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Overview

Listed in London (AIM: ALS) and Toronto (TSX-V:ALTS), Altus Strategies PLC is a project & royalty generator in the mining sector with a focus on Africa, and a specific interest in precious metals. Founded in 2007, the company has a portfolio of 18 projects across Africa, 11 of which are gold and silver exploration assets.The team creates value by making mineral discoveries across multiple licences simultaneously.

As a royalty owner, Altus strategies receives a share of a mines revenue stream without the downside operational risks. Altus differs from other mining royalty providers as it has a team of geologists who make discoveries and stake ground. Altus then attaches royalties to these discoveries, allowing it to benefit from the income streams when they become producing assets.

The portfolio model reduces risk as interests are diversified by commodity and by country. The royalties generated from a portfolio of projects are designed to yield sustainable long term income.

For more on Altus Strategies, please visit their website: Altus Strategies

Directors

  • David Netherway (NE Chair): Mining Engineer of 40+ yrs. Previously CEO of Eldorado Gold, Shield Mining & Chair of Afferro Mining. 

  • Steven Poulton (CEO):  Co-founder of Altus. Previously interim Chair of African Aura Resources.

  • Matthew Grainger (Exec Director): Mining Geologist. Previously COO of Africa Aura Resources & currently Director of Avesoro Resources.
  • Robert Milroy (NED): Chair of Milroy Capital. 40 yrs senior natural resources experience
  • Michael Winn (NED): President of Seabord Capital Corp. Director of several listed co’s
  • Karim Nasr (NED): CEO of La Mancha Group

Financials

P&L2019
GBP £~M
2018
GBP £~M
Revenue00.09
Exploration Costs(1.1)(1.15)
Loss from operations(1.915)(1.782)
Earnings After Tax(2.4)(1.5)
Balance Sheet2019
GBP £~M
2018
GBP £~M
Cash & Cash equivalents2.2130.725
Total Assets6.0635.768
Total Liabilities(1,533)(0.502)
Net Assets4,5315,266

 

Peer Group

  • Trident Royalties PLC (LON:TRR): Mining royalties
  • Duke Royalty (LON: DUKE) Royalties business focused on UK SME’s
  • Anglo Pacific (LON: APF): Mining royalties
  • Osisko Gold Royalties  (TSE: OR) Royalties to Gold Mining
  • Franco Nevada Corporation (TSE: FNV) Royalties to Gold Mining

Major Shareholders

La Mancha Holdings -35%
Delphi Unternehmensberatung Aktiengesellschaft – 10%
Steven Poulton – 8%
Resource Capital – 6.7%
RBC Capital Markets – 5.6%

Macro Indicators

PWC (Mine 2020): “The Top 40 mining companies are so far weathering the COVID-19 storm mostly unscathed, but global growth is expected to decline in 2020.”

Media Coverage

Interactive Investor (July 2020)
“Gold boom: why Altus Strategies rose 164% today”

Mining Review Africa (June 2020)
“Altus Strategies sells gold projects in Côte d’Ivoire”

Broker Coverage

SP Angel (February 2020)
The technical team comprising 16 qualified geologists is led by experienced management, including Steve Poulton (CEO), Matt Grainger (ED) and David Netherway (Chairman) who have been involved in a number of Africa-based projects building a strong track record in discovering, developing and monetising grassroots mineral projects.

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