Appointment of Executive Chair

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to announce that, further to the appointment of Charles Manners as a Non-Executive Director in August 2024 and his subsequent election in September 2024 as Chair, Mr Manners will become Executive Chair with immediate effect. This transition to an executive role reflects the significant amount of work Mr Manners has undertaken and continues to undertake to rationalise the Group and refocus the business.

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 the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with Axis Mining & Minerals Pty Ltd to acquire 100% of the project.