Alecto Minerals to buy Botswana copper mine
21st Dec 2016 07:45
(ShareCast News) - Gold miner Alecto Minerals is to buy Cradle Arc Investments, which holds a 60% stake in the Mowana copper mine in Botswana for about £6.72m. The AIM-listed company will pay £1m in cash and the rest with the issue of 8.79m shares of 0.01p at 0.065p each, that will represent 60% of
Read moreAlecto Minerals shares plummet despite board confidence
30th Sep 2016 11:27
(ShareCast News) - Africa-focused gold and base metal exploration and development company Alecto Minerals announced its unaudited interim results for the six months to 30 June on Friday, with revenue rising to £0.11m, from £0.04m year-on-year. Its operating loss widened as a result of higher adminis
Read moreAlecto's shares dive after dicounted £650,000 placing
17th May 2016 15:11
(ShareCast News) - Alecto Minerals's shares plunged almost 17% after raising £0.65m in a discounted placing as it moves to bring the 400,000 tonnes-a-year Matala Gold Project, Zambia, into low-cost production in the near- to mid-term. The placing of 831.25m shares priced at 0.08p each, which would a
Read moreAlecto Minerals agrees financing deal and DBO for Zambia gold mine
13th Apr 2016 11:13
(ShareCast News) - Alecto Minerals has agreed a financing deal for the construction of its Matala gold project in Zambia. AIM-listed Alecto has agreed partnerships with Chinese mining engineer Yantai Xinhai Machinery and South Africa's PenMin to cover the development and operations of the project.
Read moreAlecto Minerals joins up with Randgold in Mali
8th Feb 2016 08:18
(ShareCast News) - Alecto Minerals announced a new joint venture with FTSE 100 gold giant Randgold on Monday - through its wholly-owned subsidiary Caracal Gold Mali - for the exploration and development of its Kossanto West Gold Project. It confirmed the Kobokoto Est and Koussikoto permits formed th
Read moreAlecto Minerals raises £0.3m to fund working capital
23rd Jun 2015 09:19
Africa-focused AIM-listed Alecto Minerals has raised £0.3m before after placing 300m new shares at 0.1p apiece with existing institutional investors. The new shares represent around 21.43% of the enlarged issued share capital. The net proceeds of the placing will be used to provide the company with
Read moreAlecto Minerals ups gold resource estimate for Kossanto by 28%
20th Jun 2014 08:45
AIM-listed mining group Alecto Minerals announced it has increased its mineral resource estimate for Gourbassi to 247,000 ounces of gold. The group upped its estimate by 28% following the recent completion of additional drilling at Gourbassi West, which together with Gourbassi East forms one of two
Read moreAlecto Minerals expands Mali gold projects
28th Mar 2014 10:58
Alecto Minerals advanced after the miner announced the acquisition of Malian gold projects from Savanah Resource. The mineral explorer, which is focused on West and East Africa, said it has expanded its portfolio including its flagship Kossanto Gold project through the acquisition of all of the is
Read moreAlecto Minerals agrees deal with Layne Drilling
20th Mar 2014 13:33
Alecto Minerals, an AIM-listed mineral exploration company, has agreed a deal with Layne Drilling to carry out a programme of drilling at its Wad Amour Project in Mauritania. Sampling at the site has previously returned grades of as much as 5.79% copper at surface level. Chief Executive Mark Jon
Read moreAlecto Minerals reports developments at Gourbassi
19th Mar 2014 12:35
Alecto Minerals, an AIM-listed mineral exploration company focused on Africa, said Wednesday that it has completed a 1,505 metre drill programme on the Gourbassi East prospect. The site is one of three target areas identified at the group's 100%-owned 207 square kilometre Kossanto gold project in W
Read moreAlecto Minerals raises funds for Kossanto Gold Project
17th Jan 2014 12:10
Alecto Minerals, an AIM-listed explorer focused on Africa, placed one million shares at 1.5p each to raise funds for the development it its flagship Kossanto Gold Project in Western Mali. The placing raised £1.5m before expenses, part of which will be used for general working capital purposes. At
Read moreAlecto Minerals completes acquisition of AME West Africa
4th Oct 2013 15:36
Shares in Alecto Minerals rose after the African focused miner said it completed the acquisition of AME West Africa from Savannah Resources. Alecto will gain assets in East and West Africa including three gold projects in Mali such as the Koosanto project which has a current inferred resource of 10
Read moreAlecto Minerals signs deal to buy AME West Africa
22nd Aug 2013 10:02
Alecto Minerals has signed an agreement with African Mining & Exploration to acquire its subsidiary AME West Africa. Alecto has secured £600,000 of funding through a £250,000 placing and issue of convertible loan from AME and an Alecto cornerstone investor, Tamimi Investments and Mining Co. AME We
Read moreAlecto Minerals narrows losses, upbeat about Centamin alliance
3rd Jun 2013 16:19
Shares in Alecto Minerals surged on Monday after the AIM-listed multi-commodity explorer narrowed its full-year loss and hailed a 'transformational' deal with FTSE 250 gold miner Centamin. The company announced last week that it has entered into a new agreement with Centamin to look for opportuniti
Read moreAlecto Minerals forms strategic alliance with Centamin - UPDATE
29th May 2013 09:58
Alecto Minerals has formed a strategic alliance with Centamin to pursue gold projects in Ethiopia. The two have entered into a non-binding heads of terms agreement for a proposed joint venture for opportunities within the Federal Democratic Republic of Ethiopia. Alecto owns gold projects Wayu Bo
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