Altus Strategies plc has been granted three new distinct base metal exploration projects as well as exploration licences adjacent to existing projects totalling 221 km2 in central Morocco. The projects, awarded to the company’s 100% owned subsidiary Aterian Resources Ltd, are considered highly prospective for copper, tin and zinc. Altus has now increased its Morocco portfolio […]
Tag: Altus Strategies plc
Altus finds potential new zone at Tabakorole gold project
Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali. The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project. Exploration at Tabakorole is funded by Marvel Gold Ltd […]
Altus raises £7.7 million via placing and subscription
Altus Strategies plc announced it had conditionally raised £7.7 million (CA$13.35m) before expenses by way of an oversubscribed placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. Altus has a balance sheet of £12.5m in cash and £1.5m in listed equities. The company said the fundraising had attracted […]
Altus notes further positive gold results at Tabakorole
Altus Strategies plc said it had positive results from a further eight holes following reverse circulation (RC) drilling at its joint venture Tabakorole gold project in southern Mali. Intersections include (down-the-hole and not true width): 1.0 g/t over 40m from 86m, including 2.2 g/t over 7m from 86m 1.1 g/t over 33m from 84m, including […]
Altus Strategies adds to metals licences in Morocco
Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences. The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process. The mining royalty company said […]
Altus completes strategic review of Bakoula iron project
Altus Strategies plc said a strategic review has been completed of the company’s 97% owned high-grade Bikoula iron project in southern Cameroon. The review was conducted by Mining Plus UK Ltd who looked at the processing, product specification, development and shipment options for the project’s development. Bikoula hosts a deposit with a historic independent JORC […]