Strategic Minerals plc has moved closer to focusing solely on its Redmoor tin-tungsten project in Cornwall, following the exercise of an exclusive call option over its Australia copper subsidiary. CASH FLOW The potential buyer, trading as Cuprum Metals, is due to pay the first instalment of A$150,000 (£74,000) to Strategic by no later than 24 […]
Tag: exclusive call option
Strategic receives Leigh Creek call option payment
Cornwall Resources Ltd’s parent company said it had received the A$100,000 for an exclusive call option to acquire the Leigh Creek copper mine in South Australia. REDMOOR If the sale proceeds and completes, Strategic Minerals plc is expected to use net proceeds for its Cornish subsidiary’s Redmoor tin-tungsten project in the east of the county. […]