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Share Price Information for Altus Strategi. (ALS)

London Stock Exchange
Share Price: 4.55
Bid: 4.30
Ask: 4.80
Change: 0.00 (0.00%)
Spread: 0.50 (11.63%)
Open: 4.65
High: 4.65
Low: 4.30
Yest. Close: 4.55
ALS Live PriceLast checked at -

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Altus Strategies gives Indiana Resources an extension to exclusivity period

Fri, 3rd May 2019 14:55

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced on Friday that it has granted ASX-listed Indiana Resources an extension to the exclusivity period, to now end on 14 June.

The AIM-traded firm had given Indiana the exclusivity period to complete due diligence on its Lakanfla and Tabakorole gold projects, with Lakanfla located six kilometres southeast of the Sadiola gold mine in western Mali, and Tabakorole located in southern Mali.

Indiana had requested the extension in light of the time required to process the "substantial" amounts of historical data which existed on the projects.

If publicly disclosing the historical data, Indiana would be required to do so in accordance with ASX reporting standards, the Altus board said.

The extension was further to the announcements by the company on 7 February and 13 March in respect of the signing of, and an extension to, a non-binding terms sheet for a joint venture with Indiana on the projects, whereby - subject to entering a definitive agreement with Altus - Indiana would have the option to earn up to an 85% interest in Legend Mali BVI II, which is a wholly-owned subsidiary of Altus and which holds a 100% interest in the projects.

"Indiana may earn its interest in the projects by funding their exploration and development and in return the company will receive milestone based cash and equity in Indiana, retain a 2.5% net smelter return royalty on the projects and be the operator of the joint venture during the initial earn-in periods," the Altus board said.

"The agreement remains subject to due diligence and other conditions precedent."

More News

Altus Strategies Discovers "Significant New" Gold Prospect In Mali

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5 Sep 19 16:07

Altus Strategies Narrows First Half Losses As Expenses Fall

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC on Thursday reported that it narrowed its first half losses as it made gains on investments and administrative expenses to

29 Aug 19 17:40

Altus discovers multiple hard rock gold workings at Zager

(Sharecast News) - Africa-focussed project and royalty generation company Altus Strategies announced the discovery of multiple hard rock gold workings at its 100% owned 285 square kilometre Zager exploration licence on Thursday, which was targeting volcanogenic massive sulphide (VMS) gold deposits, in the Tigray National Regional State of northern Ethiopia.

15 Aug 19 14:44

Altus Strategies Discovers Gold Workings At Ethiopia Mining Licence

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC said Thursday hard rock gold workings have been discovered at its recently acquired Ethiopian licence.Altus said at

15 Aug 19 12:09

Altus Strategies Unit Signs Option Deal With Firering On Toura Project

(Alliance News) - Altus Strategies PLC on Thursday said its subsidiary Aeos Resources Ltd has signed an option agreement with Firering Holdings Ltd, in respect of the application for the Toura in

25 Jul 19 11:48

Altus Strategies Promotes Financial Controller To Finance Chief

(Alliance News) - Altus Strategies PLC said Wednesday it has promoted Financial Controller Martin Keylock to chief financial officer.He will be replacing David Miles, who stay on in an role

10 Jul 19 16:22

UK Shareholder Meetings Calendar - Next 7 Days

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20 Jun 19 16:02

Altus Strategies Finds New Gold Prospect At Ethiopian Daro Project

(Alliance News) - Altus Strategies PLC on Wednesday said it has discovered a new gold prospect at its Daro copper-gold-solver volcanogenic massive sulphide project in Ethiopia.Rock samples

12 Jun 19 14:27

Altus Strategies Defines Potential Drill Targets At Mali Gold Projects

LONDON (Alliance News) - Altus Strategies PLC said Thursday it has defined several drill and trench targets at its Djelimangara and Sebessounkoto Sun gold licences in Mali.The drill targets

6 Jun 19 12:07

Altus Strategies Unit Gains New Exploration Licence In Ethiopia

LONDON (Alliance News) - Altus Strategies PLC on Monday said its Ethiopian subsidiary, Altau Resources Ltd, has been granted the Zager exploration licence, targeting copper and gold in the grant a

3 Jun 19 13:34

Altus Strategies First Quarter Loss Widens On Expenses, Reduced Fees

LONDON (Alliance News) - Altus Strategies PLC on Thursday said its pretax loss widened in the first quarter of 2018 through a combination of increased administrative expenses and a reduction in to

30 May 19 14:54

Altus Strategies extends southern Mali joint venture with Resolute Mining

(Sharecast News) - Altus Strategies has signed a variation and accession deed with Resolute Mining in respect of the joint venture on its 106 square kilometre Pitiangoma Est project in southern Mali, it announced on Wednesday.

8 May 19 15:23

Altus Strategies gives Indiana Resources an extension to exclusivity period

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced on Friday that it has granted ASX-listed Indiana Resources an extension to the exclusivity period, to now end on 14 June.

3 May 19 14:55

Altus Strategies Considering Funding Options, Quarterly Loss Widens

LONDON (Alliance News) - Altus Strategies PLC on Tuesday mulled funding options for 2019 as it reported a wider fourth quarter loss.The company's fourth quarter pretax loss amounted to

30 Apr 19 18:40

Altus Strategies Outlook Confident As 2018 Loss Narrows On Cost Cuts

LONDON (Alliance News) - Altus Strategies PLC on Tuesday expressed a confident outlook for the year ahead, as it recorded higher gains on investments and lower costs in 2018.The royalty and

30 Apr 19 12:57

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