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Mining Capital
Market: AIM
52-week High/Low: 1.49p / 0.41p
Sector: General Mining - Gold
Market Cap: 2.95M

Focused on the exploration and development of gold and base metal deposits, AIM-quoted Stratex International is active in Senegal and has interests in companies operating in Africa and Turkey. Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper.The Company is currently pursuing...

Stratex International plc

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Big picture - Why invest in Stratex International plc

Stratex International plc Snapshot

The Company is looking to create an independent gold E&D company, focused on creating shareholder value through a strategy of developing undervalued assets.

Principal Activities
The principal activity of the Group is the exploration and development of gold and other high-value base metals.

Strategic approach
The Board’s strategic intent is first and foremost to maximise shareholder value. Primarily through our current portfolio of exploration and development projects in Turkey and in Africa, either by means of further investment, focussed exploration programmes or through seeking joint venture partnerships. Secondly, we are actively seeking merger and acquisition opportunities of advanced exploration assets in Africa and Europe where mineralisation has already been identified and where Stratex can add value.

When applying risk mitigation metrics to our strategic investment decisions our focus is on our ability to deliver value, the sovereign environment and investment regime and to ensure the safety and well-being of our employees and partners.

Our Vision
We continue to seek acquisition opportunities of advanced exploration assets in Africa and Europe, that could provide a flagship for the Company, whilst actively assessing value-accretive opportunities within our existing portfolio. The Board considers the acquisition of more advanced assets as a valuable way of growing its portfolio quickly, as opposed to acquiring only very early-stage opportunities, where the risk of exploration success is often higher and the time period from discovery to resource is longer.






East Africa
- Hodine (Anbat)
- Pandora and Assaleyta
- Tembo 

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- Muratdere
- Hasançelebi
- Karaağac

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Tim Livesey
Chief Executive Officer

Tim has 28 years’ experience in gold and base metals, with a distinct focus on Africa, Europe and Asia.  He has worked at all stages of exploration, development and mining, and has a strong track record of delivery, both at the technical and commercial level within previous positions. 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 joined the company in March 2018.


Perry Ashwood
Chief Financial Officer

Perry Ashwood qualified as a Chartered Accountant in 1971, training with Spain Brothers & Co. and KPMG. Shortly after qualifying he spent five years with British Oxygen Ltd in their Corporate Office before moving to Rank Xerox Ltd in 1978. Perry was with Xerox for 20 years and held various positions ranging from Group Chief Accountant to Finance Director, Central & Eastern Europe. During his time with Xerox, he held both technical accounting roles, including involvement in internal controls and audit, and operational roles with extensive involvement in: Turkey; Egypt; India and Russia. He also spent three years on assignment in the USA at corporate headquarters as Manager, Xerox Business Arrangements where his major focus was on acquisitions, divestments and joint ventures. He joined Intermec International Inc in 1998 as Finance Director, Europe, Middle East & Africa before becoming an independent consultant in 2000 taking on various interim roles with small to medium sized businesses.


Peter Addison
Non-Executive Chairman

Peter Addison qualified as a solicitor in 1966 and practiced in the City of London, originally with Linklaters & Paines and subsequently with Norton Rose, specialising in company and commercial law. In 1982, he became a director of English Trust, a corporate advisory bank, and for some twenty years was involved in providing corporate finance advice to a wide range of public companies in the UK and Ireland on all aspects of their businesses.


Chris Worcester
Independent Non-Executive Director

Chris began his City career in 1993 at Barclays de Zoete Wedd, where he worked in the metals and mining project finance team. In 2000, he joined the Royal Bank of Scotland as Director and Head of Financial Modelling and Analysis, leaving in 2002 to join WestLB Capital Markets, the international investment banking division of WestLB, where he established and managed the global metals and mining team until 2007. Since then Chris has been actively involved in securing funding and investment for resource companies through private, specialist corporate finance company Stone Arch Financial and, more recently, Green Road Capital. For more than a decade Chris has lectured regularly on corporate valuation as part of the MSc in Metals and Energy Finance programme at the Imperial College, London. He has a BSc in Chemistry and an MBA in Finance.


Claire Bay
Group Manager Corporate and Project Development

A Chartered geologist with over ten years’ experience in the resources sector, Claire joined Stratex in 2007 and has been instrumental in supporting and managing the group at all levels from project to senior corporate. In addition to managing the Company’s corporate and investor-based activities, Claire is heavily involved in data review and interpretation and project generation.


Bahri Yildiz
General Manager Turkey

Bahri Yildiz is a Turkish national with an industrial career spanning more than 30 years dedicated to mineral exploration and mining geology throughout Turkey. A geology graduate of the Middle East Technical University, Bahri commenced his career in 1980 with the government’s General Directorate of Mineral Research and Exploration (MTA) where he spent ten years managing a wide range of projects relating to exploration for precious and base metals. This was followed by three years as Exploration Manager with Turkish company Yurttaslar Madencilik before he joined Dardanel Madencilik, the Turkish subsidiary of major Canadian mining company Inco Ltd in 1992 as Senior Geologist. During his final four years with Dardanel he was Exploration Manager and responsible for generating and supervising a wide range of exploration programmes throughout Turkey. Following closure of the Turkish office in 2003 he became an independent consultant before joining Stratex in April 2005.


Issouf Ouedraogo
General Manager West Africa

Issouf Ouedraogo graduated from the Faculty of Sciences and Technology at the University of Ouagadougou, Burkina Faso, where he obtained a Master’s degree in Applied Geology in 1995. Following graduation he joined AngloGold Ashanti, eventually becoming Chief Geologist for Siguiri Gold Mine in Guinea and then Exploration Superintendent for the Geita Gold Mine in Tanzania.

Issouf joined Gold Fields as Exploration Manager for DRC in 2008 before relocating to Accra in 2009 as Regional Geologist, responsible for generating projects in frontier gold camps throughout Africa. At this time he was also acting Country Manager for Gold Fields in Guinea and more recently was their JV Manager for Ethiopia. He joined Stratex in June 2013.

Registered Office

Stratex International Plc

180 Piccadilly



Tel: +44 (0) 207 830 9650

Fax: +44 (0) 207 830 9651


United Kingdom:

Nominated Adviser

Grant Thornton UK LLP
30 Finsbury Square


Hannam and Partners
2 Park Street

IR/PR Adviser

107 Cheapside

Auditors and Reporting Accountants

PKF Littlejohn
1 Westferry Circus
Canary Wharf
E14 4HD

Solicitors to the Company

Edwin Coe
2 Stone Buildings
Lincolns Inn


Share Registrars Limited
Suite E, First Floor
9 Lion and Lamb Yard


Lloyds TSB
High Street


Solicitors to the Company

Legisterra Consulting
Boğaz Sokak 7/8

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Executive video interviews


Stratex International

Bob Foster, CEO of Stratex International talks enthusiastically with Proactive about the...

Stratex International

Bob Foster, CEO of Stratex International talks enthusiastically with Proactive about the...

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