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Strategic Minerals Says Cuprum Metals Exercise Option to Acquire Australian Copper Mine

MT Newswires·12/22/2025 07:12:01
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07:12 AM EST, 12/22/2025 (MT Newswires) -- Strategic Minerals (SML.L) said Monday that South Pacific Mineral Investments, d/b/a Cuprum Metals, exercised its option to acquire the former's Leigh Creek copper mine in South Australia. Cuprum Metals will pay the mineral explorer and producer an initial AU$150,000 by Wednesday, and pay AU$1.8 million to acquire the mine on the earlier of completion of a definitive agreement, or May 31, 2026. Axis Mining & Minerals had held the exclusive call option, which was novated to Cuprum Metals.