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Xtract Resources plc - XTR Manica Alluvial Update Released 07:00 16-Aug-2017 |
RNS Number : 0924O Xtract Resources plc 16 August 2017
For immediate release 16 August 2017
Xtract Resources Plc ("Xtract" or the "Company") Manica Alluvial Update
The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce a further update on the Mining Contractor agreements concluded with Omnia Mining Ltd on 19 June 2017 and with Sino Minerals Investment Limited on 11 July 2017.
Highlights
- All of Omnia's earthmoving equipment on site already serviced and customised
- Two thirds of Omnia's plant equipment on site and installed
- Almost one third of the first two Omnia settling dams completed
- Sub-soil currently being removed for key installations and infrastructure
- Initial mining expected to commence on or before the end of August 2017
- Mine planning and logistical layouts to be agreed by the end of August 2017 (Sino)
- Second 200 tonne per hour plant to be ordered from China
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 16 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2017 08:06:03 UTC.
Original documenthttp://www.xtractresources.com/rns/Manica Alluvial Update 16Aug2017.pdf
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