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Strategic Minerals Plc
Summary
| Project: | Leigh Creek | |
|---|---|---|
| Deposit: | Leigh Creek | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 11/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2019: Strategic Minerals Plc announces a Feasibility Study report for its Leigh Creek deposit at the Leigh Creek project. Leigh Creek Copper Mine - Feasibility Study Updates. Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral compa | |
| Resources: | (Resource, I+I): 1.859Mt @ 0.73% Cu at Mountain of Light | |
| CP/QP: | [Resources]: David Larsen (D&J Larsen Consulting Pty Ltd.) | |
| ABSTRACT: | Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to provide the following update on the Company's operations at Leigh Creek Copper Mine ("LCCM") including the results from a completed feasibility study on the first stage development at Paltridge North and an updated feasibility study on the Lynda and Lorna Doone deposits. Commenting, John Peters, Managing Director of Strategic Minerals, said: "The Company's development of the Leigh Creek Copper Mine has been undertaken carefully to identify all the key risks associated with this project, and especially those that impacted previous options. The feasibility study and associated documentation is ready to be submitted for permitting and soon thereafter, subject to regulatory approval and financing, recommencement of operations with a very short lead time. The Company has been focussed on ensuring this project is on the surest footing for both the Company and for prospective partners and investors. "Throughout this de-risking process, the Company has been in talks with various parties to secure adequate funding to recommence sales at LCCM. Advanced discussions are ongoing and whilst no agreement has yet been reached, the Board remains confident that there will be a successful outcome to move LCCM forward." | |
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