Last checked at 19 Sep 2016 09:28
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Goldstone Announces Interim Results
Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, reports that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which the Company holds a 33.45% interest, has today announced its interim results for the six month period ended 30 June 2016.
Goldstone also announced the appointment of Richard Lloyd as an Independent Non-Executive Director with immediate effect, replacing Andrew Bell who has resigned as a director of the company.
The full text of these announcements by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.
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For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Marcus Engelbrecht / Christopher Hall / Claire Bay
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Philip Secrett / Jen Clarke / Daniel Bush
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Hannam & Partners | Tel: +44 (0)20 7907 8500 |
Neil Passmore
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Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company achieved first gold pour at its 45%-owned Altıntepe gold mine in Turkey in November 2015 and as at 30 June 2016, the Mine had generated revenues of US$33.39 million. It also owns 30% of a copper-gold project at feasibility stage. With its current cash position, projected cash returns and no debt, the Company is 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.