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Strategic Minerals now in full control of Cornish tin mine joint venture

Strategic Minerals PLC's (LON:SML) John Peters talks Proactive London through the restructuring of their purchase of the outstanding half of the Cornwall tungsten and tin mine joint venture at Redmoor.

New Age Exploration will receive an upfront cash payment of A$300,000 for its 50% stake with the remaining US$2.7mln to be paid over the next eleven months.

Quick facts: Strategic Minerals PLC

Price: 0.625 GBX

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