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Contango Holdings Plc confirmed the installation of a weighbridge at its Muchesu Coal Project was completed last week. The weighbridge is now fully operational, enabling trucks to collect coal and confirming tonnages for sales. The Company expects to announce first sales and receive first revenues this month from TransOre International FZE.
| Date | 8 Aug 2023 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 5691I |
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
**ENDS**
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Contango Holdings plc Chief Executive Officer Carl Esprey
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Tavira Financial Limited Financial Adviser & Broker Jonathan Evans
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T: +44 (0)20 7100 5100 |
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St Brides Partners Ltd Financial PR & Investor Relations Susie Geliher |
T: +44 (0)20 7236 1177 |