Regulatory Story |
Xtract Resources plc - XTR Manica Alluvial Update Released 11:23 12-Oct-2017 |
RNS Number : 4545T Xtract Resources plc 12 October 2017
For immediate release 12 October 2017
Xtract Resources Plc ("Xtract" or the "Company") Manica Alluvial UpdateThe Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that alluvial mining contractor Omnia Mining, has commenced production on the western half of the Manica concession. The alluvial collaboration agreement which was concluded on 18 June 2017, provides for monthly payments to the Company's wholly-owned Mozambican subsidiary Explorator Limitada, against monthly-run-of mine performance.
HighlightsOmnia Mining commenced processing alluvials through their plant on 11 October 2017
All equipment, processing and mining in place for continuing production
40,000 tonnes of alluvials ready for processing and 30 000 tonnes exposed in pit
First income anticipated at the end of November 2017
Further details are available from the Company's website which details the company's project portfolio as well as a copy of this announcement: www.xtractresources.com
Photographs will be added to the Company's website as the project develops.
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse.
Enquiries:Xtract Resources Plc | Colin Bird, Executive Chairman | +44 (0)20 3416 6471 |
Beaumont Cornish | Michael Cornish Roland Cornish Felicity Geidt | +44 (0)207628 3369 |
Email: corpfin@b-cornish.co.uk | ||
Beaufort Securities | Jon Belliss | +44 (0)207 382 8300 |
This information is provided by RNS
The company news service from the London Stock Exchange END
Xtract Resources plc published this content on 12 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 October 2017 10:39:03 UTC.
Original documenthttp://www.xtractresources.com/rns/Manica Alluvial Update 12Oct2017.pdf
Public permalinkhttp://www.publicnow.com/view/5BFDF8A312C706EFA472D1A91F34440B7B57BA63