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EXTERRA RESOURCES LTD
www.exterraresources.com.au/
Full Exterra Resources Ltd profile here
Exterra Resources Ltd (ASX:EXC) has gold projects located in the NE Goldfields region of Western Australia and holds an option to acquire a lithium project.

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Exterra Resources Ltd’s substantial shareholder increases stake yet again
Tuesday, July 05, 2016 by Proactive Investors
Exterra Resources Ltd’s substantial shareholder increases stake yet again
Exterra Resources Ltd’s (ASX:EXC) substantial shareholder, Bernard Stephens, has increased his stake in the company for the second time within two months.
Stephens has now moved to a 10.27% stake, from 8.21%, after both purchasing shares on market and participating in the recent $1.5 million share placement.
This builds on his recent increase to 8.21% from 6.53% in late May through on market purchases.
Exterra currently has a dual focus on gold and lithium.
Exterra is currently pursuing debt funding to fund development of the Second Fortune mine alongside the Mitchell River Group (MRG), a mining investment partnership and technical services consultancy.
Exterra and MRG have executed a term sheet which contemplates the parties entering into a management agreement.
The agreement would allow MRG to bring the technical and commercial personnel, experienced in project development, to the Linden Project on a cost plus basis to ensure a smooth development pathway for the Second Fortune Mine.
Second Fortune is the company's most developed prospect within its Western Australian gold exploration portfolio, and is located within its wholly-owned Linden Gold Project 220 kilometres north northwest of Kalgoorlie.

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