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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Xtract Resources Plc | LSE:XTR | London | Ordinary Share | GB00BYSX2795 | ORD 0.02P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.025 | 0.95 | 1.10 | 1.025 | 1.01 | 1.025 | 645,451 | 08:00:13 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 2.81M | -1.83M | -0.0021 | -4.86 | 8.74M |
From Apr 2019 to Apr 2024
TIDMXTR
RNS Number : 5653Y
Xtract Resources plc
06 December 2017
For immediate release
6 December 2017
Xtract Resources Plc
("Xtract" or the "Company")
Manica Concession Alluvial Gold Update
First gold poured at Manica
The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce the results for alluvial miner Sino Mineral's initial start-up operations on the eastern half of the Manica Concession up to the end of November 2017.
Highlights
-- A total of 6.287 kg of tax-paid gold on hand for October and November and available for dispatch to the South African refinery (attributable 40% to Xtract and 60% to Nexus Capital Limited under the Collaboration Agreement signed on 20 June, 2017)
-- Dore bars approximately 94% gold by value -- Approximate gross value of US$230,000 to Xtract and Nexus -- Net value to Xtract is approximately US$92,000 -- Xtract expects that Alluvial gold production will now increase on a monthly basis
Colin Bird, Executive Chairman said: "The period ended 30 November 2017 was a start-up period for our contractors resulting in stop-start operations and plant fixing. We are encouraged by this initial result and perceive further alluvial and hard rock opportunities emerging at the Manica site".
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:
Hot Features
Premium
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
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDUGGUCPUPMGGQ
(END) Dow Jones Newswires
December 06, 2017 06:43 ET (11:43 GMT)
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