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18 August 2025 23:11:07
- Source: Sharecast
Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
PCA Dealing
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), an international mineral exploration and production company, announces that it has been notified that Alexandra Manners, a person closely associated ("PCA") to Charles Manners, a PDMR of Strategic Minerals, has today acquired 2,641,809 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 0.30 pence per Ordinary Share. The resultant beneficial shareholding of Mr Manners is 100,000,000 ordinary shares representing 4.26% of the Company's issued share capital.
PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Alexandra Manners
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2
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Reason for the notification
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a)
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Position/status
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PCA of Charles Manners, Executive Chairman |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Strategic Minerals Plc
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b)
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LEI
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213800DICA5NPVOJT776 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument |
ordinary shares of 0.1p each |
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Identification code |
ISIN: GB00B4W8PD74 |
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b)
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Nature of the transaction
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Purchase of Ordinary Shares
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c) |
Price(s) and volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
N/A single transaction as per 4 c) above.
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- Price |
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e)
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Date of the transaction
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18 August 2025 |
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f)
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Place of the transaction
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XLON |
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For further information, please contact: |
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Strategic Minerals plc |
+44 (0) 207 389 7067 |
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Mark Burnett |
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Executive Director |
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Website: |
www.strategicminerals.net |
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Email: |
info@strategicminerals.net |
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Follow Strategic Minerals on: |
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X: |
@SML_Minerals |
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LinkedIn: |
https://www.linkedin.com/company/strategic-minerals-plc |
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SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 |
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Nominated Adviser and Broker |
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Matthew Johnson/Charlie Bouverat/Grant Barker |
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Zeus Capital Limited |
+44 (0) 203 829 5000 |
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Joint Broker |
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Harry Ansell/Katy Mitchell |
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Vigo Consulting |
+44 (0) 207 390 0234 |
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Investor Relations |
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Ben Simons/Peter Jacob/Anna Sutton |
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Email: |
strategicminerals@vigoconsulting.com |
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Notes to Editors
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.
In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.
The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:
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Cut-off (SnEq%) |
Tonnage (Mt) |
WO3 % |
Sn % |
Cu % |
Sn Eq1 % |
WO3 Eq % |
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>0.45 <0.65 |
1.50 |
0.18 |
0.21 |
0.30 |
0.58 |
0.41 |
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>0.65 |
10.20 |
0.62 |
0.16 |
0.53 |
1.26 |
0.88 |
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Total Inferred Resource |
11.70 |
0.56 |
0.16 |
0.50 |
1.17 |
0.82 |
1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively
More information on Cornwall Resources can be found at: https://www.cornwallresources.com
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.
In March 2018, the Company acquired the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with South Pacific Mineral Investments Pty Ltd trading as Cuprum Metals to acquire 100% of the project.
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