Strategic Minerals Plc · LSE:SML
Strategic Minerals — Investor Presentation (September 2026)
21 slides from Strategic Minerals's investor presentation, September 2026
Slide 1: Advancing Europe's Highest-Grade Undeveloped Tungsten Deposit
Advancing Europe’s Highest-Grade Undeveloped Tungsten Deposit AIM: SML USOTC: SMCDY
Slide 2: Disclaimer
IMPORTANT NOTICE Disclaimer The information contained in this document (“Presentation”) has been prepared by Strategic This Presentation should not be considered as the giving of investment advice by the Minerals plc (the “Company”). While the information contained herein has been prepared in Compan
Slide 3: Headlines
PROJECT HEADLINE S Headlines 17.4 Mt @ 0.65% WO₃ Eq JORC (2012) Inferred 2026 MRE — 17.4 Mt at 0.49% WO₃, 0.17% Sn & 0.44% Cu Europe’s highest-grade undeveloped tungsten project* — also contains strategic and critical mineral co-products of tin, copper and silver Base Case of $1.54 Bn NPV(8%) & 40%
Slide 4: Board
LEADERS HIP Board Charles Manners Mark Burnett Philip Haydn-Slater Luke Rogers Executive Chair Executive Director Non-Executive Director Non-Executive Director Over 30 years in finance and investment. Former Director of Mining Investments at a 35+ years in institutional sales and Extensive internati
Slide 5: Our Projects
PORTFOLIO Our Projects Cobre Magnetite Stockpile Redmoor Tungsten-Copper-tin Project Leigh Creek Copper Mine New Mexico, USA · Subsidiary: Southern Cornwall, UK · Subsidiary: Cornwall South Australia · Subsidiary: Leigh Creek Minerals · Acquired: 2011 Resources · Acquired: 2019 Copper Mine · Acquire
Slide 6: Corporate Snapshot
CAPIT AL MARKETS Corporate Snapshot Key Information VALUATION SNAPSHOT Exchange AIM Ticker SML ~£140m Issued Share Capital 2,818,775,969 (~$186m) — market cap @ 5p per share Options 233,675,000 $1.54bn* Substantial Shareholders Redmoor (2026) NPV (8%) Charles Manners (Chair) 3.55% Gregory John Coffe
Slide 7: Redmoor Tungsten-Copper-Tin Project
FLAGSHIP ASSET Redmoor Tungsten-Copper-Tin Project Europe’s highest-grade undeveloped tungsten deposit and the 2nd highest globally Potential strategic, secure supply of Western world critical minerals Significant, high-grade Inferred mineral resource within the Redmoor Sheeted Vein System Completed
Slide 8: UK SPF Match-Grant Programme 2025–26
GOVERNM ENT-BACKE D PROGRAMME UK SPF Match-Grant Programme 2025–26 £1.53m exploration project over 12 months, co-funded by a Shared Prosperity Fund grant and Strategic Minerals “Exploration drilling and related activities to enable the accelerated ALL OBJECTIVES COMPLETED development of the Redmoor
Slide 9: Exceptional Drillhole Results
2025–26 DRILLING PROGRAMME Exceptional Drillhole Results CRD033 — Multiple high-grade tungsten zones throughout the full 90m thickness of the SVS CRD034b — Very high-grade sample intersections and multiple thick zones of mineralisation CRD035 — Good structural grade continuity within the SVS high-gr
Slide 10: Redmoor 2026 MRE
MINERAL RESOURCE ESTIMATE Redmoor 2026 MRE 49% increase in tonnage within the 2026 MRE, including contained metals increases: Tungsten trioxide (WO₃): 31% increase in contained WO₃ Copper (Cu): 30% increase in contained Cu Tin (Sn): 55% increase in contained Sn Silver (Ag): average grade of 5.8 g/t,
Slide 11: Redmoor 2026 MRE Comparison
MINERAL RESOURCE ESTIMATE Redmoor 2026 MRE Comparison 2019 2026 Plan view of the previously modelled high-grade domains (in gold) used in the Plan view of the deposit including the newly modelled high-grade domains (red—tungsten, 2019 Redmoor MRE green—tin) and the lower-grade sheeted vein system en
