RNS

RNS Number : 7349C
Ortac Resources Limited
20 April 2017
 

20 April 2017

Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

ORTAC RESOURCES LTD

("ORTAC" OR THE "COMPANY")

Update - Slovakia

Ortac Resources Ltd, the AIM listed mineral exploration company operating in Europe and Africa, is pleased to announce that it has entered into an agreement to form a joint venture with a Slovakian company to jointly develop the Sturec Gold Project at Kremnica.  The Sturec project has a reserve of just under 900,000 oz gold equivalent which has progressed to pre-feasibility stage. Meanwhile the process for final validation of the underground mining license as announced on 17 March 2017 continues on track. 

Further details of the joint venture agreement will be published when it has been formalised in a legally binding contract.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

  

Ortac Resources Ltd

Vassilios Carellas (CEO)

         

+44 (0) 20 3874 8664

SP Angel Corporate Finance LLP

Nominated Adviser & Broker

Ewan Leggat / Lindsay Mair

 

+44 (0) 20 3470 0470

 

Peterhouse Corporate Finance Limited 

Joint Broker

Guy Miller / Lucy Williams

 

+44 (0) 20 7469 0930

www.pcorpfin.com

 

 

 

 


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