TIDMXTR

RNS Number : 0552T

Xtract Resources plc

09 October 2017

For immediate release

9 October 2017

Xtract Resources Plc

("Xtract" or the "Company")

Manica Alluvial Update

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that alluvial mining contractor Sino Minerals, has commenced production on the eastern half of the Manica concession.

Highlights

   --     Sino Minerals commenced processing alluivals through their number 1 plant on 7 October 2017 
   --     Recovery of first gold from sluice boxes on 8 October 2017 
   --     Smelting of first gold expected no later than the 10 October 2017

Colin Bird, Chairman said: "I am pleased to be able to report that on Saturday, 7 October 2017, Sino Minerals commenced commercial production on the eastern half of the Manica concession. The Company expects to be in receipt of its first gold dore bars by the end of the week. We look forward in further updating the market as production stabilises and optimises."

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

Photographs will be added to the Company's website as the project develops.

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse.

Enquiries:

 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 09, 2017 05:21 ET (09:21 GMT)

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