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Xtract Resources PLC - London-based mining company focused on Africa and Australia - Completes drill hole BRDD-21-055 and with it phase two of the Bushranger copper-gold exploration project. It is located in New South Wales, Australia. The mineralisation styles it intersected were ‘of a similar nature’ to those intersected in drill hole BRDD-21-035. This means that there is a possibility for extending the mineralisation with a high copper and gold tenor by up to 100 meters at depth. It aims to identify the extent of the Ascot prospect and target higher-grade gold intersections at both prospects with a phase three programme.
Current stock price: 3.22 pence
12-month change: down 26%
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