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The latest announcement is out from Xtract Resources ( (GB:XTR) ).
Xtract Resources has announced its audited financial results for 2024, highlighting several strategic moves and operational highlights. The company sold its stake in the Manica Gold project, reducing risk and reallocating capital towards copper development initiatives. Notably, the Bushranger project in Australia showed improved copper recovery using new technology, potentially enhancing production efficiency. Xtract also expanded its portfolio with new licenses and joint ventures aimed at copper and battery metal production, including ventures in Morocco and Zambia. These developments position Xtract for potential growth in the copper market and diversification into antimony, which the company sees as a significant growth area.
More about Xtract Resources
Xtract Resources is a company operating in the mining industry, focusing primarily on copper and recently expanding into antimony. The company is involved in various mining projects and collaborations across different regions, including Australia, Zambia, and Morocco, with a strategic emphasis on copper and battery metals.
Average Trading Volume: 1,996,439
Technical Sentiment Signal: Sell
Current Market Cap: £6.72M
See more insights into XTR stock on TipRanks’ Stock Analysis page.