AIM-quoted Stratex International is an exploration and development company focusing on gold and high-value base metals in Turkey and Senegal and with strategic interests in East Africa and Ghana. Since listing in 2006 the Company has discovered over 2.2 million ounces of gold and 7.9 million ounces of silver. First gold has recently been poured at its 45%-owned Altıntepe gold mine in Turkey.
Joint Venture Partnerships
The Company has a successful track record in forming joint venture partnerships with both local private companies and major international mining companies, including Antofagasta, Centerra and Teck in Turkey, and AngloGold Ashanti and Thani Emirates Resource Holdings Ltd in East Africa.
Impressive Cornerstone Investors
The company’s successes have attracted an impressive line-up of cornerstone investors, including AngloGold Ashanti, Teck, and BlackRock Investment Management.
The Board continues to actively evaluate quality opportunities arising in the smaller exploration company sector, where selective investment could add value rapidly by transforming a discovery into a resource, or an early stage resource into a project which has clear economic potential.
Stratex International has a sucessful strategy in monetising assets, including the sale of 30% interest in the 1.05 million oz Öksüt gold project to joint-venture partner Centerra for US$20 million cash and the subsequent sale of its 1% production royalty for a further US$4.5 million. Additionally the Company has benefitted from the sale of 45% and 70% of the Inlice and Muratdere projects, respectively.