Strategic Minerals (SML) Investor update summary

Corporate progress and strategy

• New management team resolved legacy issues, revitalizing operations and increasing market capitalization from £3 million to £23.5 million in one year.

• The company leverages cash flow from its U.S. Cobre magnetite operation and potential asset disposals to fund Redmoor's development.

• Strategic focus is on developing Redmoor into a leading source of tungsten, tin, and copper, supporting Western critical mineral supply chains.

• The asset portfolio includes production and development assets to deliver near-term revenue and long-term value.

Project portfolio and progress

• Redmoor in Cornwall is a globally significant, high-grade tungsten-tin-copper resource with strong growth potential.

• Cobre Magnetite Stockpile in New Mexico provides stable revenue, with 2024 revenues up 200% to $4.7 million.

• Leigh Creek Copper Mine in South Australia is shovel-ready, optioned to a buyer, and could yield up to AUD 6 million.

• Redmoor's 2025 drilling program is on track, with upgraded facilities and a larger team.

Redmoor project update

• Redmoor is Europe's highest-grade undeveloped tungsten asset, potentially supplying up to 30% of European and 15% of global tungsten demand.

• 2019 JORC MRE: 11.7 Mt @ 0.56% WO3, 0.16% Sn, 0.50% Cu; significant high-grade intersections confirmed in 2025 drilling.

• Recent drilling confirmed high-grade, continuous mineralization, with exceptional tungsten and copper assay results; tin assays are pending.

• Ongoing drilling aims to upgrade the resource from inferred to indicated, expand the resource base, and support a new mineral resource estimate by Q1 2026.

• Match grant-funded program aims for an updated MRE and investment-ready business case by spring 2026.