Call Option Payment Received for LCCM

Call Option Payment Received for

Further to previous announcements on 24 April, 23 May, and 9 June 2025, Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, announces that the Company has received the full payment from Axis Mining & Minerals Pty Ltd (the "Purchaser") of A$100,000 for an exclusive call option to acquire 100% of the Leigh Creek Copper Mine (the "Call Option").

As previously announced, under the Call Option, which is exercisable for a period of six months (or such longer period as may be agreed by the parties), the Purchaser may elect to acquire 100% of LCCM for an initial payment to Strategic Minerals of A$1.9 million in cash. The Purchaser anticipates completing a listing on the Australian Securities Exchange upon which it will, if the Call Option is exercised, issue shares to Strategic Minerals equivalent to 19.9% of the listed vehicle up to a maximum value limit of A$3 million*. The Purchaser will also pay an earn-out to Strategic Minerals equivalent to A$4 million ("Earn-Out Consideration") to be paid on a half yearly basis from the commencement of commercial production from Leigh Creek Copper Mine with each half yearly payment to be the equivalent of 20% of net free cash flows from the prior period.

*In the event of the share issuance to Strategic Minerals being less than A$3 million as a result of the 19.9% limit, the Earn-Out Consideration shall be adjusted to a higher level to reflect the difference in value from the A$3 million maximum limit.

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