Strategic Minerals Plc · LSE:SML
Strategic Minerals — Investor Presentation (October 2026)
19 slides from Strategic Minerals's investor presentation, October 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: Project 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% Source: Gregory Jo
Slide 7: Redmoor Tungsten-Copper-Tin Project
FLAGSHIP ASSET Redmoor Tungsten-Copper-Tin Project Europe’s highest-grade undeveloped tungsten deposit and amongst the highest globally Potential strategic, secure supply of Western world critical minerals Significant, high-grade Inferred mineral resource within the Redmoor Sheeted Vein System 22,50
Slide 8: 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 Oblique view looking south of the updat
Slide 9: 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 10: 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 11: 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 12: 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 13: 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 14: Redmoor - PFS Resource Infill Drilling Programme
FEASIBILITY PROGRAMME Redmoor - PFS Resource Infill Drilling Programme Largest, continuous diamond-drilling programme undertaken from surface in Great Britain this century is underway to advance Redmoor towards feasibility 22,500m 44+ 9 3 Diamond Resource infill Metallurgical Drill rigs drilling hol
Slide 15: 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 Sustainable, profitable operation providing income to underpin operating costs at Redmoor, maximising the impact of explo
Slide 16: Leigh Creek Copper Mine — Sale Agreed
PORTFOLIO RATIONALIS ATION Leigh Creek Copper Mine — Sale Agreed South Australia Layered Consideration Strategic transaction A$750k Up to A$3.0m Rationalising the portfolio around core assets Cash consideration Share consideration Targeting up to 19.9% of Buyer’s to- Definitive agreement signed for
Slide 17: Summary
INVESTMENT SUMMARY Summary World-leading grades: Redmoor is the highest-grade undeveloped deposit in Europe — the second-highest globally 17.4 Mt Supported by US Government IBAS OT investment of US$9.25m to @ 0.65% WO₃ Eq — 2026 JORC MRE accelerate Redmoor through resource infill-PFS-DFS withing 32
Slide 18: 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 18
Slide 19: Redmoor 2026 MRE — Supporting Data
APPENDIX Redmoor 2026 MRE — Supporting Data JORC (2012) Compliant Mineral Resource — Inferred Mineral Resource Estimate as of Notes on 2026 MRE 16 March 2026 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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