Altus Strategies plc has appointed Gérard De Hert as a non-executive director (NED) of the company with immediate effect. Mr De Hert is managing director (technical services) at La Mancha Holding S.à r.l, where he oversees the technical assessment of new and existing investments. He has worked for more than 20 years on the appraisal and extraction of several of […]
Tag: Altus Strategies plc
Altus intersects significant gold zone at Lakanfla Central
Altus Strategies plc said it had intersected a significant gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence, western Mali. LAKANFLA Lakanfla is 5km east of the company’s Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit. The Diba & Lakanfla project (100%) covers […]
Altus agrees extension for loan repayment with La Mancha
Altus Strategies plc said it had agreed with its largest shareholder La Mancha Fund SCSp (35.08%) to extend the repayment date of the acquisition loan. TERMS The mining royalty company added that the date had extended from 17 February 2022 to 30 June 2022. The annualised interest rate of the facility has increased from 9% […]
Altus intersects ‘excellent’ gold grades
Altus Strategies plc said it had intersected high gold grades from reverse circulation (RC) drilling at the Diba NW prospect, in the Diba & Lakanfla gold project, western Mali. RESULTS The Diba NW prospect lies on the Diba licence, approximately 5km from the Lakanfla licence which holds the Lakanfla Central and Lakanfla West prospects. Altus […]
Altus amends Mali JV agreement
Altus Strategies plc has signed an amended joint venture and earn-in agreement (JVA) to cover a broader licence area and retain a 100% interest in the Lakanfla gold project in Mali. AGREEMENT The agreement with partner Marvel Gold replaces the original from June 2020. It now comprises the Tabakorole gold project (100km2) and two contiguous […]
Altus acquires gold royalties from Newcrest
Altus Strategies plc has completed the first close of a gold royalty portfolio of interests in Australia and Africa. STRATEGIC JOINT VENTURE The package comprises up to 24 royalties and royalty interests from Newcrest Mining Ltd and certain of its group companies. The acquisition is through a strategic joint venture between Altus and specialist mining […]