Slide 12: 2026 Economic Sensitivity Analysis
PROJECT ECONOMICS 2026 Economic Sensitivity Analysis Highly profitable Base Case scenario Summary of economic sensitivity analysis cases (after tax) for the Redmoor Project Output Base Case Upside Case 2026 MRE Case Low Case $1.54 Bn 40% NPV (8%) US$1.54B US$2.71B US$0.88B US$0.55B NPV (8%) Ungeared
Slide 13: NPV Sensitivity to Metal Prices
PROJECT ECONOMICS NPV Sensitivity to Metal Prices Current prices exceed the model’s Upside Case $1.54 Bn $2.71 Bn NPV (8%) — Base Case NPV (8%) — High Case 2026 Economic Sensitivity Analysis — price assumptions and NPV by case Metal Lowest Low MRE Base High Current* WO₃ 400 704 850 1,200 1,800 2,780
Slide 14: Redmoor — A Globally Significant Resource
GLOBAL CONTEXT Redmoor — A Globally Significant Resource Redmoor’s project economics are underpinned by high-grade tungsten and a diverse mix of co-products Redmoor has the potential to provide a secure supply of European WO₃, coupled with co-products of tin and copper, with silver credits Highest-g
Slide 15: Redmoor — A Market Comparison
GLOBAL CONTEXT Redmoor — A Market Comparison Comparison of global tungsten companies showing tonnage against EV per tonne of contained WO3, with bubble size representing resource grade. Strategic Minerals trades at a fraction of its true small- tonnage peers' EV/t WO₃ multiples, despite having highe
Slide 16: Redmoor — Ongoing PFS Drilling Programme
FEASIBILITY PROGRAMME Redmoor — Ongoing PFS Drilling Programme Largest, continuous diamond-drilling programme undertaken from surface in Great Britain this century — underway to advance Redmoor towards feasibility 22,500m 44+ 9 3 Diamond Resource infill Metallurgical Drill rigs drilling holes holes
Slide 17: Cobre Magnetite Stockpile
PRODUCING ASSET Cobre Magnetite Stockpile Silver City, New Mexico, USA Long-term distribution rights to Cobre Magnetite Stockpile extended in September 2026 through to March 2031 Primarily a logistics operation to process a byproduct of past copper mining into a saleable commodity, via magnetic sepa
Slide 18: Leigh Creek Copper Mine — Sale Agreed
PORTFOLIO RATIONALIS ATION Leigh Creek Copper Mine — Sale Agreed A strategic transaction Layered Consideration Rationalising the portfolio around core assets A$750k Up to A$3.0m Definitive Agreement signed for the sale, subject to conditions Cash consideration Share consideration including FIRB appr
Slide 19: Summary
INVESTMENT SUMMARY Summary World-leading grades: Redmoor is the highest-grade undeveloped deposit in Europe — the second-highest globally 17.4 Mt Accelerated development: advancing through PFS with a 22,500m drilling @ 0.65% WO₃ Eq — 2026 JORC MRE programme across at least 44 resource infill holes a
Slide 20: Contact
C O N T AC T www.strategicminerals.net @StrategicMnrls · X (Twitter) @Strategic Minerals Plc · LinkedIn @StrategicMineralsPLC · YouTube 27–28 Eastcastle Street, London, W1W 8DH I N V E S TO R P R E S E N TATI O N 20
Slide 21: Redmoor 2026 MRE — Supporting Data
APPENDIX Redmoor 2026 MRE — Supporting Data JORC (2012) Compliant Mineral Resource — Inferred Mineral Resource Estimate as of 16 March 2026 Notes on 2026 MRE The Effective Date of the MRE is 16 March 2026, reported in accordance with the Redmoor MRE — tonnages and grades JORC Code (2012 Edition). To
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