Leigh Creek – Extension to Purchaser Payment
Extension of 14 days granted for purchaser payment of A$100,000 for call option on Leigh Creek Copper Mine.
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Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, announces that further to its announcement of 24 April 2025, it has agreed to an extension of 14 days with the Purchaser in respect of the payment to Strategic Minerals of A$100,000 for an exclusive call option to acquire 100% of the Leigh Creek Copper Mine (the "Call Option").
| >0.45 <0.65 | 1.50 | 0.18 | 0.21 | 0.30 | 0.58 | 0.41 |
| >0.65 | 10.20 | 0.62 | 0.16 | 0.53 | 1.26 | 0.88 |
| Total Inferred Resource | 11.70 | 0.56 | 0.16 | 0.50 | 1.17 | 0.82 |
1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively
In March 2018, the Company acquired the Leigh Creek Copper Mine situated in a copper rich belt of South Australia. In April 2025, the Company signed a non-binding Heads of Agreement to sell the Leigh Creek Copper Mine.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.