Trading Update

 

TIDMTGT 
 
RNS Number : 5556Z 
Target Resources Plc 
24 September 2009 
 

 
 
 
 
Target Resources plc ("Target" or the "Company") 
Trading Update 
 
 
 
 
Target Resources Plc ("Target" or the "Company") note the announcement made by 
Canaf Group Inc ("Canaf"), stating inter alia, that is has signed an agreement 
with Milestone Trading Limited, a subsidiary of the Company, whereby Milestone 
will assist Canaf (SL) in providing the necessary equipment to extract gravel 
from the river in Canaf's current Lease area by means of a dredging operation. 
All direct mining costs and profits are to be shared on a 50% each basis. 
Should the grades of gravel prove sufficient to allow larger-scale mining then a 
formal joint venture agreement will be negotiated. 
 
 
A copy of the Canaf announcement can be found at Canaf's website 
www.canafgroup.com 
 
 
 
 
- ENDS - 
Enquiries: 
 
 
Target Resources plc                 020 7258 2300 
Yair Ziv, Finance Directorwww.target-resources.co.uk 
 
 
Nominated Adviser and Broker 
Arbuthnot Securities                  020 7012 2000 
John Prior 
Ed Burbidge 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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