RE: Need more info3 May 2018 12:56
LIKE THIS BELOW
Established alluvial mining contractor appointed to mine the eastern half of the Company's alluvial interest in the Manica Concession
� Based on district reportive grades of 0.5g/t and current gold price, the initial monthly income expected to be no less than US$160,000 and increasing to US$320,000 once the 2nd plant is fully operational
� Agreement provides for Explorator to be entitled to 25% for the gold mined, which amounts to a net 19% after Mining Production Tax
� Initial mining to take place no later than 15 October 2017 with a minimum thoughput of 200 tonnes per hour and a further 200 tonnes per hour to be achieved by 15 January 2018
� Initial contract period of 10 years or the depletion of alluvials,with an option to extend for a further 5 years if the alluvials are not yet depleted