– UK, London – Strategic Minerals plc (LON: SML / USOTC: SMCDY), a producing mineral company, announced its intention to appoint Charles Manners and Mark Burnett to the Board of Directors, subject to the completion of regulatory due diligence. Once appointed, Charles Manners will be appointed Chairman.
John Peters, Managing Director said: “I am pleased to see the involvement of major shareholders in the active management of the Company and both Peter Wale and I look forward to working closely with both Charles and Mark in the future.”
About Charles Manners
Charles Manners has been the largest shareholder in SML for several years and is the beneficial holder of approximately 4.8% of the issued share capital. He worked in Investment Banking from 1985 until 2009, latterly as a Senior Managing Director and Head of Fixed Income Sales at Nomura International PLC. From 2009 to 2016, he was a co-founder and partner in an advisory firm, focused on tailored structured solutions. He was a Non-Executive Director of Asset Trust Housing Association Limited, a regulated provider of affordable shared-ownership housing, and is a Director and Chairman of the Board of Campden Charities. In addition, he is an extensive investor, focussed primarily on natural resources, healthcare, and real estate.
About Mark Burnett
Mark Burnett is Director of Mining Investments at RAB Capital, a leading mining specialist investor in London, with over 10 years of investing and corporate finance experience in extractive industries across North America, Australia, and Europe. He is the interim chair of a critical metals company operating in Africa and a Non-Executive Director of a critical metals company operating in the USA. He represents Philip Richards who holds approximately 4% of the Company’s issued share capital.
Strategic Minerals plc
Strategic Minerals plc is an AIM-quoted, profitable operating minerals company actively developing projects tailored to materials expected to benefit from strong demand in the future. It has an operation in the United States of America along with development projects in the UK and Australia. The Company is focused on utilizing its operating cash flows, along with capital raisings, to develop high-quality projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
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 utilized to cover company overheads and invest in development projects aimed at supplying the metals and minerals likely to be highly demanded in the future.
Since June 2020, the Company has been a 100% owner of Cornwall Resources Limited having been involved in the project since early 2016. CRL is the developer of the Redmoor Tin/Tungsten project in Cornwall, UK. Exploration drilling programs were undertaken in 2017 & 2018 resulting in subsequent upgraded resource definitions & a scoping study in 2020. In April 2024, CRL gained access to substantial additional exploration rights in the prospective Tamar Valley area, quadrupling its overall mineral rights footprint.
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 temporarily into production in April 2019. In July 2021, the project was granted conditional approval by the South Australian Government for a Program for Environmental Protection and Rehabilitation (PEPR) about mining of its Paltridge North deposit and processing at the Mountain of Light installation. In late June 2022, an updated PEPR, addressing the conditions associated with the July 2021 approval, was approved.
For more information: https://www.strategicminerals.net/
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