Source - SMW
Xtract Resources said after a review of the Chepica Gold/Copper Mine in Chile, it has determined that the underlying fundamentals and the risk associated with the project are no longer supportive of continuing investment by the company.  

"On this basis, the Company has advised the option holder that it will not make future option payments," it said in a statement. 

"The next option payment is due on 15 October 2016 following which the Company will relinquish its option and mining rights at Chepica."

At 9:45am: (LON:XTR)  Xtract Resources Plc  share price was -0.01p at 0.03p