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Xtract Resources Data

Xtract Resources News

  • Xtract raises funds to revive Mozambique mine 2016-11-03
    Xtract Resources has entered into a £980 000 subscription agreement with YA II EQ to provide additional working capital to further develop its Manica gold mine, in Mozambique. Xtract chairperson Colin Bird reiterated that the company was now solely focused on its Manica project after having stopped investing in the Chepica gold/copper mine, in Chile.
  • Xtract Resources pulls plug on Chepica mine 2016-09-22
    Xtract will not make any future option payments and will relinquish its option and mining rights at Chepica on 15 October
  • Continually flipped Moz gold project goes for $17.5m 2016-05-26
    The Manica gold project in Mozambique, which has been bought and sold several times in recent years, is being disposed of once more. On two occasions the disposals have been conducted under the same management head – Jan Nelson, who announced on Thursday that his London Aim-listed Xtract had entered into an agreement to sell the Mozambique gold project to Nexus Capital and Mineral Technologies International (MTI) for $17.5-million cash.
  • Manica gold project’s resource increased to 1.26Moz 2016-05-11
    The gold resource at Aim-listed Xtract Resources’ Manica project, in Mozambique, has increased 36% to 1.26-million ounces. The increase followed an independent technical study of the mineral resources of the project’s Fair Bride gold deposit by Minxcon Projects. The results of the study would form a part of the Manica project’s bankable feasibility study, which was nearing completion.
  • Auroch completes Manica sale 2016-03-02
    ASX-listed junior Auroch Minerals has completed the sale of its Manica gold project, in Mozambique, after receiving final approvals from local mining authorities. South Africa’s Xstract Resources in 2015 agreed to pay $10-million in cash and shares for the project, which was expected to require an initial capital investment of about $28.4-million, with underground development expected to cost a further $14.8-million.
  • ASX: Transaction Completed - Sale of Manica Gold Project 2016-03-01
  • Moz tax ruling issued for Manica project sale 2016-01-20
    The Mozambique Tax Authority has determined that $698 968.78 in capital gains tax is due and payable at completion of the sale of the Manica gold project, owner Sydney-listed Auroch Minerals has advised. Project buyer Xtract Resources would, pursuant to the sale agreements, pay the sale-related tax.
  • Xtract Resources set to restart operations in Chile 2016-01-13
    Operations at Xtract Resources’ Chepica gold and copper mine, in Chile, are set to resume, following the completion of recommended work suggested by the country’s Inspector of Mines. In December, the mine’s processing plant was closed after two fatal accidents occurred when an individual, training at the mine, entered a restricted area without the necessary safety equipment.
  • Auroch sells Moz gold project to Xtract for $12.5m 2015-06-30
    ASX-listed Auroch Minerals will sell its Manica mining concession, in Mozambique, to Aim-listed gold and copper exploration company Xtract Resources for $12.5-million. The purchase price included $6.5-million in Xtract shares and $4.5-million in cash. Xtract would also provide funding to settle project-related creditors up to $1.5-million.
  • ASX: Sale of Manica Gold Project 2015-06-29

Xtract Resources Information

  • Company 2015-05-10
    Xtract Resources identifies and invests in a portfolio of early stage resource assets and business interests with significant growth potential. We aim to engage closely with the associate management teams to achieve project milestones, finance early stage asset and business development activity, and then finance the asset development phase, or if appropriate, crystallise value for all shareholders at a suitable exit point.

Xtract Resources Projects

Xtract Resources Operations

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