Strategic Minerals plc is a minerals production and development company registered in the UK and listed on the AIM market (AIM: SML) of the London Stock Exchange.
The Company's strategy is to utilise cash flow from existing operations to fund overheads and thereby provide a base from which to build a diversified portfolio of cash generating high quality strategic minerals operations and near term mining projects in jurisdictions where returns are commensurate with risk. The Company has adopted a three pronged approach to diversified minerals focused on metals, advanced materiials and coal/bulk materials.
It currently operates the Cobre operation in New Mexico, USA through its subsidiary Southern Minerals Group Llc and supplies Iron Ore Magnetite to customers in the fertilizer, concrete and other industries.
The Company has also been working to increase the value of the Cobre asset by reviewing sales opportunities including the opportunity to produce a higher value product for sale to the dense media market and other markets. Improving coinditions in the US provide opportunity to expand our customer base and unlock the value from the existing magnetite stockpile.
In early 2016, the Company entered arrangements, through its potential 50% holding in Central Australia Rare Earths Pty Ltd ("CARE"), to investigate tenements in Western Austalia which appear prospective for nickel sulphide. Additionally, management is currently evaluating a number of acquisition opportunities in commodities such as rare earths, tin, copper, iron ore, gold and other high value strategic minerals with a focus on projects that can be monetised quickly.