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Mining project prospector Altus Strategies said its Ethiopian unit had been granted the Zager exploration licence.
The play targeted volcanogenic massive sulphide hosted copper and gold deposits in the Tigray national regional state of northern Ethiopia.
The 285 square kilometre exploration licence was located 15 kilometres northwest of the Harvest polymetallic VMS project.
At 2:38pm: (LON:ALS) Altus Strategies Plc share price was +0.1p at 4.75p