Kalengwa update

RNS Number : 6029Q

Xtract Resources plc

21 October 2019

 

Xtract Resources Plc

(“Xtract” or the “Company”)

Kalengwa Processing Copper Project Zambia (“Kalengwa”) Update

 The Board of Xtract Resources Plc (“Xtract” or the “Company”) announces that further to the announcement of 15 July 2019, the Company has today informed KPZ International Ltd (“KPZ”) that it intends to exercise its option to act as contractor  for the  Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic  of Zambia and the Company will pay KPZ UDS200,000 to be settled through the issuance of new Xtract ordinary shares (“New Shares”). A further announcement will be made as and when the New Shares are conditionally issued.

 

 Enquiries:

 

Xtract Resources Plc

Colin Bird,

Executive Chairman

 

+44 (0)20 3416 6471

www.xtractresources.com

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Michael Cornish

Felicity Geidt

+44 (0)207628 3396

www.beaumontcornish.co.uk

 

Novum Securities Limited

Joint Broker                  

 

Colin Rowbury 

 

+44 (0)207 399 9427

www.novumsecurities.com  

 

ENDS

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