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Proactive weekly mining highlights - Stratex International, Strategic Minerals and Anglesey Mining
A look at some highlights from the world of small cap mining news
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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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WATCH NOW: New Age Exploration's Gary Fietz encouraged by first drill results at Redmoor
Gary Fietz discussed the tungsten price and latest assays with Proactive Investors.
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Assays indicate Redmoor among world's top tin/tungsten projects says Strategic Minerals
A second phase of drilling is now planned that will see a further three to six holes
New Age sharpens focus on high-grade zones as news flows from Redmoor Tin-Tungsten Project
The thicknesses and grades of mineralisation exceeded expectations.
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Strategic Minerals doubles iron sales as new customer takes deliveries
Subsidiary SMG sold US$999,000 (13,897 tons) worth of magnetite from the Cobre operation in August
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Strategic Minerals says subsidiary commences first phase of 2017 Hanns Camp drilling programme
The AIM-listed minerals production and development company said the first phase of the programme has been planned to consist of Air Core drilling approximately 2,500 metres through 50 holes
Investments and investor services
FTSE 100 closes higher as traders enjoy 'quiet in the storm'
London's FTSE 100 was trading steadily in Wednesday afternoon's exchanges.
New Age Exploration's drilling well advanced at tin-tungsten project in Cornwall
Drilling results from Redmoor are expected around September 2017.
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Strategic Minerals’ MD to double his holding in the firm to 20 mln shares after exercising a portion of his current options
The AIM-listed firm said John Peters has provided a notice that he wishes to exercise options over 10 mln shares in the tranche, expiring 30 June 2018, at a price of 1p per share for a total of £100,000
Investments and investor services
FTSE 100 closes lower as Donald Trump says “all options are on the table” for North Korea
FTSE 100 closed Tuesday's afternoon session 64 points lower at 7,337
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FTSE 100 finishes in debit as Fed chair Janet Yellen stays mum on policy direction
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech