REG - Contango HoldingsPLC - Weighbridge Installation at Muchesu Coal Project

Contango HoldingsAnnouncement

08/08/2023 07:00

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RNS Number : 5691I  Contango Holdings PLC  08 August 2023

Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

8 August 2023

Contango Holdings PLC

("Contango" or the "Company")

 

Weighbridge Installation at Muchesu Coal Project

 

Contango Holdings Plc, the producing London listed natural resource
development company, is pleased to confirm the installation of the weighbridge
at the Muchesu Coal Project was completed last week and is now fully
operational. The completion of the installation of the weighbridge enables
trucks to collect coal from Muchesu and meets the necessary standards for the
sale and transportation of bulk commodities in Zimbabwe and beyond, as well as
confirming the tonnages and subsequent sales totals.

 

Production is ongoing and a sizeable stockpile has been built. The Company
expects to announce first sales and receive first revenues this month from
TransOre International FZE, as previously announced. Further updates will be
released upon first sales.

 

A short video, filmed in July, of the mine's operations, as well as feedback
from local families, can be found on the Company's website and using the
following link: https://tinyurl.com/ContangoSiteUpdate
(https://tinyurl.com/ContangoSiteUpdate)

 

 

 

 

**ENDS**

 

 Contango Holdings plc                   E: contango@stbridespartners.co.uk

 Chief Executive Officer

 Carl Esprey

 Tavira Financial Limited                T: +44 (0)20 7100 5100

 Financial Adviser & Broker

 Jonathan Evans

 St Brides Partners Ltd                  T: +44 (0)20 7236 1177

 Financial PR & Investor Relations

 Susie Geliher

 

 

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