Sumo Resources Plc is pleased to announce that the company is executing an aggressive acquisition strategy. In our opinion prices of certain commodities in the mining sector will significantly increase over the medium term. This will be driven by a lack of new supply coming online in the coming years and lower grade of ores being mined.

The company will specifically target takeovers of Greenfield Tantalum and Gold projects with the focus on getting the mineral deposits under control of the subsidiaries of the company for future development. Our strategy to focus on low cost surface mining opportunities remains as a criteria for acquisitions.

In this regard the company is in advanced negotiations with various smaller entities that have rights and licenses to minerals. Evaluations of some of the properties are already underway and expected to be concluded in the coming months.

Further updates on our progress will be provided in due course.

Sumo Resources plc published this content on 18 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2016 10:13:03 UTC.

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