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Stratex International is an exploration and development company focusing on gold and high-value base metals. The company objective is to be a leading-edge and innovative explorer whilst creating revenue from gold and base metal production via well-managed joint-ventures.

 

Since formation, Stratex has rapidly amassed a portfolio of high-potential exploration licences in Turkey and Ethiopia, primarily focussed on gold.

 

Website:
http://www.stratexinternational.com
Phone:
Address:
Super Sector:
General Mining - Gold
Sector:
General Mining - Gold
Industry:
EPIC / Symbols:
LON:STI
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*subject to change and depends on individual circumstances.

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Company Statement

Stratex is an AIM-listed company currently focusing on the exploration and development of gold and high-value base metals in Turkey, East Africa and West Africa.

 

Formed in 2004 and listed in January 2006, the company has been positioned to take advantage of the current paucity of exploration activities and the resultant projected shortage in supply of precious and base metals. Since formation Stratex has rapidly amassed a portfolio of high-potential exploration licences in central and western Turkey, Ethiopia and Djibouti, and Senegal and Mauritania, as a result of the Company's informed and aggressive approach to terrane analysis and prospect identification.

 

The strategic intent is to maximize shareholder value through the continuing development of this focused portfolio. Revenues will be generated by:-

  • Developing defined gold resources into mines via a production joint-venture agreement with Turkish civil engineering and contract mining company NTF; or
  • Discovery of major new gold projects via joint-venture agreements with companies that have the technical and financial capabilities to put large resources into production. Those projects not meeting the +1 million oz gold resource requirements of major companies would be spun into the NTF JV, thus ensuring growth of the NTF-driven company into a significant gold producer; or
  • Ongoing go-it-alone exploration to define new targets in Turkey, Ethiopia and Djibouti using the innovative exploration philosophies and techniques that have proved so successful to date and joint-venturing or selling resulting new discoveries to a third-party company whilst retaining a royalty payment based on future metal production.

Current Operations

 

 

Advanced gold exploration projects and defined JORC resources of 2.26 Moz gold and 7.9 Moz silver (on a JV-inclusive basis) offers the Company near-term exposure to development and production. In Turkey, Stratex is moving to gold production at the Inlice gold development project through its JV partnership with private Turkish company NTF Insaat Ticaret Ltd Sti, with first gold pour targeted for 2013.Altıntepe is also targeted to go into production by 2013 through the Company's JV partnership with private Turkish contract gold mining company Bahar Madencilik, subject to outcome of scoping and feasibility studies. Elsewhere in Turkey exploration is being fast-tracked at four key projects - Öksüt, Altunhisar and Hasançelebi (all gold) and the Muratdere (copper-gold-silver-molybdenum-rhenium) - though JV partnerships with major international companies Centerra Exploration B.V. (two projects) and Teck Madencilik Sanayi Ticaret A.S., and Lodos Maden Yatırım Sanayii ve Ticaret A.Ş., the wholly-owned mining investment company of a sucessful Turkish investment banking company, respectively. Stratex also has a Strategic Alliance Agreement with leading international copper company Antofagasta plc to explore for porphyry copper and other copper deposit-types in Turkey.

 

 

In Ethiopia and Djibouti, grassroots exploration has identified multiple gold prospects in northern Ethiopia and an extensive new gold district in the Afar Depression that has attracted Thani Ashanti, an AngloGold Ashanti joint venture company. Thani Ashanti is currently funding exploration of the first 11 licence areas in Ethiopia and Djibouti, the Afar Project. Following a recent investment at company-level, AngloGold Ashanti is also a substantial shareholder in Stratex. At Blackrock, a 100%-owned prospect in the northern Afar region, a total of 14 km of outcropping epithermal veins have been identified with surface grades of up to 60.4 g/t; with Phase 1 drilling now complete, Phase 2 drilling on the property will commence by Q1-2013.

