announcement out

Condor has signed the definitive agreement for the acquisition of the South African Hard Coking Coal Projects: The Duel, Mopane and Universal Annex. The terms will now be put forward for shareholder approval.
? Progress in obtaining €10 million in debt funding is now in its final stage. The agreements have been signed and the loan funds will be available in April, Condor will apply the funds to develop its Marianas Magnetite Tailings Project in Chile through to production and to begin the drill-out and feasibility work at The Duel.