Stratex International plc (LON:STI) has announced a tie-up with fellow AIM-listed metals explorer GoldStone Resources Limited (LON:GRL) which will see it provide some technical services in return for a small fee.
Under the terms of the deal, Stratex will provide various mining and exploration services to Goldstone – which it has a 33.45% interest in – for a monthly charge of £1,750 + VAT.
GoldStone will also have to pay up again should it want Stratex to carry out any further work, such as analysis of results or project management.
Africa-focused GoldStone has several exploration projects on the go: two in Ghana; two in Gabon; and a further one in Senegal.
Shares in Stratex were unchanged at 1.8p, while the GoldStone share price dipped by 3% to 1.81p.