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GoldStone Announces Interim Results

28 Nov 2014 07:01

RNS Number : 2509Y
Stratex International PLC
28 November 2014
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Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

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Stratex International Plc

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('Stratex' or 'the Company')

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GoldStone Announces Interim Results

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Stratex International Plc, the AIM-quoted exploration and development company, is pleased to announce that GoldStone (AIM: GRL), in which the Company acquired a 33.45% controlling interest on 30th October 2014, has today announced its interim results for the 6 month period ended 31 August 2014.

The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.

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* * ENDS * *

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For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:

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Stratex International Plc

Tel: +44 (0)20 7830 9650

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Christopher Hall / Bob Foster / Claire Bay

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Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

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Philip Secrett / Melanie Frean / Jen Clarke

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Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

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Gavin Burnell / Matthew Johnson / Alice Lane /John Howes

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SP Angel Corporate Finance LLP

Tel: +44Β (0)20Β 3463Β 2260

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Ewan Leggat / Tercel Moore

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Yellow Jersey PR Limited

Tel: +44Β (0)20Β 3664Β 4087

Dominic Barretto / Philip Ranger / Anna Legge

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Notes to Editors:

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Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

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In December 2012 the Company announced the sale of its 30% interest in the Γ–ksΓΌt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.

To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company has a robust cash balance and is therefore well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources, particularly in East Africa and West Africa.

This information is provided by RNS
The company news service from the London Stock Exchange
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