Alecto Minerals plc is an African focussed, gold and base metal exploration company, quoted on AIM, with exploration projects in Mali, Ethiopia and Mauritania.
The on-going development of the Kossanto Gold Project in Mali is the Company’s predominant operational focus and with significant value upside potential evident across the tenure, the Board plans to build on its current independent inferred resource estimated of 6.72 Mt grading at 1.14 g/t Au for an aggregate of 247,000 oz Au with a cut-off grade of 0.5 g/t Au for the Gourbassi target reported in accordance with the guidelines of the JORC Code (2012).
Alecto also has two prospective gold exploration licences in Ethiopia as well as the wholly owned Wad Amour IOCG Project in Mauritania which is at exploration status. The Company is actively seeking joint venture partners for the continued exploration and advancement of these assets. Combined, these projects provide the Company with a strong, diversified portfolio with exciting exploration upside potential.