Annual Report 2015 to Shareholders
Sydney, Oct 19, 2015 AEST (ABN Newswire) - Strategic Elements Ltd (
ASX:SOR) are pleased to provide the Company's Annual Report for 2015 to shareholders.
Chairman's Letter:
Dear Shareholder,
This year has been a significant year for the Company and something we should collectively be pleased with.
Significantly, the benefit of the Pooled Development Fund has allowed the Company to increase its sector exposure across both the Technology and the Resources sectors. The Board believes that pursuing a strategy of diversification will position the Company for greater potential growth in the medium term and offer greater resilience for shareholders.
The Company has achieved a number of important milestones this year, this includes:
- Australian Advanced Materials signing a significant licence with the University of New South Wales (UNSW) to develop and exploit the Nanocube memory technology which has been under development for 2 years.
- Establishing Maria Resources with Dr Franco Pirajno and lodging the Officer Project and the Impact Projects.
- Strategic Materials developing a number of drill targets within the Golden Blocks project in New Zealand.
- Completing a successful capital raising in difficult market conditions.
The Company is working very hard in the short-term to focus on Australian Advanced Materials whilst continuing to manage and progress Maria Resources and Strategic Materials. We look forward to keeping all of our shareholders up to date on the exciting developments occurring within the Company moving forward.
Finally, the Board would like to thank all shareholders for their continuing support of the Company, specifically in our recent capital raising, which was one of the most successful Share Purchase Plan raisings for any small cap Company in the last couple of years.
We look forward to providing more value to shareholders over the coming period.
Seng Yap
Chairman
To view the Annual Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SOR-737693.pdf
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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