Highlights
ASX listed Graphex has acquired Glomin's interest in the Tabakorole and Lakanfla gold JV
Graphex to earn up to an 80% interest in each Project by completing up to four key stages culminating in a Definitive Feasibility Study
Altus will retain a 2.5% Net Smelter Return ('NSR') royalty on the Projects
Lakanfla historical drill results include: 26.0m at 5.1 g/t Au and 18.0m at 4.3 g/t Au (not true width of intervals)
Tabakorole historical drill results include: 44.0m at 3.3 g/t Au and 60.0m at 2.9 g/t Au (not true width of intervals)
Drilling at Tabakorole underway with an initial 1,600m campaign financed by Graphex
Graphex undertaking a
Graphex has appointed the former CEO of
Graphex intends to change its name to Marvel Gold Limited
Background to JV
On
Cautionary note regarding historic data
Not all historical samples are available and Altus does not have complete information on the quality assurance or quality control measures taken in connection with the exploration results, or other exploration or testing details regarding these results. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource. Intersections cited in this news release do not represent true widths of the mineralised intervals. The historical drilling was predominantly angled at -60 and -55 degrees and intersected steeply dipping mineralisation. True width determinations are estimated to be 50-57% of the cited intersection lengths.
Contact:
Chief Executive
Tel: +44 (0) 1235 511 767
Email: info@altus-strategies.com
About
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Cautionary Note Regarding Forward-Looking Statements
Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute 'forward-looking statements'. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations.
Market Abuse Regulation Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ('MAR') until the release of this announcement.
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