31st Mar 2015 16:30
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'The Company')
Notice of AGM
Stratex International Plc, the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and Africa is pleased to announce that its AGM will be held at 3.00 pm on 5th May 2015 at the offices of Grant Thornton UK LLP, 30 Finsbury Square, London, EC2P 2YU.
The Company also announces that its annual report and accounts for the year ended 31 December 2014, together with the Form of Proxy, has been posted to shareholders and a digital copy of the annual report is available for download at the following page of the Company's website http://www.stratexinternational.com/annual-reports/. The AGM notice can be found at page 55 of the Annual Report.
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For further information please visit www.stratexinternational.com, email [email protected], or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Bob Foster / Christopher Hall / Claire Bay
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Philip Secrett / Melanie Frean / Jen Clarke
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Northland Capital Partners Limited | Tel: +44 (0)20 7382 1100 |
Gerry Beaney / David Hignell/ Alice Lane /John Howes
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SP Angel Corporate Finance LLP | Tel: +44 (0)20 3463 2260 |
Ewan Leggat / Tercel Moore
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Yellow Jersey PR Limited | Tel: +44 (0)7747 788 221 |
Dominic Barretto / Philip Ranger / Anna Legge | |
Notes to Editors:
Focused on the exploration and development of gold and high-value base metals, Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.
To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company is looking to completion of construction of its 45%-owned Altintepe gold project in Turkey in Q2-2015 and anticipates gold production soon thereafter. Additionally a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for late-2016 by owners Centerra Gold. With its current cash position and projected cash returns, the Company is well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.
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