Altus Strategies, the Africa-focused exploration project generator, has been granted the Daro exploration licence targeting potential Kuroko-style Volcanogenic massive sulphide copper and gold deposits in the Tigray Regional State of northern Ethiopia.

Chief executive Steven Poulton said: 'The award of the Daro exploration licence in northern Ethiopia is an exciting addition to our project portfolio.

'Daro targets a highly prospective geological belt in which numerous VMS deposits have been discovered and mined to date. This includes Nevsun Resources Ltd's Bisha copper-zinc-gold mine 190km to the north-west in Eritrea, the Asmara VMS deposit 100km to the north, and East Africa Metals Inc's Harvest and Adyabo deposits 35km to the west.

'Our field teams will immediately commence exploration of priority targets that have been defined by our in-house target generation process.

'We look forward to updating shareholders on exploration progress in due course.'

At 8:05am: (LON:ALS) Altus Strategies Plc Ord 1p share price was +0.25p at 8.75p