Last checked at 5 May 2015 16:30
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'The Company')
AGM Statement
Stratex International Plc, the AIM-quoted exploration and development company, held its AGM at 3 pm on 5 May 2015 and all resolutions were duly passed.
A copy of the presentation delivered to shareholders following the formal business of the AGM is now available on the Company's website.
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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 | |
Bob Foster / Christopher Hall / Claire Bay | ||
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 | |
Philip Secrett / Melanie Frean / Jen Clarke | ||
Northland Capital Partners Limited | Tel: +44 (0)20 7382 1100 | |
Gerry Beaney / David Hignell/ Abigail Wayne /John Howes | ||
SP Angel Corporate Finance LLP | Tel: +44 (0)20 3470 0470 | |
Ewan Leggat / Tercel Moore | ||
Yellow Jersey PR Limited | Tel: +44 (0)7747 788 221 | |
Anna Legge / Dominic Barretto |
Notes to Editors:
Focused on the exploration and development of gold and high-value base metals, Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. 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.
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 is looking to completion of construction of its 45%-owned Altıntepe gold project in Turkey in 2015 and anticipates gold production before year-end. 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 late-2016 by owners Centerra Gold. With its current cash position and projected cash returns, 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.