Regulatory News Item
Apr 13, 2016

Announcement by Alecto Minerals plc


Paternoster notes the announcement by Alecto Minerals plc ("Alecto") this morning, an investee company of Paternoster, the highlights of which is set out below:

Alecto Minerals plc (AIM: ALO), the Africa-focussed gold and base metal exploration and development company, announced that, following positive results from a feasibility study ('FS') on its wholly-owned Matala gold project in Zambia ('Matala' or the 'Matala Gold Project'), it has signed an agreement pursuant to which the company is working with Yantai Xinhai Machinery Co. Ltd ('Xinhai') and PenMin (Pty) Ltd ('PenMin') with respect to the proposed construction and financing of mining operations at Matala. This latest milestone is in line with Alecto's stated strategy to deliver gold production from the project as quickly as practicable.

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