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Xtract Resources ( (GB:XTR) ) just unveiled an announcement.
Xtract Resources Plc has provided an update on its Silverking Project in Zambia, where it is working to achieve a 51% interest through a joint venture with Oval Mining Limited. Recent exploration efforts have revealed promising mineralization results, including a new discovery at a shallow depth. The company has implemented advanced geophysical technology to enhance exploration accuracy and plans further drilling and surveys to better define the mineralized structures. These developments suggest that the Silverking Project may offer more extensive mining opportunities than initially anticipated, potentially impacting the company’s operations and market positioning.
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 mining, with a significant project located in the Mumbwa District of the Central Province of Zambia. Xtract Resources has entered into a joint venture agreement with Oval Mining Limited to earn a substantial interest in the Silverking copper mine.
Average Trading Volume: 2,006,644
Technical Sentiment Signal: Hold
Current Market Cap: £7.28M
For detailed information about XTR stock, go to TipRanks’ Stock Analysis page.