Strategic Minerals plc · LSE:SML
Strategic Minerals — Investor Presentation (October 2025)
21 slides from Strategic Minerals's investor presentation, October 2025
Slide 1: Advancing Europe's Highest Grade Undeveloped Tungsten Deposit in Cornwall
MINERAL EXPLORATION & PRODUCTION Advancing Europe’s Highest Grade Undeveloped Tungsten Deposit in Cornwall OCTOBER 2025 AIM: SML, USOTC:SMCDY
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Strategic Minerals plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advis
Slide 3: Board
Board Charles Manners Mark Burnett Philip Haydn-Slater Non-Executive Executive Chair Executive Director Director Over 30 years in finance and Director of Mining Investments at 35+ years in institutional sales investment. Former Senior MD & RAB Capital with 10+ years in and corporate broking. Co- Hea
Slide 4: Our Strategy
Our Strategy • Mix of production and development assets delivering near-term revenue and long- term value creation • Utilise sustainable cash flows from Cobre to unlock full potential of the Redmoor Tungsten-Tin-Copper Project in Cornwall • Develop Redmoor and surrounding area into a leading source
Slide 5: Our Projects
Our Projects Redmoor Tungsten-Tin-Copper Project Cobre Magnetite Stockpile Leigh Creek Copper Mine Cornwall, UK New Mexico, USA South Australia Subsidiary: Cornwall Resources Subsidiary: Southern Minerals Subsidiary: Leigh Creek Copper Mine Acquired: 2019 Acquired: 2011 Acquired: 2018 • Globally sig
Slide 6: Corporate Snapshot
Corporate Snapshot Key Information SML market cap @ 0.60p per share Exchange AIM = ~£14m ($18.7m) Ticker SML Redmoor (2020) NPV8 = $128m* Issued Share Capital 2,349,297,949 Pre-upside potential from current programme, wider area potential Warrants in Issue (0.5p) 20,000,000 and without consideration
Slide 7: Redmoor Tungsten-Tin-Copper Project
Redmoor Tungsten-Tin-Copper Project • Europe’s highest grade undeveloped tungsten deposit and the 2nd highest globally • Potential to supply ~30% of Europe’s tungsten and 15% of the world’s using 2020 Scoping Study numbers and demand forecasts • Significant, high-grade, inferred mineral resource wit
Slide 8: Project Progress to Date
Project Progress to Date • 1st drilling since 2018 began in June 2025 • 9 drillholes planned with 3 completed and second drill rig mobilised • Programme on track to complete in 2025 • All 3 drillholes from Pad 1 intersected full thickness of sheeted vein system • Re-analysis of certain historic dril
Slide 9: Exceptional 1st Drillhole Results
Exceptional 1st Drillhole Results • Standout assay results from drillhole CRD033 (October 2025) including: • 3.05 m @ 1.43% WO3 & 0.54% Cu from 439.70 m • 6.70 m @1.17 WO3 & 0.24% Cu from 447.00 m • 9.35 m @ 0.51% WO3 & 0.48% Cu from 468.65 m • 3.40 m @ 1.24 WO3 & 0.12% Cu from 493.00 m • 10.20 m @
Slide 10: UK SPF Match Grant Funded Project 2025-26
UK SPF Match Grant Funded Project 2025-26 £1.52m exploration project co-funded by a Shared Prosperity Fund Grant and Strategic Minerals “Exploration drilling and related activities to enable the accelerated development of the Redmoor Critical Minerals Project” Within the 12-month timeframe from Apri
Slide 11: Tungsten at Redmoor
Tungsten at Redmoor • Redmoor’s project economics underpinned by high-grade tungsten • Potential to provide ~30% of European WO3%*, with additional tin and copper • Highest grade undeveloped WO₃ deposit in Europe & 2nd highest globally • Potential to add further 4 - 8Mt @ 0.77% WO₃ (Redmoor Explorat
Slide 12: 2020 Scoping Study Outputs
2020 Scoping Study Outputs • Highly profitable Redmoor internal Scoping Study (2020) outputs: Capex Summary US$ M • Ungeared, post-tax IRR of 29% Mine development 16.6 • NPV8 of US$128m* Process plant 35.1 Tailings & paste plant 13.7 • Current metal prices enhance profitability** Land & utilities 5.
Slide 13: 2020 Scoping Study Outputs (Cont.)
2020 Scoping Study Outputs (Cont.) Scoping-level processing and Mineral rights agreement infrastructure study: to 2037 Plant designed to produce 3 concentrate product streams: tin Additional 4-8Mt Exploration Target (cassiterite), tungsten (wolframite) & Strong economic of between 1.0% & 1.4% SnEq c
Slide 14: Tamar Valley Mining District Scale Opportunity
Tamar Valley Mining District Scale Opportunity • Redmoor Tungsten–Tin–Copper Project is located near Kelly Bray and Callington, Cornwall, UK • 23.6 km² Exploration Licence to 2037 and an Option for Mining for up to 50 years • Landmark mineral rights agreement signed (2024) with the Duchy of Cornwall
Slide 15: Strategic & Critical Minerals for the Future
Strategic & Critical Minerals for the Future Tungsten • Strategic value is rising, designated “critical” by UK, EU, US - central to supply chain security • Vital for machining and advanced manufacturing with strategic applications in the defence industry Tin • UK and USA critical mineral, essential
Slide 16: Why Tungsten?
Why Tungsten? • Highest density and melting point of any metal, providing key functions in modern technology and application • Traditional applications being replaced by high tech uses in advanced manufacturing (tungsten wires, nuclear fusion) and defence applications • Global consumption growing by
Slide 17: Cobre Magnetite Stockpile
Cobre Magnetite Stockpile • Silver City, New Mexico, USA • Long-term distribution rights with Cobre Magnetite Stockpile until March 2029 supplying North American industries • Primarily a logistics operation to process a byproduct of past copper mining, into a saleable commodity – via magnetic separa
Slide 18: Leigh Creek Copper Mine
Leigh Creek Copper Mine • 935 km2 project area with past mining activity in a copper rich belt of South Australia • Subject to significant historical exploration and some past production • JORC (2012) Resource of 5.4 Mt @ 0.7% copper for contained copper of 36.4 kt • Granted option to a potential bu
Slide 19: Summary
Summary Unique among explorers: mix of production and development assets World leading grades: Redmoor is the highest-grade undeveloped deposit in Europe – the second highest globally Highly profitable economics: current metal prices enhance profitability plus potential for mine-life extension and e
Slide 20: Contact details
www.strategicminerals.net @StrategicMnrls Follow us on LinkedIn @Strategic Minerals Plc @StrategicMineralsPLC 27-28 Eastcastle Street, London, W1W 8DH INVESTOR PRESENTATION 20
Slide 21: Appendix: Redmoor MRE
Appendix: Redmoor MRE JORC (2012) Compliant Mineral Resource Inferred Mineral Resource Estimate published 14 February 2019: Cut-off (Tin.eq¹ %) Tonnage (Mt) Tungsten Tin Copper Sn Eq1 WO3 Eq Trioxide Sn % Cu % % % WO3 % >0.45 <0.65 1.50 0.18 0.21 0.30 0.58 0.41 >0.65 10.20 0.62 0.16 0.53 1.26 0.88 T
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