2 Apr 2014 12:30
Alecto Minerals plc / EPIC: ALO / Market: AIM / Sector: Exploration & Development
2 April 2014
Alecto Minerals plc ('Alecto' or the 'Company')
Attending UK Investor Show, London, 5 April 2014
Alecto Minerals plc (AIM: ALO), the AIM quoted mineral exploration company focussed on West and East Africa, is pleased to announce that it will have an exhibition stand at the UK Investor Show at the Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London SW1P 3EE on Saturday 5 April 2014 and will be presenting at the show at 15.00.
Alecto's senior management will be available at stand F09 during the course of the day and CEO Mark Jones will present an update on the Company's progress across its African portfolio of exploration assets, in particular in relation to the on-going exploration of its flagship Kossanto Gold Project in Mali at which an 80% increase to its inferred resource estimate to 193,000 ounces of gold over two of three prospective targets was announced today, highlighting the exciting economic potential of the project. In addition, Mark will provide details on its joint venture with Centamin plc in Ethiopia where field work is underway at the Company's 945.5 sq. km. Wayu Boda Gold Project; as well as its wholly owned Wad Amour IOCG Project in Mauritania which is at an exploration stage. Combined, these projects provide Alecto with a strong portfolio with exciting exploration upside potential.
The management of the Company looks forward to meeting existing and prospective investors. For further information on the event, and to register, please visit http://www.ukinvestorshow.com/
**ENDS**
For further information, please visit www.alectominerals.com or contact:
Alecto Minerals plc Mark Jones | Tel: 020 3137 8862 |
Strand Hanson Limited Richard Tulloch Matthew Chandler James Dance | Tel: 020 7409 3494 |
Hume Capital Securities plc Jon Belliss Abigail Wayne | Tel: 020 3693 1470 |
St Brides Media & Finance Ltd Elisabeth Cowell Felicity Edwards | Tel: 020 7236 1177 |
Notes to editors:
Alecto Minerals plc is an African focussed, gold and base metal exploration and development company quoted on AIM.
The on-going development of the Kossanto Gold Project in Mali is the Company's predominant focus and with significant value upside potential evident across the tenure, the Board plans to build on its current gold resource estimate of 193,000 ounces for Gourbassi. Alecto also has a joint venture with Centamin plc over two prospective gold exploration licences in Ethiopia, under which Alecto retains exposure to such assets with no capital expenditure obligations, as well as the wholly owned Wad Amour IOCG Project in Mauritania which is at an exploration stage. Combined, these projects provide the Company with a strong, diversified portfolio with exciting exploration upside potential.