Xtract Resources Plc (XTR)

Overview

Xtract Resources Plc is a dynamic resource development, and mining enterprise, operating across multiple prime locations. Originally known as Xtract Energy PLC, the company underwent a name change in June 2013 to better reflect its broadened focus on mining and resource extraction. Established in 2004 and headquartered in London, United Kingdom, Xtract Resources has carved a niche for itself by concentrating on the exploration and development of projects with significant potential in copper and gold. It is actively engaged in the exploration and development of noteworthy projects in Australia, the Democratic Republic of the Congo (DRC), Angola, Zambia, and along the DRC-Zambian border.

Products and Services

• Bushranger Copper-Gold Project
  

  This flagship project of Xtract Resources Plc involves an extensive 501 square kilometers of exploration land located in eastern central New South Wales, Australia. The Bushranger Project focuses on exploring and potentially developing copper-gold deposits within this significant land package. This project exemplifies the company's strategy of targeting minerals that are in high demand globally, especially in industries geared towards electrification and sustainable technologies.

• Western Foreland Copper Project
  

  Spanning 107,000 hectares, this project occupies a strategic ground along the border regions of Angola, the DRC, and Zambia, nestled within the Western Foreland geological district. The area is renowned for hosting the high-grade Kamoa-Kakula copper deposits, indicating the high potential for significant copper discoveries. The Western Foreland Copper Project allows Xtract Resources to explore in a region well-documented for its rich mineral deposits, positing a lucrative opportunity for copper extraction.

• The Kakuyu Project
  

  Covering an area of 201.78 hectares in the northwest of Mumbwa, Central Province of Zambia, The Kakuyu Project represents Xtract Resources' venture into the Zambian mineral exploration scene. This project is strategically situated in a region known for its rich mineral endowment, offering promising prospects for discovering copper and gold deposits. With Zambia's mining-friendly policies and the Central Province's known geological composition, The Kakuyu Project stands as a testament to Xtract Resources’ dedication to expanding its portfolio and tapping into new, resource-rich territories.