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Strategic Minerals commences Leigh Creek Copper Mine work programme

The AIM-listed producing mineral company said the proposed work programme is expected to lead to the commencement of copper production around mid-2019

truck driving through a mine, strategic minerals
The company said drilling of existing heap leach pads due to commence in second half or June

Strategic Minerals Plc (LON:SML) (USOTC:SMCDY)  has commenced the technical assessment of the Leigh Creek Copper Mine (LCCM) with the formation of a highly experienced study team.

The AIM-listed producing mineral company said the proposed work programme is expected to lead to the commencement of copper production around mid-2019.

READ: Strategic Minerals unit agrees amended contract with major client of its Cobre magnetite stockpile

The company said drilling of existing heap leach pads due to commence in second half or June, while drilling of Paltridge North, Lynda and Lorna Doone deposits for metallurgical samples due to commence in July.

Strategic Minerals said work programme was committed by the company to assess low-risk processing options for the Mountain of Light and Lyndhurst projects, which collectively form the LCCM project, as well as looking for opportunities to increase the existing resource base. 

John Peters, managing director of Strategic Minerals, said: "The work programme and the development of LCCM are both expected to be fully funded from the company's existing cash flows, and we look forward to updating the market on the progress of the work programme during the September quarter."

 

Quick facts: Strategic Minerals PLC

Price: 0.6249 GBX

AIM:SML
Market: AIM
Market Cap: £9.17 m
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