Xtract subsidiary signs second contractor mining agreement for Manica project

Xtract Resources’ subsidiary Explorator has completed a mining contractor agreement with Sino Minerals Investment Company for the exploitation of alluvial gold deposits at the Manica mining concession, in Mozambique. Xtract and Nexus Capital in February agreed that the alluvial gold deposit at Manica would be developed jointly through the appointment of third-party contract miners.