Regulatory Story

Xtract Resources plc- XTR

Kalengwa update

Released 15:21 21-Oct-2019

RNS Number : 6029Q Xtract Resources plc 21 October 2019

For immediate release 21 October 2019

Xtract Resources Plc

("Xtract" or the "Company")

Kalengwa Processing Copper Project Zambia ("Kalengwa") Update

The Board of Xtract Resources Plc ("Xtract" or the "Company") announces that further to the announcement of 15 July 2019, the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor for the Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic of Zambia and the Company will pay KPZ UDS200,000 to be settled through the issuance of new Xtract ordinary shares ("New Shares"). A further announcement will be made as and when the New Shares are conditionally issued.

Enquiries:

Xtract Resources Plc

Colin Bird,

+44

(0)20 3416 6471

Executive Chairman

www.xtractresources.com

Beaumont Cornish Limited

Roland Cornish

+44

(0)207628 3396

Nominated Adviser and Joint

Michael Cornish

www.beaumontcornish.co.uk

Broker

Felicity Geidt

Novum Securities Limited

Colin Rowbury

+44

(0)207 399 9427

Joint Broker

www.novumsecurities.com

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

Attachments

Disclaimer

Xtract Resources plc published this content on 21 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2019 14:35:13 UTC