Trading Update
24 Settembre 2009 - 8:00AM
UK Regulatory
TIDMTGT
RNS Number : 5556Z
Target Resources Plc
24 September 2009
Target Resources plc ("Target" or the "Company")
Trading Update
Target Resources Plc ("Target" or the "Company") note the announcement made by
Canaf Group Inc ("Canaf"), stating inter alia, that is has signed an agreement
with Milestone Trading Limited, a subsidiary of the Company, whereby Milestone
will assist Canaf (SL) in providing the necessary equipment to extract gravel
from the river in Canaf's current Lease area by means of a dredging operation.
All direct mining costs and profits are to be shared on a 50% each basis.
Should the grades of gravel prove sufficient to allow larger-scale mining then a
formal joint venture agreement will be negotiated.
A copy of the Canaf announcement can be found at Canaf's website
www.canafgroup.com
- ENDS -
Enquiries:
Target Resources plc 020 7258 2300
Yair Ziv, Finance Directorwww.target-resources.co.uk
Nominated Adviser and Broker
Arbuthnot Securities 020 7012 2000
John Prior
Ed Burbidge
This information is provided by RNS
The company news service from the London Stock Exchange
END
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