Business
Update on Projects
Update on Projects.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.\n14 July 2023\nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\nUpdate on Projects\n Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is pleased to provide the following update on the Company's projects.\n \nHighlights\n \n· Cornwall Resources Limited (\"CRL\") continues to seek to expand its mineral footprint in the resources rich Cornwall area and expects to be able to report on progress in the second half of the year. \n \n· CRL was recently notified that its comprehensive grant application to the Cornwall and Isle of Scilly Council (\"CIoS\") Shared Prosperity Fund had proven unsuccessful and is now, with encouragement from CIoS, working on resubmitting a modified version prior to the next application deadline (4 August 2023).\n \n· CRL has been negotiating with unrelated parties as a precursor to potential closer formalised relationships.\n \n· A presentation at Austmine's \"Copper to the World\" conference in Adelaide, in May, has led to a further two parties exchanging confidentiality agreements with the Company and accessing Leigh Creek Copper Mine's (\"LCCM\") data room.\n \nCornwall Resources Limited (\"CRL\")\nThe CRL team has continued to advance the Redmoor project, through completing the Deep Digital Cornwall (\"DDC\") data collection component, work on the grant funding application, re-logging and sampling of existing Redmoor drill core, progressing negotiations for the expansion of mineral rights and additional work programs.\nThe formal working period of DDC closed at the end of June, with an event held at Camborne School of Mines (\"CSM\"), where CRL's Senior Geologist, Rowan Thorne, presented the work to-date. Project partners CSM, CRL and Cornish Lithium plc have ceased all new data collection and have moved into a reporting and project closure stage. This includes providing a copy of all datasets to CSM for long term storage and public access.\nIn the remaining three months of DDC fu...