Nov 29 (Reuters) - Sierra Rutile Ltd SRXR.L :
* Does not believe has been any event or fact that will result in non-satisfaction of material adverse change condition precedent under MIA
* SRL's production remains in line with management's and market expectations and its operations within appropriate industry standards
* Intends to take up an offer included in Iluka notice to consult in good faith with Iluka whether to extend long stop date
* Considering all options and has reserved all rights available to it under MIA Source text for Eikon: For full story, click on: Further company coverage: SRXR.L
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