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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   13/04/2016
 
Alecto to advance Zambia gold project
 

Alecto Minerals plc announced that, following positive results from a feasibility study on its wholly-owned Matala gold project in Zambia, it has signed an agreement with Yantai Xinhai Machinery Co. Ltd and PenMin (Pty) Ltd with respect to the proposed construction and financing of mining operations at Matala.

A recent Feasibility Study on Matala demonstrating positive economics for a 400,000 tonnes per annum oxide and transitional open pit operation with a mine life of approximately 4 years 8 months at $1,200/oz Au with exploration upside and underground potential.

During the operational phase, Xinhai and PenMin will jointly manage the plant’s operations, the control of which will be transferred to Alecto on conclusion of the term of the contract.


 
 
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