Altus Strategies granted gold mining licence for Diba Project

Highlights

• Mining licence granted on the Diba gold project located in western Mali.
• Current MRE for the Diba Deposit comprises:
  • 4 834 000 t at 1.39 g/t gold (Au) for 217 000 oz in the indicated category.
  • 5 479 000 t at 1.06 g/t Au for 187 000 oz in the inferred category.
• Mining licence granted for initial four year period, renewable until the deposit is depleted.
• Mining licence is transferable to third parties with approval from the Ministry.
• Update of MRE and PEA for combined Diba & Lakanfla project underway by Mining Plus.
• Diba is strategically located in a world-famous gold belt that hosts numerous opencast mines.

Steven Poulton, Chief Executive of Altus, commented: “We are delighted to have been granted a mining licence at our Diba gold project in western Mali. This endorses our royalty generation strategy of adding value to our project portfolio through de-risking and technical validation before transacting with third party developers. With the expiry of the current exploration licence, the mining licence provides the company with long-term security of tenure for the project. This is especially important as an updated MRE and PEA for the combined Diba and Lakanfla project is underway and is due to be published in the next three months. I look forward to updating shareholders on these studies in due course.”