We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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% | 1.00 | 0.90 | 1.10 | 1.00 | 0.985 | 1.00 | 130,712 | 08:00:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 2.81M | -1.83M | -0.0021 | -4.76 | 8.56M |
From Apr 2019 to Apr 2024
TIDMXTR
RNS Number : 2742L
Xtract Resources plc
30 September 2016
30 September 2016
This announcement contains inside information
Xtract Resources Plc
Manica Update
The Board of Xtract Resources Plc ("Xtract" or the "Company") announces that, further to the notification by the Company on 17 August 2016, the conditional sale and purchase agreement between the Company, Nexus Capital Limited and Mineral Technologies International Limited ("MTI") through which the Company was to dispose of its 100% interest in the Manica gold project for US$17.5 million, has lapsed due to certain conditions precedent not being met and will therefore not be effected.
The Company confirms that its discussions with MTI, regarding revisions to the existing joint venture agreement between the parties, to mine the alluvial gold deposit at Manica, are progressing well and the Company anticipates that a satisfactory conclusion for both parties can be announced soon.
Colin Bird, Executive Chairman, said: "The ending of the sale and purchase agreement brings clarity and certainty to our ownership of the Manica gold project. Manica is one of the more advanced low cost open pit projects in Southern Africa and is well placed in the population of emerging gold mines. The discussions with MTI, regarding the alluvial project are ongoing and progressing satisfactorily. The Company has commissioned the final leg of the environmental study which is required to complete the full bankable feasibility study. We anticipate delivery of the bankable feasibility study no later than the end of November 2016, which will provide us with flexibility when assessing our strategic options".
Enquiries:
Hot Features
Premium
Xtract Resources Colin Bird, Executive +44 (0)20
Plc Chairman 3416 6471
Cenkos Securities Derrick Lee +44 (0)131
plc Beth McKiernan 220 6939
+44 (0)207
Beaufort Securities Jon Belliss 382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEMEFUFMSELU
(END) Dow Jones Newswires
September 30, 2016 02:01 ET (06:01 GMT)
1 Year Xtract Resources Chart |
1 Month Xtract Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
