Strategic Minerals plc announced Magnetite Ore sales results on Cobre Operations for the fourth quarter and full year ended December 2017. The company reports that it achieved sales of USD 2.139 million (30,730 tons) during the December 2017 quarter, marginally up on the September quarter (USD 2.036 million /29,539 tons) and again setting a new quarterly record. Given that the September quarter partly reflected clearance of prepaid June tonnage, this is a strong result. The company achieved sales for the December 2016 quarter was USD 533,000 (9,432 tons).

The 2017 annual sales of USD 5.638 million (84,980 tons) represents over a 300% increase on 2016 sales of USD 1.552 million (25,385 tons).

Subject to audit review, the board anticipates 2017 will see the company record its first before tax profit in excess of USD 1 million.