Inactive Instrument

Xtract Resources PLC London S.E.

Xtract Resources : Update Re: Earn-in Option Agreement

February 03, 2015 at 03:35 am EST

Update Re: Earn-in Option Agreement

Regulatory Story

Xtract Resources plc- XTR

Update re: Earn-in Option Agreement

Released 07:00 03-Feb-2015

RNS Number : 8421D Xtract Resources plc
03 February 2015

3 February 2015 Xtract Resources Plc ("Xtract" or "the Company") Update Re: Earn-in Option Agreement

Xtract Resources Plc (AIM : XTR) announces an update and refers shareholders to the announcement of 20 January 2015 in which the Company announced that it is in the process of re-negotiating the earn-in option agreement. The Company is still in discussions to re-negotiate the terms of the current agreement and all payments which are due have been suspended by the agreement of both parties until a final agreement is reached. Shareholders will be advised of any further developments in negotiations and progress at the mine promptly.
Ends.

Enquiries:

Xtract Resources Plc	Jan Nelson, CEO	+44 (0)20 3416 6471
Cenkos Securities Plc	Alan Stewart Derrick Lee	+44 (0)131 220 6939
Hume Capital Securities plc	Jon Belliss Abigail Wayne	+44 (0)20 3693 1470
St James's Corporate Services Limited	Phil Dexter	+44 (0)20 7796 8647 +44 (0)7798 634398
Gable Communications Limited	John Bick Xtract@gablecommunications.com	+44 (0)20 7193 7463 +44 (0) 7872 061007

This information is provided by RNS
The company news service from the London Stock Exchange
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Latest news about Xtract Resources PLC

Xtract Resources Signs Earn-in, JV Deal for Silverking Copper Mine Stake in Zambia	Apr. 03	MT
Xtract Resources enters joint venture for Zambian copper project	Apr. 03	AN
Xtract enters into A Joint Venture Agreement with Cooperlemon in Relation to the Silverking Project and Licence	Apr. 03	CI
Xtract Resources Finalizes Sale of Manica Gold Project in Mozambique	Feb. 23	MT
An undisclosed buyer completed the acquisition of Manica Gold Project from Xtract Resources Plc.	Feb. 21	CI
Xtract Resources extends longstop date for Manica sale	Feb. 16	AN
Xtract Resources Extends Long Stop Date for Disposal of Mozambique Gold Project	Feb. 16	MT
AIM WINNERS & LOSERS: Plexus wins deal; Audioboom hails record month	Feb. 16	AN
Xtract Resources Gets Shareholder Approval for Disposal of Manica Gold Project in Mozambique	Feb. 13	MT
Xtract gets shareholder nod to sell Manica interests	Feb. 13	AN
Golden Metal eyes garnet, Xtract makes JV progress	Feb. 08	AN
EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation	Jan. 24	AN
Xtract Resources to Sell Interest in Mozambique Gold Project in $15 Million Deal; Shares Surge	Jan. 24	MT
An undisclosed buyer agreed to acquire Manica Gold Project from Xtract Resources Plc for $15 million.	Jan. 23	CI
Xtract Resources Unveils Economic Mining Potential of Australian Copper-Gold Project	Nov. 06	MT
EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution	23-10-24	AN
EARNINGS: Eight Capital swings to profit; Savannah Energy loss widens	23-09-29	AN
Xtract Resources Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-29	CI
Xtract Resources shares jump on inking of Zambian licences partnership	23-08-24	AN
UK’s Xtract Resources Signs JV Deal for Copper Exploration in Zambia	23-08-24	MT
Xtract Resources plc Enters into Joint Venture Agreement with Cooperlemon Consultancy Limited in Relation to the Exploration for Copper At Large Scale Exploration Licences 29123-Hq-Lel and 30459-Lel in Northwest Zambia	23-08-24	CI
Chapel Down sales pop; Serabi output rises	23-07-20	AN
Xtract Resources plc Announces Bushranger Pre-Concentration Test Results	23-07-20	CI
Xtract Resources "very pleased" with Manica production	23-07-06	AN
Xtract Resources plc Announces Operating Results for First Quarter 2023	23-07-06	CI

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Company Profile

Xtract Resources Plc is a United Kingdom-based resource, development, and mining company with projects in Australia, Mozambique, and Zambia. The Companyâs projects include Bushranger Copper-Gold, Eureka Copper, Kalengwa Copper, Kakuyu Copper, and Manica Alluvials . The Bushranger Copper-Gold project is located in the Lachlan Fold Belt (LFB), New South Wales, Australiaâs, a copper-gold province. The Kakuyu Project is located approximately 53 kilometers (km) north-west of the town of Mumbwa, in the Central Province of Zambia. The Kalengwa Copper Project is located in the North-western province of Zambia, approximately 800 km north-west of Lusaka and 400 km south-west of Kitwe. The Eureka copper-gold property comprises approximately 345 hectares and is accessed by a 100 km dirt road from Kabwe, west of the Zambian Copperbelt district. The Manica Alluvials project is located in Mozambique.

Sector

Gold

Calendar

2024-05-28 - Q4 2023 Earnings Release (Projected)

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