 

Grassroots exploration is also underway at the Company's newly-acquired licences in West Africa, a region increasingly recognised as an important target for gold exploration.

 

Managment

 Christopher Hall - Non Executive Chairman

Bob Foster - Chief Executive Officer
 
 Perry Ashwood  - Chief Financial Officer

David Hall - Executive Director for East Africa

John Cole-Baker - Executive Director for West Africa

Peter Addison - Non-Executive Director

Bahri Yildiz - General Manager Turkey

 Franco Maranzana - General Manager Djibouti

 

For more information on Stratex's Directors & Management click here

Major Shareholders

 

Updated from Company website 28.08.2012

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  • Contact Information

     

    Registered Office

    Stratex International Plc

    180 Piccadilly

    London

    W1J 9HF

    Tel: +44 (0) 207 830 9650

    Fax: +44 (0) 207 830 9651

    Email: info@stratexplc.com

    Chief Operating Officer: Bob Foster

     

    UK Exploration Office

    Stratex International Plc

    Wessex House

    Upper Market Street

    Eastleigh

    Hampshire

    SO50 9FD

    Tel: +44 (0) 238 065 1649

    Fax: +44 (0) 238 062 0022

    Chief Executive Officer: Bob Foster

     

    Turkish Office

    Stratex Madencilik Ltd.

    Çukurambar Kızılırmak Mahallesi

    Hayat Sebla Evleri 1425. Cad. No: 29

    B-Blok Kat: 20 No: 79-80

    Çankaya-Ankara, Turkey

    Tel: +90 (0) 312 285 2046

    Fax: +90 (0) 312 285 2048

    General Manager: Bahri Yildiz

     

    Ethiopian Office

    Stratex East Africa Ltd.

    House 1060, Kebele 5.

    Sub city Bole

    Addis Ababa, Ethiopia

    Tel: +251 (0) 116 624 367

    Office Manager: Hiwot Wolde

     

    Djibouti Office

    Stratex Djibouti SARL

    Heron, Rue de Pekin

    LT15 / AB F

    Djibouti, Republic of Djibouti

    Tel: +253 (0) 21 344 885

    Office Manager: Mariam Abdi

     

    Senegal Office

    Stratex West Africa Ltd.

    c/o Energy & Mining Corporation S.A.

    Sacre Coeur 111 / VON

    No. 9231

    Dakar BP.45.409, Senegal

    Tel: +221 (0) 338 699 989

    Office Manager: Awa MBaya


     

    Corporate Information

     

    Nominated Adviser 

    Grant Thornton UK LLP

    30 Finsbury Square

    London

    EC2P 2YU

     

    Broker

    Northland Capital Partners Ltd

    60 Gresham Street

    London

    EC2V 7BB

     

    Co-Broker

    Fox-Davies Capital Ltd

    Whitefriars House

    6 Carmelite Street

    London

    EC4Y 0BS

     

    Media Relations

    Newgate Threadneedle

    Aldermary House

    10-15 Queen Street

    London

    EC4N 1TX

     

    Auditors and Reporting Accountants

    CLB Littlejohn Frazer

    1 Park Place

    Canary Wharf

    London

    E14 4HJ

     

    Solicitors to the Company

    Edwin Coe

    2 Stone Buildings

    Lincolns Inn

    London

    WC2A 3TH

     

    Registrars

    Share Registrars Limited

    Suite E, First Floor

    9 Lion and Lamb Yard

    Farnham

    Surrey

    GU9 7LL

     

    Bankers

    Lloyds TSB

    High Street

    Slough

    Berkshire

    SL1 1DH 

     

    Turkey:

     

    Solicitors to the Company

    Legisterra Consulting

    Boğaz Sokak 7/8

    GOP

    Ankara

     

    Bankers

    HSBC Bank AS

    Ankara Branch

    Simon Bolivar Cad. No.5

    GOP 06680

    Cankaya

    Ankara


     

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