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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   26/05/2016
 
Xtract Resources sells its Moz gold project and steps out of Africa
 

Xtract Resources Plc announced that it has entered into a conditional sale and purchase agreement to sell the Manica Gold project in Mozambique to Nexus Capital Limited  and Mineral Technologies International Limited for US$17,500,000.

The Manica Licence holds gold deposits (both hard rock and alluvial) which the Company has been progressing towards production since June 2015. It is expected that a Bankable Feasibility Study ("BFS"), assessing the viability of developing and mining a hard rock gold deposit identified within the Manica Licence, will be completed in Q2 2016, with mine construction planned to commence in Q4 2016 and first production in Q4 2017. Mining of the alluvial gold deposit is planned for Q3 2016

The Manica Licence, which Xtract Resources acquired from Auroch Minerals in 2015, is located in the Manica Province of Mozambique and has a total area of c.42km sq.

 


 
 
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