Announcement Date: 2022-12-19
Announcement Type: Deposit Estimation
Announcement Code: (other Code)
Company name: Xtract Resources Plc
Project name: Bushranger
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Initial Resource Estimate for Ascot Deposit
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to announce the maiden Mineral Resource Estimate for the Ascot Prospect, on the Bushranger Copper-Gold Project in central New South Wales, Australia, following the discovery of a new porphyry system at the Ascot Prospect in December 2021. The maiden Ascot Inferred Mineral Resource adds a further approximately 190,000 tonnes of copper equivalent metal to the 1.1Mt reported previously at the Bushranger Project. Highlights · A maiden Inferred Mineral Resource Estimate for the Ascot Prospect at the Bushranger Project is reported by independent consultants Measured Group Pty Limited (“Measured Group”) as 87Mt @ 0.22% CuEq*, at a cut-off of 0.1% CuEq, containing 0.19Mt of copper equivalent metal and classified as Inferred in accordance with JORC (2012)
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