Member Info for Kiwi_

XTR chunky buys + RNS, appears it has yet to re-rate from the POG increase

Current Gold price is far from being priced in

Rerate well overdue here, won't be long and we should see a merket cap of double figures.

We have an update due here to

Alex Terry holding 20,000,000 shares also

GOLD nudging $1550s again

total alluvial mining production for the month of July alone is expected to be around 14.50Kg, which is the second best month in terms of production for 2019 and at current gold prices the best month in terms of revenue accrued to Explorator for 2019

Colin Bird wants $20 Million for the mine does he not?

Clive Roberts 3.252% Holdings RNS yesterday, I missed that

Wow, some decent buys coming through now

Decent RNS and GOLD is @ $1545

Colin Bird, Executive Chairman said: "Our partners, MMP, have approached the Manica Hard Rock Project in very positive and professional manner. Their investigations and planning have led them to a point where they have identified critical items which have the longer lead delivery times. To this end they have letters of intent agreed and deposits paid thereby ensuring no delays are expected to the contractual planned start date.



We are very encouraged by MMP's commitment and look forward to primary mining and processing commencing with a well designed and built plant together with an optimal mine plan. We share a common belief in the further exploration potential of the concession and the district and will be developing a plan to pursue mutually agreed targets once all of the operational decisions have been made and execution is in progress."

Highlights



· MMP has completed the Hard Rock Project operational budget and plan, with environmental and social risks identified and built into the plan

· MMP has exchanged letters of intent with suppliers on certain long lead items including items such as elution heater package, feed thickener, flocculant plant and tower crane

· Deposits have been paid to commence remedial work on existing crushing and grinding circuits

· Tailings design consultants have conducted a site visit and agreed all parameters for design

RNS Number : 2407L
Xtract Resources plc
04 September 2019




For immediate release

4 September 2019



Xtract Resources Plc

("Xtract" or the "Company")

Manica Hard Rock Project Progress Update



The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that Mutapa Mining and Processing LDA ("MMP") has provided the Company with an update on current progress on the design and build on the Manica hard rock open pit mine, as well as progress made to date on the Manica hard rock project, and that MMP expects to meet the targets and performance dates as set out in the collaboration agreement ("Collaboration Agreement" or "Agreement") entered into with MMP on 29 May 2019 for the mining and mineral processing of the Company's Manica hard rock gold deposits ("Hard Rock Project").

RNS

My bad, it was 3 Million and not 5. Still a hefty chunk for mms to buy over the bid

My bad, it was 3 Million and not 5. Still a hefty chunk for mms to buy over the bid

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5 Million just bought by one of the MMs

SWG - Shearwater Group 5 Million just bought by one of the MMs

SWG - Chunky BUy