Peter Wale of Strategic Minerals discusses the high tin grades identified to the west of the established Redmoor resource

Peter Wale Executive Director of Strategic Minerals #SML and Director of Cornwall Resources Limited discusses the high tin grades identified to the west of the established Redmoor resource.

Highlights:

· Significant tin result in trench CRT01, peaking at 0.38% tin over a 2m sample interval and with nearby mineralisation spanning an overall width of 20m.

· Peak tin values of 0.87% and 0.20% tungsten generated from close-spaced auger sampling within a 60m long anomalous area of greater than 0.10% tin.

· Future new drill target areas identified.

· Auger sampling and gravity work ongoing under the Deep Digital Cornwall collaboration.

About Strategic Minerals

Strategic Minerals plc is an AIM-quoted, profitable operating minerals company. It has operations in the United States of America and Australia along with a development project in the UK.  The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals the Board considers likely to benefit from future supply and demand factors.

In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company.  This operating revenue stream is utilised to cover company overheads and invest in progressing the Company's development projects.

In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin and Tungsten project in Cornwall, UK.  The bulk of the funds from the Company's investment were utilised to complete an initial drilling programme that year.  This programme resulted in a significant upgrade of the resource.  This was followed in 2018 with a 12-hole drilling programme which resulted in the resource update announced in February 2019.  In March 2019, the Company entered into arrangements to acquire the balance of the Redmoor Tin and Tungsten project.  This was completed on 24 July 2019.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and brought the project into production in April 2019.