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Operations in Turkey

18 Jul 2016 07:00

RNS Number : 3906E
Stratex International PLC
18 July 2016
 

 

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

 

 

Stratex International Plc 

 

("Stratex" or "the Company")

 

Operations in Turkey

 

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in Turkey and West Africa, is pleased to advise that, following the recent disturbances in Turkey, all personnel are safe and well and that there has been no impact on the Company's operations in the country.

 

* * ENDS * *

 

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

 

Hannam & Partners

Tel: +44 (0)20 7907 8500

Neil Passmore

 

 

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 recently sold its 1% Net Smelter Returns royalty in the Öksüt gold project for US$4.5 million. It also owns 14.87% 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.

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