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Strategic makes Leigh Creek copper move

Mineral development and production company Strategic Minerals (LN:SML) has agreed to acquire 100% of the idled Leigh Creek copper mine in South Australia from privately-owned Resilience Mining Australia.

Strategic makes Leigh Creek copper move Strategic makes Leigh Creek copper move Strategic makes Leigh Creek copper move Strategic makes Leigh Creek copper move Strategic makes Leigh Creek copper move

The old Mountain of Light mine at Leigh Creek

The two companies have entered into a binding term sheet for the project, which for Strategic represents a "near-term, low-capex copper production opportunity with early cashflow generation