Focused on the exploration and development of gold and high-value base-metal deposits, AIM-quoted Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. In the ten years since listing, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver.
The Company has a successful record in forming joint venture partnerships with both local private companies and major international mining companies, including Antofagasta, Centerra and Teck in Turkey, and Thani Ashanti in East Africa. The Company has also attracted an impressive line-up of cornerstone investors, namely AngloGold Ashanti, Teck and BlackRock Investment Management.
The completion of the sale of its interest in the Öksüt gold project in Turkey in December 2012 for US$20 million cash and the sale of its 1% NSR royalty in December 2015 for a further US$4.5 million, together with the additional sales of 45 per cent and 51 per cent of its Inlice and Muratdere projects respectively, has enabled the Company to develop despite challenging market conditions. Imminent cash flow from production at its 45 per cent-owned Altintepe gold project in Turkey will provide further development capital for the company. It also owns 14.87% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal.
With its experienced management team, the Company is well-placed to advance its existing exploration programmes and is actively seeking to acquire near or at production assets and advanced exploration projects.