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Altus granted copper-gold exploration licence in Ethiopia

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Altus granted copper-gold exploration licence in Ethiopia

Altus Strategies Plc was granted the Daro exploration license for a three-year term over potential copper and gold deposits in Ethiopia's Tigray Regional State.

The 412-square-kilometer license covers the Nakfa terrane and contains historical copper occurrence and active artisanal gold mining.

The company said Oct. 18 that it will immediately kick off the first-phase reconnaissance and sampling program, which will be followed up with a stream sediment survey program to define additional target areas.