Strategic Minerals Corp NL

Published : August 24th, 2015

Tatu Coal Project Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Tatu Coal Project Update

24 th August 2015

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Tatu Coal Project Update - Commencement of Bulk Sample Work

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that it has, through its 51 per cent owned subsidiary King Country Mining Limited, entered into contracts to produce a bulk sample from the Tatu Coal Project ("Tatu ") on the North Island of New Zealand.

The production of the bulk sample involves not only the extraction of the coal but also the establishment of some of the safety requirements associated with Tatu being an operating mine, and which will form part of the requirements for the future operation of the Tatu mine.

A number of contractors are involved with the delivery of the bulk sample and work safety documentation and procedures, which is expected to cost approximately NZD $280,000 in total to produce. Once the bulk sample has been delivered, it will be tested by the Company's consultants and by potential clients to ensure its suitability for their processes.

The Company is targeting completion of the bulk sample work and feasibility studies in sufficient time that construction of the mine can commence in Q1 2016, subject to positive market feedback and funding being secured. The Board is seeking to secure the funding for construction of the mine through its industry contacts and consultants, which may include joint ventures or debt and has now signed a non-binding Memorandum of Understanding with China Coal Technology Engineering Group (CCTEG) to provide pricing and funding options associated with both the mine equipment and operations.

Managing Director John Peters said "The commencement of the production of the bulk sample is an important step in the delivery of an economically commercial coal mine at Tatu and we look forward to delivering samples to potential customers and finalising feasibility studies as soon as possible.

"I believe we are well positioned to progress the Tatu project and are in discussions with potential contractors, looking to undertake the construction and operation of the mine, to potentially finance the development of the project. The signing of the non-binding MOU with CCTEG reflects this progress "

For further information, please contact:

Strategic Minerals plc

John Peters

Managing Director

+61 414 727 965

Allenby Capital Limited

Nominated Adviser and Joint Broker

Jeremy Porter

James Reeve

+44 (0)20 3328 5656

Cornhill Capital Limited

Joint Broker

James Sheehan

Colin Rowbury

+44 (0)20 3700 2516

Yellow Jersey PR

Financial PR

Dominic Barretto

Kelsey Traynor

+44 (0)779 900 3220

Notes to Editors

Strategic Minerals plc is an AIM quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities.

In September 2011, the Strategic Minerals purchased, its first cash generating asset, the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in March 2015 with the acquisition of the Tatu Coal Mine located in North Island, New Zealand. Strategic Minerals is now developing this project with the expectation it will make its first thermal coal sales by H1 2016.




This information is provided by RNS
The company news service from the London Stock Exchange
ENDMSCPKQDPPBKKAFB
Read the rest of the article at www.noodls.com
Data and Statistics for these countries : China | Jersey | Mexico | New Zealand | United States Of America | All
Gold and Silver Prices for these countries : China | Jersey | Mexico | New Zealand | United States Of America | All

Strategic Minerals Corp NL

CODE : SMC.AX
ISIN : AU000000SMC6
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Strategic Min is a producing silver and gold company based in Australia.

Strategic Min holds various exploration projects in Canada.

Its main exploration properties are MAGNUM and PIKE PROPERTY in Canada.

Strategic Min is listed in Australia. Its market capitalisation is AU$ 26.5 millions as of today (US$ 16.2 millions, € 14.6 millions).

Its stock quote reached its lowest recent point on May 05, 2016 at AU$ 0.00, and its highest recent level on October 18, 2019 at AU$ 0.53.

Strategic Min has 69 630 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Strategic Minerals Corp NL
9/23/2014Calibre Closes $2,000,000 Strategic Financing With Pierre La...
9/17/2014Calibre Announces $2,000,000 Strategic Financing By Pierre L...
Project news of Strategic Minerals Corp NL
2/26/2007Woolgar drilling results identify continuity of Gold Mineral...
Corporate news of Strategic Minerals Corp NL
8/21/20162016 Woolgar Gold Exploration Program Underway (PDF - 245 Kb...
7/29/2016Quarterly Cashflow Report (PDF - 148 Kb)
7/12/2016Change of Registered Office (PDF - 77 Kb)
4/28/2016Passing of Managing Director (PDF - 234 Kb)
1/29/2016Completion of Shortfall Placement (PDF - 82 Kb)
10/27/2015Supplementary Prospectus (PDF - 28 Kb)
10/21/2015Letters to Shareholders (PDF - 164 Kb)
9/3/2015Holding in Company
8/24/2015Tatu Coal Project Update
7/29/2015Quarterly Activities Report and Quarterly Cashflow Report - ...
7/20/2015Director Shareholding
7/16/2015Approval for Change of Control of Tatu Licence
7/15/2015Unmarketable Parcel Share Sale Facility (PDF - 139 Kb)
7/14/2015Total Voting Rights
7/3/2015Annual General Meeting - Clarification of Results (PDF - 77 ...
4/10/2015Grant of Options
3/31/2015Agreement to acquire Tatu Coal Mine
3/30/2015Statement re share price
3/26/2015Holding in Company
1/21/2015Directorate changes
12/22/2014End of Year Update
11/17/2014Final results from 2014 phase 2 dill program - Woolgar (PDF ...
3/28/2014Proposed Entitlement Issue (PDF - 82 Kb)
1/28/2014(RGV:TSX-V) Rio Grande Acquires Strategic Silica Property in...
3/29/2012CNX - Webcast - Confirmed Strategic Direction
1/7/2009Toreador Announces Strategic Moves for Its Turkish Operation...
9/12/2007Begins Drilling at the Timber Copper-Moly Porphyry ProspectC...
6/1/2007INITIATES STRATEGIC PLAN TO SPLIT ITS OPERATIONS AND TECHNOL...
5/22/2007Acquires Strategic Property Within Whitney Gold Project Surf...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (SMC.AX)
0.380+0.00%
AUSTRALIA
AU$ 0.380
03/30 15:32 -
0%
Prev close Open
0.380 0.380
Low High
0.380 0.380
Year l/h YTD var.
0.380 -  0.460 -17.39%
52 week l/h 52 week var.
0.300 -  0.530 5.56%
Volume 1 month var.
1,500 -5.00%
24hGold TrendPower© : 34
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2020-17.39%0.460.46
201958.62%0.530.29
2018-27.50%0.400.29
201733.33%0.410.28
2016971.43%0.360.00
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 3.38-0.88%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 1.70-5.29%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 1.87+2.75%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.69+1.47%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.28%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.01+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.35+3.85%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 0.28-1.79%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 5.03-3.08%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.04-12.50%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.07+5.71%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.73-3.35%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 6.35+0.95%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :