Article

Strata Investments achieved a 13-fold increase in operating profit to £8.1 million, attributed to rising copper prices and the revaluation of its 2% uncapped net smelter royalty (NSR) over the A4 copper-silver project in Botswana's Kalahari Copper Belt. The NSR's valuation rose from £17.5 million to £21.2 million, accounting for about two-thirds of Strata's year-end net asset value. Sandfire Resources, valued at A$9.4 billion, is increasing production at the A4 project and advancing the nearby A1 deposit towards a maiden order reserve and pre-feasibility study by the end of the year.