Company
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 wants to be Australia's largest copper cement producer by mid-2020.
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A recent resource upgrade has highlighted the world-class potential of Redmoor
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John Peters, managing director of the exploration firm, said the restart of production at the facility was “a significant step” toward full scale production at the project, which is scheduled for late 2019 and early 2020
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