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FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
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Strategic Minerals PLC
LON:SML
Strategic Minerals is an AIM-quoted minerals explorer and producer. Its primary focus is accelerating the development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK. Redmoor is Europe’s highest grade undeveloped tungsten deposit and the second highest globally. Strategic Minerals’ strategy is to develop Redmoor into a leading source of critical and strategic minerals to provide resilience to western supply chains. Strategic Minerals is also underpinned by a revenue generating asset, with long-term distribution rights to the Cobre magnetite stockpile in New Mexico, USA which has been in production since 2012.
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Strategic Minerals hits 'bonanza grades' with latest Redmoor drilling
Peter Wale, executive director, said these were sustained and superb assay results from Redmoor
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FTSE 100 closes in the red as Brexit and trade worries dampen the mood
Footsie closed the day down around 19 points at 7,016, with big miners in the losers list.
Strategic Minerals will shortly be adding a second income stream, as it continues to focus on the metals of the future
Strategic Minerals has a carefully crafted portfolio of projects in New Mexico, the UK and Australia
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Strategic Minerals kicks-off first exploration at Leigh Creek for forty years
Drilling will comprise 10 holes over 500m to look for potential repeat copper oxide deposits at the Lyndhurst Project
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Strategic Minerals reports strong quarterly sales and cash flows from Cobre
Strategic Minerals said its activities are fully funded and expects to end the year with a healthy cash balance
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New Age Exploration intersects further high-grade tin-tungsten zones ahead of Redmoor resource update
The results highlight the potential to increase both tonnage and grade of Redmoor’s inferred resource of 4.5 million tonnes at 1% tin equivalent.
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Strategic Minerals to do more drilling in Cornwall after encouraging assay results
The Phase 2 drilling programme consists of a minimum of four holes aimed at further extending the Redmoor high-grade inferred resource. The drilling will be equally funded by the joint owners of Cornwall Resources Limited
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
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