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An announcement from Xtract Resources ( (GB:XTR) ) is now available.
Xtract Resources Plc has completed Phase 1 of its drilling program at the Silverking Project in Zambia, in collaboration with Oval Mining Limited. The drilling results revealed significant copper and silver intercepts, enabling the company to estimate an initial non-code compliant mineral resource for internal use and preliminary mine planning. This development marks a step forward in Xtract’s strategy to increase its stake in the project to 70% by meeting expenditure commitments. The company is also preparing for further exploration at the Kopje Prospect, with plans for additional drilling and infrastructure development.
More about Xtract Resources
Xtract Resources Plc is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper and silver mining projects, with a significant market focus on expanding its interests in the Mumbwa District of the Central Province of Zambia through joint ventures and option agreements.
Average Trading Volume: 1,973,291
Technical Sentiment Signal: Hold
Current Market Cap: £7.07M
For a thorough assessment of XTR stock, go to TipRanks’ Stock Analysis page.