Strategic Minerals SML.LN Rail Head Joint to Cobre signals the start of large scale shipping and earnings

RNS Number : 0200G
Strategic Minerals PLC
25 June 2012



For immediate release: 0700hrs 25 June 2012

Strategic Minerals Plc
("Strategic Minerals" or the "Company")

Completion of rail upgrade at its Cobre mine in New Mexico

Strategic Minerals Plc (AIM: SML; USOTC: SMCDY) today announces that the rehabilitation and upgrade of the rail link to its magnetite deposit at the Cobre Mine in New Mexico is now complete, which will enable the commencement of rail shipments of its magnetite iron ore to begin. It is anticipated that shipment of commercial quantities of ore will start over the next 90 days. At full capacity the rail facility will be able to handle over 50,000 dry metric tonnes per month.

Paul Harrison, CEO of Strategic Minerals, said:
"We are delighted that this milestone in the development of the Cobre mine has now been completed. It will allow us to accelerate the supply of our high quality magnetite ore to commercial customers and build up our revenues significantly. To date we have only been able to truck haul a limited amount of product from the mine site to US domestic customers."

About Strategic Minerals
Strategic Minerals PLC (AIM: SML; USOTC: SMCDY) is developing a portfolio of projects that provide near term production and revenues along with exploration assets that offer significant potential in the longer term. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia. The Company has commenced production at its first magnetite operation, the Cobre stockpile in New Mexico and intends to develop a number of other projects within the same segment.

www.strategicminerals.net

Vatukoula Gold CEO Dave Paxton Share Purchase Signals VGM Turnaround

Vatukoula Gold Mines plc notes that on 22 June 2012 David Karl Paxton, CEO acquired 50,000 at 27 pence per share. David Karl Paxton now holds 225,000 ordinary shares, 0.19% of the issued share capital

The transition into mining more ore body via footwall method should start to feed into VGM figures over the next quarter following the exogenous shock of the recent flooding which skewed VGM figures during the last quarter. The quarter preceding the flooding showed VGM making some great progress on the mining front
At 27 p VGM shares are clearly cheap!!!!

TAIA Lion Resources Dedicated to Delivering Near Term Low Cost Production

TAIA Lion Resources, Sierra Leone's leading gold exploration and development company, will work to secure fast track production and regional economic development, by processing it's gold ore body through an initial gravity feed cyclone recovery system.

Commenting CEO Ari Untracht said, "TAIA Lion Resources was set up to be in the gold business and to deliver economic returns to shareholders and stakeholders as fast as possible. Our strategy has always been to enter production as soon as possible and we are confident we can initially deploy a low cost gravity feed cyclone recovery system to help process our Gori Hills or Lake Sonfon ore bodies. This will enable TAIA to swiftly move into the the production and earning phase, albeit limited. Our company was set up to produce and if we can deliver small scale micro production of gold and begin our economic generation process early and build it up over time, I am convinced, in today's market,that is what both our shareholders and stakeholders want and importantly what the market will respect. All too often the mining industry takes an age to move from exploration to production. At TAIA we are in the mining business to generate money and we want to do that quickly and we make no excuses for that"

To enter large scale production TAIA still benefits from a low capex exposure of circa 70 million USD, a figure that is relatively easy to secure via standard project finance terms.
TAIA's plan to enter near term low cost low output production is the right approach and demonstrates that the board clearly places an emphasis on business generation, rather than market generation.
We like TAIA's approach.

Brazilian Gold Corp BGC.TSXV Share Price Heads Upwards as Production Phase is in Sight

Check out Brazilian Gold Corp BGC. TSX.V Now entering an exciting transition phase from exploration and entering into limited production and earnings
Well done the BGC Team, dedicated, hard working, focused and always working to deliver production and cash generation, you are nearly there.

Brazilian Gold Corp BGC.TXV Heads Towards Production

Fantastic interview with Brazilian Gold CEO Ian Stalker, who is doing all the right things with shareholders and investors money in Brazil, where the company can now see the production phase on the horizon
Check this out


Brazilian Gold Corp. Looking To Produce in 2013 - Got Gold Report
Brazilian Gold Corporation (TSXV: BGC)(www.braziliangold.ca) "has a nice, thick economic ...
www.gotgoldreport.com/.../brazilian-gold-corp-looking-to-pr...

URU Metals world class nickel sulphide discovery over 1 billion tonnes

URU Metals look for excellent payback at nickel project Market ...
URU Metals the exploration and development company with uranium interests in Niger and South America and nickel interests in southern Africa has announced ...
shares.telegraph.co.uk/news/article.php?id=4383972&epic...

Vatukoula Gold VGM.LN Rising Gold Price Will Support Underground Mining Transition

Vatukoula Gold mines the London listed gold miner whose main asset is their large scale gold mining operation in Fiji, are currently benefitting from the increase in the gold price as the company moves its underground mining operation into the more efficient footwall
Process. The company is expected to start mining higher grades and will lower its development rate, in a move that will bring down the cash cost per ounce.
The high gold price is providing VGM with a nice window in which to make this transition. Shares are trading at just under 40p close to a 52 week low.