Focused on the exploration and development of gold and base metal deposits, AIM-quoted Stratex International is active in Senegal and has interests in companies operating in Africa and Turkey.
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company is currently pursuing value-accretive opportunities within its existing portfolio as well as identifying new value-appropriate projects in Africa and Europe.
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, IAMGOLD in West Africa and Thani Ashanti in East Africa. The Company owns an exciting exploration project in Senegal on which it has signed an option earn-in agreement with IAMGOLD and 14.87% of a copper-gold project at feasibility stage in Turkey, which will likely default to a 1.2% (post-Turkish tax) royalty position within the next 3 months.
The Company also has significant interests in Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Djibouti and Egypt, and Tanzania respectively. The Company has also attracted an impressive line-up of cornerstone investors, including Teck and BlackRock Investment Management.
The Company is currently pursuing value-accretive opportunities within its existing portfolio as well as identifying new value-appropriate projects in Africa and Europe.