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Investegate |Pembridge Resources Announcements | Pembridge Resources: Minto Mine Operator Agreement and Covid 19 Update


The Minto Mine Operator Agreement and Covid 19 Update
London, United Kingdom - Pembridge Resources plc (LSE: PERE) ( Pembridge or the Company )
announces that the Operator arrangement in relation to the Minto mine has been terminated as of 1 January 2021.
In January 2020 the
Minto Board, in agreement with the Joint Advisory Committee ( JAC ), which represents the combined ownership interests of Pembridge, Cedro Holdings and Copper Holdings in Minto Explorations Ltd. ( Minto ), appointed Minto Management Ltd. as an Operator under a contract with Minto.  The Operator acted as the advisor to the Minto General Manager and provided direction to senior members of staff on day-to-day matters and has helped Minto to develop its operations. ....

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