Strategic Minerals, plc. shipping magnetite to U.S. and Asian markets
Strategic Minerals, plc., an I2M Client, has begun to ship magnetite to U.S. and Asian markets from the Cobre Mine in New Mexico (more1). SM earlier announced favorable results from their drilling program at the Iron Glen project located in NE Queensland encountering high-quality magnetite but also significant silver, lead, zinc, and copper from an associated mineralized trend at the Lead Belly prospect NW of the Iron Glen pit (more2). I2M prepared the CPR in 2011 for SM as part of their entry to the London AIM (more3). I2M also prepared the application for Iron Glen’s Mineral Development License in 2012, which was subsequently approved by the Queensland Government to place Iron Glen on a fast track to production as the resources are identified and evaluated.