News: NAE New Age Exploration says signs agreement with Strategic Minerals Plc, page-5

John Peters, chief executive of Strategic Minerals PLC (LON:SML), says the value of the Redmoor project, which the company announced it had acquired a stake in on Thursday, could “go through the roof” if the tin market picks up.

The minerals production and development company has provisionally agreed to take an interest in the tin/tungsten project in Cornwall, acquiring it from Aussie firm New Age Exploration Limited.
Peters tells Proactive Investors the project has been “developed to a point where further testing should show the size and quality of the core material and that should in fact expand what’s there already, so there’s value to be added just by doing that.”

He says the tin/tungsten market is “interesting”, adding that “tin at the moment is looking fairly well like it is starting to get towards a period where it might start to upswing”.

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