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Record magnetite sales for Strategic

Strategic Minerals (LN:SML) expects its annual profit to exceed US$1 million for the first time this year after it sold a record volume of magnetite from its Cobre tailings operations in New Mexico, US, during the September quarter.

Strategic Minerals sold a record volume of magnetite from its Cobre operation during the September quarter

Strategic Minerals sold a record volume of magnetite from its Cobre operation during the September quarter

Sales for the three-month period were 29,539 tonnes, more than four times higher than a year ago when 7,686t were sold. This partially reflected the clearance of prepaid June tonnage for a new client....

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