TIDMALS
RNS Number : 2099H
Altus Strategies PLC
05 April 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS); TSX-V (ALTS);
OTCQX (ALTUF) / Sector: Mining
5 April 2022
Altus Strategies Plc
("Altus" or the "Company")
Update on Copper and Gold Royalty Revenues
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces strong copper and gold royalty revenues of US$1.7 million
(pre-tax) in the first quarter since the acquisition of a portfolio
of royalties from Newcrest Mining Ltd (the "Newcrest Portfolio").
Altus currently owns 33 royalty interests including royalties on
four producing mines, namely, the Caserones copper mine in Chile,
the South Kalgoorlie Operations gold mine in Australia ("SKO"), the
Ballarat gold mine in Australia and the Bonikro gold mine in Côte
d'Ivoire.
Highlights:
-- Royalty revenues of US$1.7M (pre-tax) in first quarter since acquiring the Newcrest Portfolio
-- Revenues from the Caserones copper mine as well as the SKO and Ballarat gold mines
-- Altus holds 33 separate royalty interests, including royalties on four producing mines
-- Numerous strategic royalty acquisition opportunities are currently under review
Steven Poulton, Chief Executive of Altus, commented:
"We are delighted that our royalty acquisition strategy is
already delivering significant returns, with pre-tax copper and
gold royalty revenues of US$1.7 million in the first quarter since
we acquired the Newcrest Portfolio. This exceptional performance
reflects the transformative royalty acquisitions we have completed
since August last year, as well as the continued strong demand for
copper and gold.
Altus has established a global portfolio comprising 33 royalty
interests and 27 project interests across nine countries and nine
metals. We are actively assessing a number of potentially accretive
royalty acquisition opportunities to further grow our portfolio and
revenues. Separately, our experienced technical teams are actively
advancing numerous prospective gold and base metal projects across
Africa as part of our high-impact 'boots on the ground' royalty
generation strategy.
We believe our hybrid approach, which combines royalty
acquisition with organic royalty generation, differentiates Altus
from other royalty groups and provides our shareholders with the
optimal blend of short-term income and long-term capital growth
potential. I look forward to updating shareholders on these
activities in due course."
Qualified Person
The technical disclosure in this regulatory announcement has
been approved by Steven Poulton, Chief Executive of Altus. A
graduate of the University of Southampton in Geology (Hons), he
also holds a Master's degree from the Camborne School of Mines
(Exeter University) in Mining Geology. He is a Fellow of the
Institute of Materials, Minerals and Mining and has over 20 years
of experience in mineral exploration and is a Qualified Person
under the AIM rules and NI 43-101.
For further information you are invited to visit the Company's
website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E-mail: info@altus-strategies.com
SP Angel Corporate Finance LLP (Nominated
Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel Corporate Finance LLP (Broker)
Grant Barker Tel: +44 (0) 20 3470 0471
Rob Rees Tel: +44 (0) 20 3470 0535
Shard Capital Partners LLP (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's differentiated approach
of generating royalties on its own discoveries in Africa and
acquiring royalties globally through financings and acquisitions
with third parties, has attracted key institutional investor
backing. Altus has established a global portfolio comprising 33
royalty interests and 27 project interests across nine countries
and nine metals. The Company continues to assess royalty
acquisition opportunities as well as actively advancing its
portfolio of gold and base metal projects across Africa, as part of
its 'boots on the ground' royalty generation strategy. The Company
engages constructively with all stakeholders, working diligently to
minimise its environmental impact and to promote positive economic
and social outcomes in the communities where it operates. For
further information, please visit www.altus-strategies.com .
Cautionary Note Regarding Forward-Looking Statements
Certain information included in this announcement, including
information relating to future financial or operating performance
and other statements that express the expectations of the Directors
or estimates of future performance constitute "forward-looking
statements". These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include, without limitation, the completion of planned
expenditures, the ability to complete exploration programmes on
schedule and the success of exploration programmes. Readers are
cautioned not to place undue reliance on the forward-looking
information, which speak only as of the date of this announcement
and the forward-looking statements contained in this announcement
are expressly qualified in their entirety by this cautionary
statement.
Where the Company expresses or implies an expectation or belief
as to future events or results, such expectation or belief is based
on assumptions made in good faith and believed to have a reasonable
basis. The forward-looking statements contained in this
announcement are made as at the date hereof and the Company assumes
no obligation to publicly update or revise any forward-looking
information or any forward-looking statements contained in any
other announcements whether as a result of new information, future
events or otherwise, except as required under applicable law or
regulations.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organisation of Canada
accepts responsibility for the adequacy or accuracy of this
release.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. Upon publication
of this announcement, the inside information is now considered to
be in the public domain for the purposes of MAR.
**END**
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