Altus Strategies plc said higher prices and production resulted in a record quarterly royalty pre-tax income of US$1.54 million for Q1 2022 from the Caserones copper mine in northern Chile. CASERONES The Caserones mine is a large, open-pit copper-molybdenum porphyry deposit, located within a 17,000 hectare land package approximately 4,300m above sea level in the […]
Tag: Altus Strategies plc
Altus finds high grade gold prospects on Egypt licences
Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Altus Strategies to sell 30.1% stake in Alpha 3 SPV
Altus Strategies plc plans to reorganise its Australia portfolio with the sale of a 30.1% interest in Alpha 3 SPV Ltd for $5,267,500 in order to expand its Africa assets. PROCEEDS Alpha 3 is incorporated in the United Arab Emirates and owns a portfolio of 23 mining royalties in Australia, acquired from Newcrest Mining Ltd. […]
Altus awarded mining licence for Agdz Cu-Ag project
Altus Strategies plc has been awarded a 10-year mining licence for its 100% owned Agdz copper and silver project in Morocco. AGDZ The site lies 14km southwest of the Bou Skour copper-silver mine in the eastern Anti-Atlas of Morocco. Agdz hosts four significant copper-silver prospects covering some 8km2. The company’s Moroccan portfolio is held by […]
Altus revenue reaches $1.7m from Newcrest royalties
Altus Strategies plc reported copper and gold royalty revenues of US$1.7 million (pre-tax) in the first quarter since acquiring the royalties portfolio from Newcrest Mining Ltd. INTERESTS The company currently owns 33 royalty interests including royalties on four producing mines of the Caserones copper mine in Chile, the South Kalgoorlie Operations (SKO) gold mine and […]
Altus executes sale of Toura nickel-cobalt project
Altus Strategies plc has completed the sale of its wholly-owned Toura nickel-cobalt licence application in western Côte d’Ivoire. TERMS The sale and purchase agreement, executed with Firering Strategic Minerals plc, will give Altus a gross revenue royalty of up to 1.0% on nickel and cobalt sales and pay the company €15,000. TOURA The project comprises […]