Alecto Minerals’ JV projects progress to plan

Aim-listed Alecto Minerals has agreed the final terms of its joint venture (JV) partnership with Ashanti Gold around its Kossanto East gold project, in western Mali. The two parties have signed a binding option agreement, which concludes the proposals originally set out in a nonbinding letter of intent, allowing Ashanti to earn a 65% interest in the project by completing a preliminary feasibility study (PFS) within a period of 36 months.