Alecto is focused on becoming a gold producer in Africa and accordingly is centred on bringing the Matala and Dunrobin Mines into production as quickly as practicable. ¬†With this in mind, the Company’s short term strategy is to complete the geotechnical drilling and further metallurgical test work at the Matala Mine, in order to update the existing feasibility study and Environmental Impact Assessment.

Additionally, the Company will continue to prove up the value of its Desert Gold JV project in Mali through a feasibility study to assess the economics associated with bringing the Kossanto East Gold Project in Mali in cooperation with neighbouring parties to effect cost efficiencies.

Alecto continues to de-risk the rest of its portfolio, which includes the Kerboule Gold Project in Burkina Faso and the Kossanto West Gold Project in Mali, by seeking cooperation with complementary groups and establishing joint venture partnerships to provide it with exposure to exploration upside while minimising capital expenditure.

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