Business
Half Yearly Report
Half Yearly Report.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2578N Strategic Minerals PLC 31 August 2011 \n \n\nStrategic Minerals plc\n \n(\"Strategic Minerals\", \"SML\" or the \"Company\")\n \nInterim results for the period ended 31 May 2011\nStrategic Minerals Plc (AIM:SML) the iron ore and metals developer operating in Queensland, Australia today, announces its interim results for the period from incorporation on 16 November 2010 to 31 May 2011.\n \n \n \n \n\n\n\n\nCompany\n\n\n\n\n\n\n\nStrategic Minerals plc\n\n\n+61 755 324 448\n\n\n\n\nMatthew Bonthrone\n\n\n+44 (0) 7730 402 783\n\n\n\n\n\n\n\n\n\n\n\n\nNominated Adviser/Joint-Broker\n\n\n\n\n\n\n\nAllenby Capital Limited\n\n\n+44 (0) 20 3328 5656\n\n\n\n\nBrian Stockbridge/James Reeve\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJoint-Broker\n\n\n\n\n\n\n\nDaniel Stewart & Company Plc\n\n\n+44 (0) 20 7776 6550\n\n\n\n\nSean Lunn/Oliver Rigby\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Public Relations\n\n\n\n\n\n\n\nThreadneedle Communications\n\n\n+44 (0) 20 7653 9850\n\n\n\n\nLaurence Read/Beth Harris\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRetail Investor Relations\n\n\n\n\n\n\n\nGTH Communications Limited\n\n\n+44 (0) 20 3103 3903\n\n\n\n\nToby Hall/Christian Pickel\n\n\n \n\n\n\n\n\n\nChairman's Statement\n \nDear fellow shareholders,\n \nIt gives me pleasure to present the first interim report for your company since our admission to AIM and the placing of ordinary shares to raise £750,000.\n \nWe have used the net proceeds of that placing to continue our exploration at the Iron Glen property and as you will have seen from our announcements this has produced some encouraging results. In particular, I would draw your attention to the fact that the prospect is still \"open\" on all sides. This means that we still have not found the edges of the deposit and it is thus larger than we first anticipated. Also, you should note that we have continued our analysis of the polymetallic nature of the prospect which we identified at the end of the first phase of exploration.\n \nIn line with the acquisition programme, set out in our Admission document, on 19 August 2011, the company announced that it had entered into a heads of terms agreement with Ebony Iron Pty Ltd for the acquisition of its entire share capital. Ebony has prospective iron ore tenements in Australia but al...