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Xtract Res PLC Ord 0.02P (XTR)

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15-Jan-2021 02:05 PM

Xtract updates on Bushranger exploration project

Copper mineralisation has begun at the first of three holes at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project, New South Wales, Australia, operator Xtract has announced. The company detailed that drill hole BRDD-20-001,
08-Jun-2020 09:56 AM

Xtract Resources posts loss as expenses weigh

Mining company Xtract Resources posted a full-year loss after a rise in gold sales was more than offset by expenses. Pre-tax losses for the year through December amounted to $1.09m, compared to losses of $0.74m on-year. Revenue from gold sales rose to $
29-May-2019 01:12 PM

Xtract Resources books annual loss amid disappointing gold sales

Xtract Resources booked an annual loss after higher gold sales nevertheless failed to offset expenses. Pre-tax losses for the year through December amounted to £736k, compared to losses of £1.3m on-year. Revenue rose to £892k, up from
29-Jan-2019 01:22 PM

Xtract Resources quarterly output falls amid lower grades

Xtract Resources said it had produced modest production results in the December quarter due to lower mineral grades. Total alluvial mining contractor gold production for the three months through December fell to 1,328 ounces, down from 1,811 in the third
30-May-2018 01:57 PM

Xtract Resources losses narrow after start of gold smelting

AIM-listed miner Xtract Resources said annual losses narrowed after it recovered and smelted gold for the first time in October. The company booked a net loss of £1.26m, compared to a loss in 2016 of £8.94m. 'The outlook for our sector
07-Dec-2017 09:15 AM

Xtract negotiates enhanced terms at Manica

Xtract Resources' wholly-owned Mozambican subsidiary, Explorator, has negotiated significantly enhanced terms for the western portion of the alluvial concession at its Manica mining concession in Mozambique. An addendum has been added to the June mi
06-Dec-2017 01:58 PM

Xtract updates on Manica Concession progress

Xtract Resources has announced, in respect if the Sino Mineral's initial start-up operations on the eastern half of the Manica Concession, a total of 6.287 kg of tax-paid gold on hand for October and November. This is said to be available for dispat
14-Nov-2017 09:26 AM

Xtract Resources raises £1.7m

Xtract Resources has raised £1.7m through a share placement to pay down debt and "take advantage of commercial opportunities". New shares in the company were issued at 2.85p each, a discount of approximately 8.5% compared to the five-day
12-Oct-2017 01:59 PM

Xtract updates on progress made by Omnia

Xtract Resources has confirmed that its alluvial mining contractor, Omnia, has commenced production on the western half of the Manica concession. The alluvial collaboration agreement, which was concluded on 18 June 2017, provides for monthly payments to
09-Oct-2017 01:40 PM

Xtract updates on Manica

Xtract Resources has reported that alluvial mining contractor Sino Minerals commenced production on the eastern half of the Manica concession. The Company is processed alluivals through their number 1 plant on 7 October, which resulted in the recovery o
25-Sep-2017 02:24 PM

Xtract updates on Manica

Xtract Resources has provided an update on the progress made by its mining contractors at the Manica concession and confirmed that Omnia Mining is expected to be in production in September, with Sino Minerals commencing production by mid-October. Other h
19-Sep-2017 02:03 PM

Xtract issues shares

Xtract Resources has confirmed that Auroch Exploration has today converted $200,000 of the outstanding loan agreement with Auroch. Xtract has therefore issued 6,219,370 new ordinary shares to Auroch at 2.4p apiece. Following this conversion, $860,000 (i
16-Aug-2017 07:48 AM

Xtract progresses with Omnia and Sino Minerals contracts

Xtract Resources said its mining contractor agreements signed with Omnia Mining on 19 June and with Sino Minerals Investment on 11 July are progressing favourably. All of Omnia's earthmoving equipment is on site, serviced and customised and two thir
11-Jul-2017 01:33 PM

Xtract subsidiary concludes contractor agreement with Sino

Xtract Resources has confirmed that its wholly-owned subsidiary, Explorator Limitada, has concluded its second mining contractor agreement with Sino Minerals Investment Company for the exploitation of alluvial gold deposits at Manica at its Manica mining
22-Jun-2017 02:29 PM

Xtract shareholders approve all resolutions at AGM

Xtract Resources has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 2:29pm: (LON:XTR) Xtract Resources Plc share price was -0p at 0.01p Story provided by
20-Jun-2017 01:46 PM

Xtract agrees changes to Nexus collaboration agreement

Xtract Resources has confirmed that the Company and Nexus Capital have agreed to revise terms of a collaboration agreement for the exploitation of alluvial gold deposits at Manica. The Company announced the following changes: - Addendum to collaboration
13-Mar-2017 01:50 PM

Resolutions passed at Xtract GM

Xtract Resources has confirmed that, at the General Meeting held earlier today, both resolutions were passed. At 1:50pm: (LON:XTR) Xtract Resources Plc share price was 0p at 0.02p Story provided by
10-Mar-2017 01:02 PM

Xtract issues shares to Auroch

Xtract Resources has announced that the Company has received a conversion notice from Auroch Exploration to convert $199,137 of the outstanding Convertible Loan Notes, which relate to the acquisition of the Manica Gold Project. The Company has the
30-Sep-2016 07:47 AM

Xtract Res. issues interim results, gives Manica update

Xtract Resources said the conditional sale agreement to dispose of its 100% interest in the Manica gold project for $17.5m has lapsed due to certain conditions precedent not being met. The proposed deal -- with Nexus Capital Ltd and Mineral Technologies
26-Aug-2016 07:26 AM

Xtract Resources appoints executive chairman

Xtract Resources has appointed Colin Bird as executive chairman, moving from non-executive director, with immediate effect. Story provided by
13-Jan-2016 07:40 AM

Xtract Resources gives Chepica Gold Mine update

Xtract Resources said work recommended at the Chepica Gold and Copper mine in Chile has been completed on schedule and the processing plant is ready to resume operations. But now more has been recommended. The processing plant was closed following a prob
04-Aug-2015 07:24 AM

Xtract's Chepica find

Xtract Resources has intersected a second high-grade gold reef system (Reef system B) at the Colin Mining area at the Chepica Gold and Copper Mine in Chile. This followed the update on 15 July 2015 in which the Company announced that development at the
05-Jun-2015 07:40 AM

Xtract Resources widens FY net loss

Xtract Resources has issued its FY results, the highlights of which are given below: Financial highlights: · First revenue received from concentrate £1.14m (2013: nil) · Net loss of £2.95m (2013: £0.13m loss) · Administrative and
06-May-2015 09:24 AM

XTR's grades

Xtract Resources Plc (AIM:XTR) has commenced mining on surface at the Salvadori II prospect ('Salvadori') at the Chepica Gold and Copper mine in Chile ('Chepica'). The first bench of approximately 25m has been established at the newl
18-Mar-2015 10:08 AM

Xtract's find

Xtract Resources Plc (AIM:XTR) has opened up a major gold bearing vein on the Salvadori prospect at the Chepica gold and copper mine in Chile. Planning is underway to start an outcrop stripping programme that will be quick to develop with low operating co

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