Xtract Resources ( (GB:XTR) ) has provided an announcement.
Xtract Resources Plc has successfully completed the first three diamond drill holes at the Silverking Project in Zambia, revealing significant copper mineralization. The drilling results are promising, with substantial intercepts of copper-bearing minerals, suggesting potential for high-grade copper deposits. This development is part of a joint venture with Oval Mining Limited, allowing Xtract to earn a significant interest in the project. The findings could enhance Xtract’s operational capabilities and market positioning in the copper mining sector, with further exploration planned to assess the project’s full potential.
More about Xtract Resources
Xtract Resources Plc is a company involved in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in copper mining and exploration, with a significant market focus on projects in Zambia, such as the Silverking Project.
YTD Price Performance: 10.0%
Average Trading Volume: 769,725
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £4.71M
Learn more about XTR stock on TipRanks’ Stock Analysis page.