Alexander Mining : Corporate Update
Accudo has recently submitted indicative bids to acquire or to be the lead partner in a number of Projects.
The Chairman of Accudo, Dr
He added 'We have identified several strategic opportunities ranging from projects that have substantial JORC 2012-compliant resources to established and fully permitted mines that are positioned to restart mining and having ores that are potentially amenable to the Leaching Technologies.
'We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids.'
Under the technology licensing and consultancy agreement between
Deep-South has issued the shares after receiving
Testwork is currently underway on a nickel concentrate from an existing commercial operation. The aim is to leach around 50% of the contained nickel and cobalt and produce a mixed sulphide precipitate which is free from copper, arsenic and iron. The sulphide will be blended with the leach residue and sold for further processing as a low arsenic material. Analytical results from the initial proof of concept work are expected in the next few weeks.
Lithium research and development
Under the joint venture with Alexander's Principal Technological Consultant, Dr.
Alexander's board of directors (the 'Board') is pleased that all the resolutions at the annual general meeting and the general meeting of the Company held on
The Company now has the ability and flexibility to issue new shares, whether as part of an equity fund-raising or as consideration for the acquisition of new assets, as and when an opportunity may arise which may complement or enhance the Company's business.
The Board has been considering several complementary opportunities of interest in the mining sector.
The Company is pleased to report that it has either paid or has agreed waiver of payment on all amounts outstanding to current and former directors of the Company in respect of deferred payments of directors' fees identified in note 20 and included under Trade and Other Payables (note 14) of the Annual Report and Accounts for the year ending
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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