8 Jun 2017 10:50
Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Mining
 8 June 2017
Alecto Minerals plc ("Alecto" or the "Company")
Notice of Annual General Meeting
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Alecto Minerals plc (AIM: ALO), the African focused gold exploration and development company, is pleased to announce that the Company's Annual General Meeting ("AGM") will be held at the Washington Mayfair Hotel, 5 Curzon Street, London, W1J 5HE on 30 June 2017 at 4:00 p.m. The Notice of AGM and Forms of Proxy have today been dispatched to shareholders and are also available on the website at www.alectominerals.com
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**ENDS**
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For further information please visit www.alectominerals.com, follow us on Twitter @AlectoMinerals, or contact:
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Alecto Minerals plc Mark Jones  | Tel: +44 (0)20 7499 5881 |
Strand Hanson Limited Andrew Emmott Matthew Chandler James Dance  | Tel: +44 (0)20 7409 3494 |
Beaufort Securities Limited Jon Belliss  | Tel: +44 (0)20 7382 8300 |
St Brides Partners Limited Elisabeth Cowell Charlotte Page | Tel: +44 (0)20 7236 1177 |
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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
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Notes to editors:
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Alecto Minerals plc is an African focused, copper and gold exploration and development company quoted on AIM, with a prospective copper project in Botswana in production, gold exploration projects in Mali, Burkina Faso and Mauritania and a development project with near-term gold production in Zambia.
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In Botswana, the Company is, subject, inter alia, to funding and shareholder approval, intending to acquire a 60% interest in the Mowana Copper Mine, a producing copper mine and plant. Alecto has also agreed a 10-year management contract for Mowana with its partners and will receive management fees equal to 1.5% of revenue.
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In Zambia, the historical Matala and Dunrobin gold mines have, in aggregate, a 760,000oz Au JORC Code compliant resource estimate in the Measured, Indicated and Inferred categories at an average grade of 2.3g/t Au. The Company is focused on bringing Matala into low-cost production in the near to mid-term.
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In Mali, the Company has secured a number of joint-venture agreements, in-line with its strategy to retain exposure to the value in its African gold exploration portfolio for little or no cost; the Kossanto East project, which has an inferred JORC Code compliant resource estimate of 6.72Mt grading at 1.14g/t Au for an aggregate of 247,000 oz Au with a cut-off grade of 0.5g/t Au, is under a joint venture agreement with Ashanti Gold Corp; the Kossanto West Project is under a joint venture with Randgold Resources Limited; and the 250 sq. km. Karan gold project in southern Mali is under joint venture with Cora Gold Limited.
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Alecto also owns the Kerboulé Project, located in the highly prospective Birrimian-age Djibo gold belt in northern Burkina Faso, as well as the wholly owned Wad Amour IOCG Project in Mauritania which is at an exploration stage.
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Accordingly, the Company has a strong, diversified project portfolio with exciting exploration upside potential.
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