– UK / AUSTRALIA – Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the magnetite iron ore producer and exploration company, is pleased to announce the appointment of Mr Peter Stephens to the Board as Non-Executive Director with immediate effect. In 2013 and 2012 Peter was short listed for Grant Thornton’s Non-executive director of the year.
Since 2001 he has been working as a venture capitalist. He is a founding shareholder of Desire Petroleum plc and is a non-executive director GeTech Group plc, which is quoted on AIM, and Chairman of Etherstack (quoted on the ASX). He is also Chairman and CIO of Cavendish Ware, a London based IFA and SIPP manager with approximately £80 million under management and a director and major shareholder in four other UK ventures including Scott Dunn. Peter was previously Head of European Equities Sales at Salomon Brothers and Credit Lyonnais. He has dealt with and advised many of the leading investment managers in the UK over the past 20 years. Peter holds a M.A. in Jurisprudence from Oxford University and qualified as a Barrister in 1978.
James Fyfe, executive Chairman of the Company, said: “We are delighted to have a non-executive director of Peter’s quality and experience joining our Board. His extensive background in AIM listed companies will be a real asset for Strategic going forward. Combined with George Cardona we now have a high quality non-executive director team.”
About Strategic Minerals
Strategic Minerals PLC (AIM: SML) is developing a portfolio of projects that provide near term production and revenues along with those that offer significant potential in the longer term. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia. The Company has commenced production at its first magnetite operation, the Cobre stockpile in New Mexico and is continuing to develop a number of other projects within the same segment.
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