Alecto Minerals plc is an African focussed, gold exploration and development company quoted on AIM, with projects in Zambia, Mali and Burkina Faso.
The Company has a clear vision: to rapidly become a gold producer in Africa. With this in mind, it is focused on capitalising on the near-to-mid-term production potential at the Matala and Durnobin Gold Mines in Zambia which combined hold advanced in-situ resources of 760,000 oz Au. The presence of a renewable 25 year Mining Licence and associated environmental permit is highly beneficial towards this goal.
The Zambian project is poised to generate cash flow, enabling the funding of the feasibility study of the Company’s wholly owned Kossanto East Gold project in Mali, which it plans to develop jointly with owners of neighbouring assets to deliver rapid production whilst benefitting from cost efficiencies.
In respect to the rest of its portfolio, which includes the 100% owned Kossanto West Gold Project in Mali and the Kerboulé Gold Project in Burkina Faso, the Company is currently holding discussions in respect to securing joint venture partners.