Contango Holdings PLC Management Trip to Mali -- Garalo Gold Project
December 04 2020 - 5:30AM
RNS Non-Regulatory
TIDMCGO
Contango Holdings PLC
04 December 2020
Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural
Resources
4 December 2020
Contango Holdings Plc
('Contango' or the 'Company')
Management Trip to Mali - Garalo Gold Project
Contango Holdings Plc, the London listed natural resource
development company, is pleased to report that the Contango
management have enjoyed a constructive trip to Mali which included
a signing ceremony in Bamako with respect to the recent acquisition
of the Garalo Gold Project ('Garalo'), announced on 19 October
2020.
This was the earliest opportunity for the ceremonial signing
following the acquisition, given the global restrictions
surrounding travel as a result of the COVID-19 pandemic. The event
also provided an opportunity to meet with Contango's in-country
geologists, as well as third-party independent consultants, who are
currently reviewing all the historic data from the Garalo ahead of
issuing an Independent Technical Report on the asset later this
month.
Carl Esprey, CEO of Contango, commented:
"I was pleased to be able to attend this formal signing ceremony
in person. I believe it is important to maintain a close
relationship with our in-country partners and operators. I intend
to spend significant time in Mali as we progress Garalo, as well as
in Zimbabwe, where we are advancing the Lubu Coal Project.
"I was encouraged by the updates from our geological team who
have been working on Garalo since the acquisition and remain
confident Contango have made an acquisition that will deliver value
for shareholders."
**ENDS**
For further information, please visit
www.contango-holdings-plc.co.uk or contact:
Contango Holdings plc E: info@contango-holdings-plc.co.uk
Chief Executive Officer
Carl Esprey
Brandon Hill Capital Limited T: +44 (0)20 3463 5000
Financial Adviser & Broker
Jonathan Evans
St Brides Partners Ltd T: +44 (0)20 7236 1177
Financial PR & Investor Relations
Susie Geliher / Cosima Akerman
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABZLFBBLLFFBZ
(END) Dow Jones Newswires
December 04, 2020 05:30 ET (10:30 GMT)
Contango (LSE:CGO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Contango (LSE:CGO)
Historical Stock Chart
From Jul 2023 to Jul 2024