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IN BRIEF: Altus Inks Royalty Pact With Graphex For Mali Project

17th Jun 2020 17:30

Altus Strategies PLC - Didcot, Oxfordshire-based mining royalty generator - Notes Graphex Mining Ltd's acquisition of earn-in rights previously held by Glomin Services Ltd on Altus-owned Lakanfla and Tabakorole gold projects located in Mali. Graphex to earn up to an 80% interest in each project by completing up to four key stages culminating in a definitive feasibility study. Altus will retain a 2.5% net smelter return royalty on the projects.

Current stock price: 33.92 pence

Year-to-date change: down 3%

By Tapan Panchal; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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