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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.

Record magnetite sales for Strategic Record magnetite sales for Strategic Record magnetite sales for Strategic Record magnetite sales for Strategic Record magnetite sales for Strategic

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.