https://www.miningweekly.com

Xtract concludes Manica disposal

Xtract's Kalenga copper project, in Zambia

Xtract's Kalenga copper project, in Zambia

23rd February 2024

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique.

The company in January agreed terms for the disposal of its 23% net profit share interest in the project to buyers for up to $15-million.

Following the disposal, Xtract remains an operating minerals company under the Aim rules focusing on its material minerals interests in two large-scale, early-stage copper exploration projects in Zambia and Australia.

The sale also entailed the termination of Xtract’s mining collaboration agreement with Mozambique partner MMP, with Xtract due to receive $3.3-million in cash as settlement.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 25 September 2026
Magazine round up | 25 September 2026
25th September 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.065 0.089s - 170pq - 2rq
Subscribe Now