Xtract Resources plc Manica Alluvial Update (7235M)
01 August 2017 - 7:19PM
UK Regulatory
TIDMXTR
RNS Number : 7235M
Xtract Resources plc
01 August 2017
For immediate release
1 August 2017
Xtract Resources Plc
("Xtract" or the "Company")
Manica Alluvial Update
The Board of Xtract Resources Plc ("Xtract" or the "Company")
are pleased to announce an update on the Mining Contractor
agreements concluded with Omnia Mining Ltd on 19 June 2017 and with
Sino Minerals Investment Limited 11 July 2017.
Highlights
-- Almost all of Omnia equipment currently on site and being installed
-- First alluvial mining to commence before the end of August 2017
-- Sino Minerals have paid first initial payment, which was a condition
-- Initial 200 tonne per hour plant secured and in country
-- Mine planning and logistical layouts being developed to
facilitate mining by end of August 2017 (Omnia)
-- Omnia settling dams currently being excavated
Colin Bird, Chairman said: "Omnia Mining and Sino Minerals are
aggressively pursuing development of the proposed mining operations
on our Manica Gold Property. The work to date gives us confidence
that operations will start on or before time and that the two
operators are competent in this type of mining. We continue to
pursue various financing and development proposals for the hard
rock propositions."
Shareholders are invited to participate in a live interactive
webcast, scheduled to commence later today at 11am. Please use the
following link to connect to the live webcast:
http://webcasting.brrmedia.co.uk/broadcast/5979ef969ff3a6521c9fdf16
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
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014 on market abuse.
Enquiries:
Xtract Resources Colin Bird, Executive +44 (0)20 3416
Plc Chairman 6471
Michael Cornish
Roland Cornish +44 (0)207628
Beaumont Cornish Felicity Geidt 3369
Email: corpfin@b-cornish.co.uk
+44 (0)207 382
Beaufort Securities Jon Belliss 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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