Last checked at 1 Apr 2010 14:45
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
1 April 2010
Stratex International Plc ('Stratex' or 'the Company')
Notice of AGM
Stratex International Plc, the AIM quoted international exploration and development company currently focusing on gold and base metal opportunities in Turkey and Ethiopia, is pleased to announce that its AGM will be held at 3.00pm on 29 April 2010 at the offices of Westhouse Securities Ltd, One Angel Court, London, EC2R 7HJ.
The Company also announces that its Annual Report and Accounts for the year ended 31 December 2009, together with the Form of Proxy will be posted to shareholders today and will be available for download at Stratex's website www.stratexinternational.com under the Investor Relations section.
The AGM notice can be found in the Annual Report and Accounts on page 39.
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For further information visit www.stratexinternational.com or contact:
| David Hall / Bob Foster | Stratex International Plc | Tel: +44 (0) 20 7830 9650 |
| Tim Metcalfe/ Martin Davison | Westhouse Securities | Tel: +44 (0) 20 7601 6100 |
| Jason Bahnsen | Fox Davies Capital | Tel +44 (0) 20 7936 5230 |
| Felicity Edwards/ Isabel Crossley | St Brides Media & Finance | Tel: +44 (0) 20 7236 1177 |
Notes to editors:
Stratex International Plc is an AIM-quoted exploration and development company currently focussing on gold and base metal opportunities in Turkey and Ethiopia. In Turkey, the Company's total resources stand at circa 1 million oz of gold (combined oxide and sulphide gold) and approximately 3.2 million oz of silver.
Stratex's proven strategy is to discover and develop new projects by focussed low-cost exploration, thus adding maximum value prior to optioning/joint venturing or selling on to a dedicated mining company. In this respect it now has four key associations:
1. A partnership with NTF, a technically capable and well-financed Turkish company, to rapidly develop the 542,318 oz oxide resources present at the Altıntepe and Inlice projects in Turkey.
2. An option/joint venture agreement with Centerra Exploration J.V., a wholly owned subsidiary of Centerra Gold Inc., to explore and develop the Öksüt project, a high-sulphidation gold discovery located in Central Anatolia in Turkey.
3. A joint venture agreement with Teck Resources of Canada, a major shareholder in Stratex, over the Hasancelebi project, a high-sulphidation gold project in central Turkey.
4. A joint venture with PLUS-quoted exploration company Sheba Exploration (UK) plc to earn-in to an initial 60% of the prospective 37 sq km Shehagne gold project in Ethiopia and explore targets in northern Ethiopia on a 70:30 joint venture basis. It also holds a 5.45% shareholding in Sheba Exploration (UK) plc.