The Company is looking to create an independent gold E&D company, focused on creating shareholder value through a strategy of developing undervalued assets.
The principal activity of the Group is the exploration and development of gold and other high-value base metals.
The Board’s strategic intent is first and foremost to maximise shareholder value. Primarily through our current portfolio of exploration and development projects in Turkey and in Africa, either by means of further investment, focussed exploration programmes or through seeking joint venture partnerships. Secondly, we are actively seeking merger and acquisition opportunities of advanced exploration assets in Africa and Europe where mineralisation has already been identified and where Stratex can add value.
When applying risk mitigation metrics to our strategic investment decisions our focus is on our ability to deliver value, the sovereign environment and investment regime and to ensure the safety and well-being of our employees and partners.
We continue to seek acquisition opportunities of advanced exploration assets in Africa and Europe, that could provide a flagship for the Company, whilst actively assessing value-accretive opportunities within our existing portfolio. The Board considers the acquisition of more advanced assets as a valuable way of growing its portfolio quickly, as opposed to acquiring only very early-stage opportunities, where the risk of exploration success is often higher and the time period from discovery to resource is longer.