Focused on the exploration and development of gold deposits, AIM-quoted Stratex International is active in Senegal and has interests in projects in East 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.
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.
In April 2017, the Company completed the sale of its interest in the Altintepe gold project in Turkey for US$8 million cash. The funds released from this sale place Stratex in a strong position with respect to its advancing discussions with other companies with regard to near or in production assets. It will also enable the Company to advance those of its exploration projects which it believes have the potential to unlock future value for our shareholders.