this project with the expectation it will make its first thermal coal sales by H1 2016.
thehog2
22 Oct 2015
Optiva Securities on Glencore Exit [link]
thehog2
22 Oct 2015
Glencore out Peter Wale further in RNS Strategic Minerals PLC22 October 201522 October 2015Strategic Minerals plc("Strategic Minerals" or the "Company"Holding in CompanyStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, has today been informed that on 20 October 2015 Glencore AG sold 45,000,000 ordinary shares in the Company at a price of 0.17p per share through a transaction arranged by Optiva Securities, who placed out the shares, including to a number of existing Strategic Minerals shareholders. As a result, Glencore AG no longer holds any ordinary shares in the Company.Further, the Company has today been informed that on 21 October 2015 Mr Peter Wale increased his holding in the Company's share capital by 12,574,468 shares to 40,415,469 shares, which represents 4.54% of the Company's issued capital.Commenting on this transaction, Mr John Peters, Strategic Minerals' Managing Director, said: "Glencore has been a strong supporter of the Company and we continue to have a relationship with them that we expect will be re-activated should it again become economically viable to export from the Cobre mine. However, Glencore's holding in the Company was held in the iron ore division of Glencore and we understand that Strategic Minerals' recent diversification into coal has made this a non-core asset in this division's portfolio."For further information, please contact:Strategic Minerals plcJohn PetersManaging Director +61 414 727 965Allenby Capital LimitedNominated Adviser andJoint BrokerJeremy Porter +44 (0)20 3328James Reeve 5656Cornhill Capital LimitedJoint BrokerJames Sheehan +44 (0)20 3700Colin Rowbury 2516Yellow Jersey PRFinancial PRDominic Barretto +44 (0)7768 537Alistair de Kare-Silver 739
thehog2
21 Oct 2015
Re: News Coming? Up 17% today.So it still looks like something is happening so roll on the RNS.TH2
thehog2
16 Oct 2015
Re: News Coming? 50m shares traded yesterday & sp up again today.SML is not normally a leaky ship for news, but maybe someone knows something. I await the RNS, if one is coming with interest.TH2
thehog2
15 Oct 2015
News Coming? A second day of buying.Speculation or news?TH2
thehog2
01 Oct 2015
Re: Interim Results Much better than people feared after such a quiet news period.It's good to see the Board have been keeping busy and haven't taken their eye off the ball.TH2
thehog2
01 Oct 2015
Interim Results STRATEGIC MIN.30 Sep 2015 071:57Strategic MineralsRNS Number : 6831AStrategic Minerals PLC30 September 2015 30 September 2015 Strategic Minerals Plc("Strategic Minerals", the "Group" or the "Company" Interim results for the six months to 30 June 2015Transformational period - JORC resource for Tatu of 6.7 Mt and successful £1m fundraisingStrong momentum in second half of the yearStrategic Minerals Plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce its unaudited interim results for the half year ended 30 June 2015.HighlightsFinancial Highlights: · Cobre operation moves into profitability of US$162,000 for the period (H1 2014: loss US$2,441,000)· Total comprehensive Group loss reduced for the period to US$473,000 (H1 2014: loss US$2,748,000)· Raised £1,000,000 (before expenses) in June 2015 at 0.6 pence per share with the issue of 166,666,667 shares in two tranches· Cash and cash equivalents at 30 June 2015 was US$1,090,000 (31 Dec 2014: US$946,000) with a further US$792,000 received in July 2015 from the second tranche of the capital raising; cash on hand as at 31 August 2015 was US$1,552,000 Corporate Highlights: · Restructured Board and management in the period to ensure a broad expertise appropriate for the Company's strategy· Board and management incentivised with the issue of 62,000,000 options with vesting conditions of 1.5p and 3.0p Cobre Project: · Operational costs at Cobre substantially reduced with the Company performing all operations in-house rather than using contractors· Screen equipment purchased at Cobre to substantially reduce lease costs going forward· Domestic sales of 7,247 short wet tons ("SWT" (H1 2013: 12,850 SWT)· New sales arrangements instituted at Cobre which has already increased sales substantially in September 2015 with it now likely to exceed 2,000 SWT in the month Tatu Project: · Contract to acquire 100% of Tatu Project in New Zealand secured· 51% interest in the Tatu asset purchased in the period· Maiden JORC resource of 6.72 Mt of measured and indicated thermal coal estimated at the Tatu Project· New Zealand government approval for the transfer of the tenement owner· Bulk sample commenced in September 2015 to test marketability of product Australian Projects: · All the Australian projects have been or are in the process of being relinquished Commenting, John Peters, Managing Director of Strategic Minerals, said: "The first half of the 2015 year has proven to be a transformational period for the Company, as it changed direction with additional management resources being added, the acquisition of the Tatu coal mine project on the North Island of New Zealand, the raising of £1 million to commence the Tatu project, the establishment of the JORC resource for Tatu at 6.7 Mt and seasoned mining executive Mr Alan Broome AM joining the Board as Chairman. "This momentum has been carried forward into the second half of the year with the commencement of the extraction of the bulk sample for the Tatu mine, approval from the New Zealand government to the change of control in the Tatu mining licence, continued development of the feasibility study of the Tatu mine covering the sales, costs of production and funding alternatives available, release of the Australian exploration tenements, on-going negotiations with buyers and transport companies to ensure domestic sales at the Cobre mine and the continued development of the potential project at Wanbao, Jilin province, China." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director +61 414 727 965Allenby Capital LimitedNominated Adviser an
DanDaDan
14 Sep 2015
Re: iii Spread Spread starting to shrink.It is about time.....Drop the sp a bit more and I will be looking to buy a few more and put them in that bottom drawer.I reckon this will transform in 9 months. All IMO so DYOR and ignore me.Looks like it is time to keep an eye on this one for opportunities.Someones chart reckons 0.8p is the next stop.But we need some good news IMO.GLA.
DanDaDan
09 Sep 2015
Time to move UP. It looks like someone is tipping this share to go UP to 0.8p very soon.It is all in their charts, they say..(SP take note).Lets see what happens in the next few months .News is that the Seller has also now moved on.(Lost patience or has a big bill to pay ?????)We must be due for some good news sooooon........GLA.
DanDaDan
08 Sep 2015
iii Spread Why is this spread so large.It looks like it is about to get volatile as well.Is someone (MMs) playing around with their computer system?GLA.
thehog2
02 Sep 2015
Re: Bargain Basement Time DDD,Well done. The 250k buy, just now, was mine.TH2
DanDaDan
02 Sep 2015
Re: Bargain Basement Time Well that is my £2k purchase showing UP.GLA
