Strategic Minerals Plc Receives A$296,594-33 Grant From Australian Taxation Office

Strategic Minerals Plc (AIM: SML), has received A$296,594-33 as a Research and Development grant/re-imbursement from the Australian Taxation Office in relation to works conducted at Leigh Creek Copper Mine Pty Ltd. The grant relates to a portion of the work undertaken, and a subsequent claim is expected in 2020. In the meanwhile, the management is evaluating funding alternatives to bring forward a portion of this anticipated payment.

On 6th September 2019, at the time of writing, GMT 11:50 AM, SML shares were trading at GBX 0.97, down by 0.49 points or 4.83% against the previous day closing price.