Multiple Exploration Programmes
Embracing the cyclical nature of the mining sector

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News

Altus Strategies Plc / Index: AIM / EPIC: ALS / Sector: Mining

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   Altus Strategies Plc
("Altus"
or the "Company")

Altus Strategies Plc (AIM: ALS), the Africa focused exploration project generator, announces its final results for the year ended 31 December 2017.

Highlights:

  • Admission to AIM and Placing and Subscription raising £1.1m in August 2017
  • Plan of Arrangement with TSX-V listed Legend Gold completed in January 2018
  • Legend deal brings six gold projects in Mali and a JV with Resolute Mining Ltd
  • Exploration programmes in Cameroon, Liberia, Morocco, Ivory Coast, Mali and Ethiopia
  • Grant of new exploration licences in Ethiopia, Liberia, Ivory Coast and Morocco
  • Cash and marketable securities of £1,124,878 as at year end
  • Placement raising C$4.1 million (£2.3 million) completed in April 2018
  • Conditional approval received to list on the TSX-V in April 2018

Chairman’s Statement
I am delighted to report on a transformational year for Altus Strategies plc (“Altus”, “the Company” and together with its subsidiaries “the Group”) in 2017, which included the Initial Public Offering (“IPO”) of the Company’s shares on the AIM Market of the London Stock Exchange (“AIM”) in August.

Subsequent to our IPO we commenced a plan of arrangement to acquire Legend Gold Corporation (“Legend”) listed on the Toronto Venture Exchange (“TSX-V”). The transaction was successfully completed in January 2018 and brought Altus six exceptionally well located gold exploration projects in western and southern Mali. Several of these are close to the world class Sadiola gold mine, operated by a consortium of IAMGOLD, AngloGold Ashanti and the Malian government.

On completion of the arrangement we were delighted to welcome to the Company, Michael Winn as a Non-Executive Director and David Miles as our Chief Financial Officer, (Legend’s former CEO and CFO respectively). Also Demetrius Pohl and Ambogo Guindo joined Altus as strategic advisers.

During 2017, we were also delighted to welcome Robert ‘Woody’ Milroy to the board. He brings the firm substantial expertise in corporate governance, as well as a career’s worth of experience in both operational and investment management roles in the resource sector. I also take this opportunity to thank Neil Adshead, who stepped down as a non-executive director from the board ahead of our listing on AIM. Neil made profound contributions to our strategic discussions during his tenure and we are delighted that he has elected to stay on with Altus as a strategic adviser to the board. I would also like to thank Jeffrey Karoly, who stepped down as our Chief Financial Officer upon the completion of our transaction with Legend.

We have set ourselves an ambitious and clear path for the years ahead. Our first objective is to secure attractive joint venture agreements with strong industry partners on our existing projects. In parallel we aim to continue to grow our portfolio of assets, through grassroots licence applications and the opportunistic acquisitions of projects and royalties. As we go forward Altus will continue to maintain the highest social and environmental standards in the regions and with the communities where we operate.

It has been an incredibly productive year for Altus, having achieved a number of key milestones. On behalf of the board I take this opportunity to express my congratulations to all of the Altus employees, management and stakeholders for their collective hard work and determination during the year. They have driven all of our achievements and I am immensely proud of their contribution. Also I would like to welcome all of our new shareholders, large and small, that have invested in Altus. Your board and management team are working to ensure your confidence in us and our business model proves to be well placed.

We look forward with excitement to the year ahead for Altus, having established a solid and highly entrepreneurial platform for value creation in 2018 and beyond.

David Netherway
Non-Executive Chairman
30 April 2018

Market Abuse Regulation Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR") until the release of this announcement. That inside information is set out in this announcement and is now considered to be in the public domain.

Click here for the full annual accounts. For further information you are invited to visit the Company's website www.altus-strategies.com or contact:

Altus Strategies Plc

Steven Poulton, Chief Executive

Tel: +44 (0) 1235 511 767

E: info@altus-strategies.com

SP Angel (Nominated Adviser)

Richard Morrison / Soltan Tagiev

Tel: +44 (0) 20 3470 0470

SP Angel (Broker)

Elizabeth Johnson / Richard Parlons

Tel: +44 (0) 20 3470 0471

Blytheweigh (Financial PR)

Tim Blythe / Camilla Horsfall / Nick Elwes

Tel: +44 (0) 20 7138 3204

About Altus Strategies Plc
Altus is a London listed (AIM: ALS), diversified and Africa focused mineral exploration project generator. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects, diversified by commodity and by country. Altus currently has seventeen projects in six commodities across six countries. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements that may be deemed "forward looking statements" with the meaning of applicable securities laws. All statements in this news release, other than statements of historical facts, that address events or developments that Altus Strategies Plc expects to occur, are forward looking statements and involve known and unknown risks, uncertainties and other factors. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "targets" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. The Company believes the expectations, estimates, forecasts and projections expressed in such forward looking statements are based on reasonable assumptions. However, investors are cautioned that such statements are not guarantees of future performance and the Company cannot provide assurance that actual results or performance will not differ materially from those projected in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include changes in market prices, exploration results and the interpretation of other geological data, the ability of the Company to obtain, maintain, renew and/or extend required licences, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the legal and regulatory frameworks in jurisdictions where the Company operates, competitive conditions in the mineral exploration sector, the activities of artisanal miners, whose activities could delay or hinder exploration or mining operations, the risk that third parties to contracts may not perform as contracted or may breach their agreements, the ability to attract and retain key management and personnel, terrorism, civil strife, or war in the jurisdictions in which the Company operates, or in neighbouring jurisdictions which could impact on the Company's exploration, development and operating activities, unanticipated costs and expenses, the continued availability of capital and financing on acceptable terms or at all, and general economic, market or business conditions.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


© 2018 Altus Strategies Plc.
All rights reserved.
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