Alecto acquires Ethiopian gold and emerald licence

Alecto Minerals, the AIM listed resource investment company focused on Africa, has acquired Tanzanian mining company Rift Valley Resources, for an initial consideration of £409,200.

Alecto Minerals, the AIM listed resource investment company focused on Africa, has acquired Tanzanian mining company Rift Valley Resources, for an initial consideration of £409,200.

The acquisition gives Alecto control of a three year exploration licence covering the 945.5 square kilometres (sq km) Waya Boda gold and emerald licence in the prospective central-southern Adola green stone belt in southern Ethiopia.

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