Last checked at 1 Dec 2015 14:23
Stratex International Plc
('Stratex' or 'the Company')
Goldstone Releases Holdings in Company Announcement
Stratex International Plc, the AIM-quoted exploration and development company, announces that Goldstone Resources Limited ("Goldstone"; AIM: GRL) in which the Company holds a 33.45% interest, has today released a notification of major interest in shares.
The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.
For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Bob Foster / Christopher Hall / Claire Bay | |
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Philip Secrett / Jen Clarke / Daniel Bush | |
Northland Capital Partners Limited | Tel: +44 (0)20 7382 1100 |
Gerry Beaney / David Hignell Abigail Wayne / John Howes (Broking) | |
Yellow Jersey PR Limited | Tel: +44 (0)7768 537739 |
Dominic Barretto / Harriet Jackson | |
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 has recently achieved first gold pour at its 45%-owned Altıntepe gold mine in Turkey and also owns 30% of a copper-gold project at feasibility stage. Additionally, a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for Q2-2017 by owners Centerra Gold. 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.