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Xtract Resources ( (GB:XTR) ) has provided an update.
Xtract Resources has advanced work on its Amghas and Ighoud antimony licences in Morocco and approved further investment to fast-track both former mines back into production. Site clearing at Amghas has uncovered extensive underground workings with visible high-grade mineralisation, and underground sampling indicates additional bulk production potential from mineralised breccia wall rock.
The company has completed Phase 1 flotation metallurgical test work confirming the ability to produce a saleable antimony concentrate and is studying dry ore sorting and gravity separation to improve recoveries and cut processing costs. Xtract is now developing a flowsheet and capex plan for a centralised flotation plant at Amghas designed to deliver a concentrate of more than 65% antimony, underpinning a quicker path to revenue from both mines.
The most recent analyst rating on (GB:XTR) stock is a Hold with a £0.97 price target. To see the full list of analyst forecasts on Xtract Resources stock, see the GB:XTR Stock Forecast page.
Spark’s Take on GB:XTR Stock
According to Spark, TipRanks’ AI Analyst, GB:XTR is a Neutral.
The score is held back primarily by weak and highly volatile financial performance, especially the 2024 revenue collapse and cash burn. Technicals are a notable offset with improving momentum and price trading above key moving averages, while valuation is pressured by losses reflected in the negative P/E and lack of dividend support.
To see Spark’s full report on GB:XTR stock, click here.
More about Xtract Resources
Xtract Resources is a mining and exploration company focused on hard rock projects, with an 80% interest in Moroccan venture Wildstone SARL. Through Wildstone, the group is targeting antimony production from the former Amghas and Ighoud mines, aiming to develop saleable concentrates for the metals market.
Average Trading Volume: 8,908,406
Technical Sentiment Signal: Hold
Current Market Cap: £13.09M
For an in-depth examination of XTR stock, go to TipRanks’ Overview page.