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Extension of RPT Agreement

14th Sep 2010 07:00

RNS Number : 6066S
Alexander Mining PLC
14 September 2010
 



 

 

14 September 2010

 

Alexander Mining plc

("Alexander" or the "Company")

 

Extension of Agreement with RPT to Develop Mining Projects with MetaLeach's Proprietary Leaching Technologies

 

Alexander Mining plc is pleased to report that its wholly owned subsidiary MetaLeach Limited ("MetaLeach") has agreed an extension to the initial commercial agreement with RPT Resources Ltd. ("RPT", listed on the TSX Venture Exchange - code RPT ) signed in August 2009. The extension will continue on a rolling monthly basis unless notice is given by RPT. All other terms and conditions of the existing agreement remain the same, including the monthly consultancy fee of US$25,000.

 

Martin Rosser, CEO of Alexander, said: "We are delighted that RPT has agreed to an extension of its agreement with MetaLeach. We have developed a strong working relationship with RPT and jointly investigated several attractive opportunities in different regions of the world suitable for acquiring direct equity interests in copper and zinc properties and development projects. Evaluation of some of these opportunities, as well as presenting new ones, is ongoing."

 

 

For further information please contact:

 

Martin Rosser Matt Sutcliffe

Chief Executive Officer Executive Chairman

Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758

 

Alexander Mining plc

1st Floor

35 Piccadilly

London

W1J 0DW

 

Tel: +44 (0) 20 7292 1300

Fax: +44 (0) 20 7292 1313

Email: [email protected]

Website: www.alexandermining.com

 

Nominated Advisor and Broker

Richard Johnson & Hugh Field

Arbuthnot Securities Limited

Arbuthnot House

20 Ropemaker Street

London

EC2Y 9AR

Tel: +44 (0) 20 7012 2000

Email: richardjohnson@arbuthnot co.uk

[email protected]

 

Public/Media Relations

Tim Blackstone

Britton Financial PR

62 Britton Street

London

EC1M 5UY

Tel: +44 (0) 20 7242 9786

Mobile: +44 (0) 7957 140 416

Email: [email protected]

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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