About Us

Stratex is an AIM-listed company currently focusing on the exploration and development of gold and high-value base metals in Turkey, East Africa and West Africa.

Formed in 2004 and listed in January 2006, the company has been positioned to take advantage of the current paucity of exploration activities and the resultant projected shortage in supply of precious and base metals. Since formation Stratex has rapidly amassed a portfolio of high-potential exploration licences in central and western Turkey, Ethiopia and Djibouti, and Senegal and Mauritania, as a result of the Company's informed and aggressive approach to terrane analysis and prospect identification.

Stratex's total resource currently stands at 1.53 M oz gold and 7.9 Moz silver (on a JV-inclusive basis). The key attributes and strengths of the company are:-

• Partnership with NTF, a technically capable Turkish company, to develop the 59,600 oz gold reserve present at the Inlice project; initial production targeted early-2013
• Partnership with private Turkish mining company, Bahar Mining, to rapidly develop the Altintepe gold project to production by 2013, subject to outcome of scoping and feasibility studies
• Joint venture partners Centerra and Teck funding exploration at Öksüt and Altunhisar, and Hasançelebi respectively to a combined total of up to US$14.5 M
• JV with unnamed partner to fast-track development of the Muratdere porphyry copper-gold-molybdenum project
• Exploration agreement with Antofagasta to explore Turkey for copper and other deposit types
• Exciting new epithermal gold district discovered in the Afar Depression of Ethiopia and Djibouti. First 11 projects within this district, the 'Afar Project', being funded by Thani Ashanti to US$3 M for 51%
• 100%-owned Blackrock discovery in the northern Afar region with bonanza surface grades up to 60.4 g/t
• JV with Centamin Egypt Limited (which recently acquired Sheba Exploration (UK) plc) to (i) earn-in to an initial 60% of the Shehagne project in Ethiopia and (ii) explore targets in northern Ethiopia on a 70:30 joint venture basis
• Newly-acquired West African portfolio provides excellent exposure to exciting gold district
• Highly experienced management team supported by top-level financial and commercial colleagues at Board level
• Highly effective operating model with low cost base