Xtract Resources Plc’s Mozambican subsidiary concludes additional mining contractor agreement

Xtract Resources Plc’s (LON: XTR) fully owned Mozambican subsidiary, Explorator Limitada has concluded an additional mining contractor agreement with Longhau Tianci Mining Co Ltd.

  • The contract is for the exploitation of the Boa Esperanza hard rock gold deposit at its Manica mining concession in Mozambique.
  • Longhau Tianci Mining Co Ltd company has been hired to mine the Boa Esperanza hard rock gold reserves for six years or till the time ore body is exhausted or becomes unviable.
  • On 25 August 2020, at the time of writing, GMT 09:55 AM, XTR shares were trading at GBX 1.88, up by 0.05 points or 2.73% against the previous day closing price.