Altus Strategies plc said it is to sell its 100% owned Moroccan-focused copper-silver exploration subsidiary Aterian Resources Ltd to Eastinco Mining and Exploration plc. METALS Aterian is advancing assets of 15 primarily copper and silver exploration projects. Eastinco has a portfolio of tantalum exploration and development projects in Rwanda. TERMS Altus said yesterday it had […]
Tag: Altus Strategies plc
Altus finds further hard rock gold workings in Eastern Desert
Altus Strategies plc has discovered further hard rock artisanal gold workings from field reconnaissance at its 100% owned Gabal Al-Shalul and Wadi Jundi projects in the Eastern Desert of Egypt. CONFIRMATION The two projects comprise 1,044 km2 of Altus’ total landholding of 1,565 km2 in the Eastern Desert. The 14 hard rock artisanal gold workings […]
Altus intersects high grades at Diba gold project
Altus Strategies plc said it had intersected high grades from diamond drilling at the company’s 100% owned Diba gold project in western Mali. INTERSECTIONS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. Intersections (down-the-hole and not true widths) include: 21.9 g/t Au over 10.2m from 28m (including 72.2 g/t […]
Altus receives first royalty payment from Caserones copper mine
Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
Altus starts 11,300m drill campaign at Diba gold project, Mali
Altus Strategies plc has begun a 11,300m to expand the mineral resource estimate (MRE) at its 100% owned Diba gold project in western Mali. TESTS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. The drill campaign comprises 10,000m reverse circulation (RC) and 1,300m diamond drilling (DD) and follows the […]
Altus to acquire landmark NSR interest in Caserones
Altus Strategies plc has entered into an agreement to acquire 0.418% net smelter return royalty (NSR) interest for US$34.1 million on the producing Caserones copper mine in the Atacama region of northern Chile. DEAL The company has also entered into a $29m loan facility agreement to part finance the acquisition. Altus said it expected the […]