Mining Update November 2021

November 25th 2021

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is pleased to announce that its 100% owned subsidiary Cornwall Resources Limited (“CRL”) has identified further significant high-grade tin in four pit samples taken to the west of its main Redmoor deposit (“Redmoor” or the “Project”) as a follow up of positive close-spaced auger sampling reported on 28 September 2021.

Highlights:

•Significant, at or near surface, tin result in pit CRT04, peaking at 0.68% tin.
•All four pit samples taken showed confirmed in-situ mineralisation.
•Reinforces previous trenching and auger results identifying attractive exploration targets.
•Updated internally estimated Project economics now show a large uplift in NPV8 to US$163m with a 33.1% IRR.

Further information can be found on the Company website at https://www.strategicminerals.net/investors/presentations.html

Other news includes:

• Deep Digital Cornwall project on which we are assisting – this is continuing to make good progress, 742 gravity points measured so far, 1261 soils taken. We thank everyone who has helped with this, and plan to share the data with anyone who is interested in the first half of next year.
• James Blight our Senior Geologist has recently left Cornwall Resources after 5 years, to work in Nevada, USA. We wish him every success for the future.
• Dennis Rowland is our new Senior Geologist, who has over 10 years experience and worked as the Project Geologist for West Cumbria mining.

Related Articles:

Mining Update June 2021

Mining Update June 2021

Cornwall Resources Ltd video prepared for the recent G7 meeting. https://www.youtube.com/watch?v=Jq3z0zvinfM