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Xtract Resources PLC - London-based mining company focused on Africa and Australia - Scoping metallurgical test work programme conducted on samples from Racecourse and Ascot deposits at Bushranger project are shown to be representative of anticipated average copper grade of the deposits.
Ascot samples yield payable gold and silver, while all concentrates produced payable silver grades. However, further work has been recommended for recovering molybdenum.
‘The results of the test work are considered typical of metal recoveries for deposits on the Lachlan Fold Belt. The Ascot overall gold grade has yet to be determined, so metallurgical work here is still at an early stage. The new report will be used to update the Bushranger concept study and was necessary to further advance the Racecourse project,’ said Executive Chair Colin Bird.
Current stock price: 4.15 pence, up 12% on Monday
12-month change: up 9.2%
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