STRATEGIC MINERALS PLC

• ⚠

  Material uncertainty over going concern

  The Company and Group forecasts that to have sufficient funds to meet all operating costs until 31 December 2026, the Company and Group is reliant on cash being generated from its magnetite revenue. The group does not have guaranteed revenue for the period to 31 December 2026 and the level of the group's future revenue and associated cashflow receipts cannot be determined with any certainty.

1. STRATEGIC MINERALS PLC 2011-02-09 → present
2. STRATEGIC MINERALS LIMITED 2010-11-16 → 2011-02-09

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company and Group forecasts that to have sufficient funds to meet all operating costs until 31 December 2026, the Company and Group is reliant on cash being generated from its magnetite revenue. The group does not have guaranteed revenue for the period to 31 December 2026 and the level of the group's future revenue and associated cashflow receipts cannot be determined with any certainty.”

Group structure

1. STRATEGIC MINERALS PLC · parent
   1. Central Australian Rare Earths Pty Ltd 100% · Australia · Exploration and development
   2. Iron Glen Holdings Pty Limited 100% · Australia · Holding Company
   3. Southern Minerals Group LLC 100% · USA · Sale of magnetite
   4. SMG Cobre LLC 100% · USA · Holding Company
   5. Ebony Iron Pty Limited 100% · Australia · Holding Company
   6. Leigh Creek Copper Mine Pty Ltd 100% · Australia · Exploration and development
   7. Iron Glen Pty Ltd 100% · Australia · Dormant Company
   8. Cornwall Resources Limited 100% · United Kingdom · Exploration and development

Significant events

• “Post year-end, the Company raised gross proceeds of £1m through a share placement to accelerate development of the Redmoor Tungsten-Tin-Copper Project in Cornwall.”
• “Post year-end, CRL secured over £764k of matched grant funding investment from the UK Government, through its UK Shared Prosperity Fund, managed by the Cornwall and Isles of Scilly Good Growth Project.”
• “Post year end, the Company signed a non binding heads of agreement to grant a purchaser a call option to acquire LCCM.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +200.9%

  £1,169,014 → £3,517,420

• Cash

  +454.5%

  £83,024 → £460,341

• Net assets

  +33.1%

  £2,766,494 → £3,681,245

• Employees

  +9.1%

  11 → 12

• Operating profit

  +123.5%

  -£6,722,016 → £1,577,465

• Profit before tax

  +123.2%

  -£6,732,394 → £1,563,380

• Wages

  +62%

  £300,222 → £486,286

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers