Xtract Resources PLC (LON:XTR)

Xtract Resources plc is an expanded metals and minerals maker with its base in London. The organisation's shares are traded on London Stock Exchange Alternative Investment Market. The essential focal point of the organisation is gold and copper investigation and mining. The organisation's principal resources are situated in Chile, Mozambique, and South Africa.

The company's tasks incorporate Manica Gold Project, Manica Alluvial Project, Bushranger Project, Eureka Project, and Kalengwa Processing Project. Manica Gold Project is found around 4 km north of Manica town, more than 270 km west-northwest of Beira, Mozambique. The Bushranger Project is situated in the Lachlan Fold Belt, New South Wales. The Manica Alluvial Project has gold mineralisation. The Bushranger Project has a copper-gold porphyry-style racecourse store. The Eureka Project is situated roughly 100 km from Kabwe, west of the Zambian Copperbelt locale, and possesses a mining permit containing 345 hectares. The Kalinga Processing Project is situated in the North-western territory of Zambia, roughly 800 km northwest of Lusaka and more than 400 km south-west of Kitwe, and hosts copper mineralisation.

The Bushranger project has the Copper-Gold Porphyry-Style Racecourse store, where a JORC (2012) agreeable Inferred Asset has been assessed at 71Mt @ 0.44% Cu and 0.064g/t Au utilising a 0.3% Cu cut-off. This is accepted as one of the biggest porphyry stores in the LFB and stays open for development down-plunge, down-dip, and along strike toward the northwest and southeast. Besides, a few geophysical and geochemical focuses with attributes of porphyry-style mineralisation are prepared for drill testing on a 10-km belt along strike from the Racecourse store. Western segments of the Bushranger Project are additionally imminent for high-grade gold mineralisation. The five openings which were finished (one opening was deserted because of unreasonable deviation) all converged the drafted Racecourse porphyry copper change mineralisation framework.

In South Africa, Xtract has access to O'Kiep and Carolusberg copper sulfide mining projects. Situated inside 30 kilometers of Springbok, Northern Cape, with 33.8 million tons of sulphide copper tailings material on the surface, the need is to complete penetrating, examining, and metallurgical work to commission an attainability report. As per the concurrence with a copper maker Shirley Hayes IPK Pty Ltd, Xtract has rights to assess the Concordia project copper dumps in South Africa, including 182,000 tons of copper oxide material on the surface.