Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksALS.L Share News (ALS)

  • There is currently no data for ALS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Altus Strategies gives Indiana Resources an extension to exclusivity period

Fri, 03rd 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
29 Apr 2022 16:42

TRADING UPDATES: UP Global in strong interims; Sylvania quarter solid

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
26 Apr 2022 21:13

IN BRIEF: Altus Strategies shows strong drilling results at Tabakorole

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Shows encouraging gold results from reverse circulation drilling at the Tabakorole gold project in Mali, in which Altus holds a 2.5% net smelter return royalty on production and a 30% equity stake in the project.

Read more
19 Apr 2022 12:24

Altus gets new mining licence for Diba project in Mali

(Sharecast News) - Altus Strategies said on Tuesday that Mali's Ministry of Mines, Energy and Water has issued a small-scale gold mining licence for its wholly-owned 83.1 square kilometre Korali Sud licence, containing the Diba gold project, in the west of the country.

Read more
19 Apr 2022 12:02

TRADING UPDATES: Cerillion profit up; Iofina says iodine demand strong

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
12 Apr 2022 21:28

TRADING UPDATES: Hornby sales rise; Victoria weathers inflation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
12 Apr 2022 12:02

Altus granted 10-year licence for Morocco's Agdz mine

(Sharecast News) - Altus Strategies announced on Tuesday that Morocco's Ministry of Energy Transition and Sustainable Development has issued a 10-year mining licence for its wholly-owned Agdz copper and silver project.

Read more
5 Apr 2022 20:45

TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
17 Mar 2022 19:43

TRADING UPDATES: 4Global to top forecasts; Nanoco wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Tuesday and not separately reported by Alliance News:

Read more
15 Feb 2022 14:20

Altus intercepts 'significant' gold zone in Mali drilling

(Sharecast News) - Altus Strategies announced the intersection of a "significant" gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence on Tuesday.

Read more
14 Feb 2022 22:19

TRADING UPDATES: BioPharma backs Collegium; Eurasia creates Kola

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:

Read more
1 Feb 2022 22:07

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

Read more
1 Feb 2022 15:02

Altus Strategies completes final close on Newcrest royalty acquisitions

(Sharecast News) - Altus Strategies has completed the second and final closing of the recently-announced acquisition of a portfolio of 24 royalties and royalty interests from Newcrest Mining, it announced on Tuesday.

Read more
20 Jan 2022 21:13

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.