Strategic Minerals plc announced the results for the 1 metre sampling for the nickel and cobalt targets at Central Australian Rare Earths' tenements at Hanns Camp, Western Australia, east of Laverton. In September 2017, a 49-hole air core drilling programme was completed across the extent of the known Hanns Camp ultramafic rocks. The drilling targeted a concentration of cobalt and nickel within the lateritic weathering profile. All holes were drilled vertically for a total of 1,915 metres drilled with an average depth of 39m. 23 of the 49 holes intersected nickel cobalt mineralisation. The initial results of the drilling programme were released to the market on 2 November 2017. The assays as that time were based on 4 metre sample intervals. A follow up, more focussed sampling and assaying campaign was completed on the 1 metre sample intervals in December 2017. The mineralised portions of the 23 holes were resampled and assayed for a total of 261 samples. The stronger intersections are included below: HCAC004: 10m @ 0.65% Ni and 0.05% Co (0.93% Ni eq. or 0.18% Co eq.) from 9m; HCAC015: 10m @ 0.63% Ni and 0.04% Co (0.83% Ni eq. or 0.16% Co eq.) from 16m; HCAC028: 17m @ 1.20% Ni and 0.07% Co (1.57% Ni eq. or 0.31% Co eq.) from 31m; HCAC029: 4m @ 1.35% Ni and 0.16% Co (2.18% Ni eq. or 0.43% Co eq.) from 17m; HCAC030: 6m @ 0.72% Ni and 0.10% Co (1.24% Ni eq. or 0.24% Co eq.) from 8m; HCAC039: 3m @ 1.11% Ni and 0.23% Co (2.28% Ni eq. or 0.45% Co eq.) from 37m; HCAC048: 12m @ 1.04% Ni and 0.06% Co (1.36% Ni eq. or 0.27% Co eq.) from 29m; and HCAC049: 16m @ 0.93% Ni and 0.07% Co (1.30% Ni eq. or 0.26% Co eq.) from 48m. The resampling has resulted in a moderate increase in the final grades mostly as a result of improved assaying techniques. Over equivalent intervals the NiEq grade has increased by approximately 10%. In an new development for the Project, Dr. Gole has identified the existence of komatiite lava channel-facies rocks within the Hanns Camp ultramafic which is one of the key requirements for the potential accumulation of nickel sulphides. The recent air core drilling was a major contributing factor to this development, with geological and geochemical analysis allowing discrimination of the previously unrecognised channel. This is a highly significant finding and potentially has major implications for nickel sulphide exploration both at Hanns Camp and of other CARE tenements within the district. SML are currently reviewing the geochemistry of the base of the air core holes and historic electromagnetic (EM) geophysical surveys to further identify and refine potential targets for additional exploration. The Board considers that, during 2018, further substantial exploration is warranted to further test the potential for nickel sulphides.