Aim-listed Alecto Minerals has received confirmation from Randgold Resources that all conditions precedent to the parties’ joint venture agreement for the exploration and development of Alecto’s 137 km2 Kossanto West project, in western Mali, have been satisfied. The parties in January signed the JV agreement that would see Randgold fund all costs at the project, which comprised the Kobokoto East and Koussikoto exploration permits, up to the completion of a prefeasibility study.
