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Strategic Elements Ltd (ASX:SOR) Seeks Copper-Nickel-Cobalt in Newly Granted Prospecting Permit.

Sydney, Australia, Nov 28, 2012 - (ABN Newswire) - Strategic Elements Ltd (ASX:SOR) has been granted a prospecting permit over the Blue Mountain project in New Zealand. Historical exploration reports from the 1980's confirmed that Blue Mountain contains economic grades of the rare metal cobalt, along with copper and nickel in veins of sulphides at surface.

As with many areas in New Zealand, no geophysical survey has ever been conducted to identify buried zones of sulphides with potential to host large scale deposits.

In 2012 the Company substantially increased its portfolio of New Zealand based projects. Blue Mountain was the last remaining project awaiting grant by the New Zealand government.

About Strategic Elements:

The Company generates multi-commodity assets with exposure to rare and precious metals. (e.g. rare earths, tungsten, tin, gold, silver). This includes the development of projects in territories with large-scale potential where modern techniques have yet to be applied. The Company strategically restricts its activities to countries with low political risk.

The Company is registered by the Federal government as a Pooled Development Fund, which enables most shareholders to pay no tax on capital gains or dividend income received from their shareholding in the Company. This structure has the potential to significantly multiply the benefit of any capital gain made by the Company's shareholders.

Source:

Strategic Elements

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Publication:ABN Newswire
Geographic Code:8NEWZ
Date:Nov 28, 2012
Words:239
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