Stratex appoints new CEO and targets significant portfolio growth in 2018
A gold-focused exploration and development company, with significant projects in Turkey and Africa, has announced a new CEO as part of its 2018 corporate strategic update.
Stratex, an AIM quoted exploration and development company, has provided a project update and outlined its corporate strategy, following the appointment of new CEO Time Livesey.
Livesey has 28 years’ experience in gold and base metals, with a distinct focus on Africa, Europe and Asia.
Some of his more notable roles to date include exploration manager (Eurasia), Barrick Gold Corp., project director and later CEO of Tethyan Copper Company Pty Ltd (a Joint Venture between Antofagasta Minerals and Barrick Gold Corp, owner of the Reko Diq project in Pakistan), and more recently as COO of TSX.V-listed Reservoir Minerals Inc., which was sold in June 2016 to TSX-listed Nevsun Resources Ltd for US$365 million. Tim is well known to both the technical and internal team at the Company.
He will succeed Dr Bob Foster, who has been acting as Interim CEO, effective 1 March 2018.
“I am pleased to be joining the team at Stratex International, having watched the Company since its inception. I am confident Stratex provides a firm base for growth and I welcome the opportunity to play a role in its continued development, alongside Bob, Claire and the rest of the team,” said Livesey.
Stratex has a significant global portfolio, spanning West Africa, Turkey and East Africa. As part of its strategic update, the company outlined that its first goal is to maintain its current geographical focus in Africa and Europe.
In Q4 2017, the market began to see an increased amount of new capital from investors for earlier-stage projects, and Stratex feels that this presents a valuable opportunity to consider a wider range of assets, including those that are at an earlier stage of exploration.
As such, Stratex has identified and shortlisted several priority targets that could offer growth opportunities, and has initiated discussions with a number of asset owners.
As Stratex looks to expand its portfolio, the company continues ot add significant growth to its existing portfolio.
Over the next 6-12 months, the strategy is to maximise shareholder value.