30 Jun 2016 14:30
30 June 2016
Alecto Minerals plc
("Alecto" or the "Company")
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Result of AGM
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Alecto Minerals plc (AIM: ALO), the AIM quoted mineral exploration company focussed on West and East Africa, held its Annual General Meeting earlier today and all resolutions were duly passed.
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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 Heap | Tel: +44 (0)20 7236 1177 |
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Notes to editors:
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Alecto Minerals plc is an African focused, gold and base metals exploration and development company quoted on AIM with gold exploration projects in Zambia, Mali, Burkina Faso and Mauritania.
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In Zambia, the historical Matala and Dunrobin gold mines have, in aggregate, a 760,000 oz 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 Kossanto East project 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. This is under a co-operation agreement with ASX listed Desert Gold Inc. to evaluate the potential to jointly develop each company's neighbouring projects into production. The Kossanto West Project is under a joint venture with Randgold Resources Limited. In addition, the Company owns the 250 sq. km. Karan gold project in southern Mali which 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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