Member Info for Gixxer-600

CB interview on VOX

markets.co.uk/articles/deltic-energy-xtract-resources-chris-bailey-and-glen-goodman-44e6fb7

Highlights



· Due diligence by Xtract to verify legal and beneficial ownership of the tenements satisfactorily completed

· All ProspectOre shareholders have agreed to exchange their holdings in ProspectOre for Xtract shares, subject to Australian regulatory approval

· Initial planning for drilling program completed and permitting process under way

· On completion, Xtract plans to drill up to nine holes, in two phases, at the Racecourse deposit to extend the thickest and highest grade copper-gold mineralisation within the Racecourse deposit to the northwest, beyond previous drilling limits

· Particular interest will focus on zones of secondary gold enhancement - where up to 6m @ 2.5g/t Au and 1m @ 11.1g/t Au was encountered by previous drilling within the wide copper-gold mineralised intervals

· On drilling completion, Xtract plans to re-estimate the Racecourse mineral resource under JORC (2012)

· As previously reported the Racecourse mineral resource, on the Bushranger Project, was estimated in 2018 as 71Mt @ 0.44% Cu and 0.064g/t Au, at a 0.3% Cu cut-off, and has been classified as Inferred in accordance with JORC (2012)

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Just been back through the TW interview Q&A session as I remember CB discussed the GF deal:

Q"Please provide an update on the two contracts which should have been awarded by the end of June to give short term income whilst awaiting full scale HR production from Fair Bride?"
Please explain why deliverables are constantly missed, do you not feel this has a large impact on sentiment?

A: Hello, agree non-delivery has a large impact on sentiment but to identify, make an agreement and for the company to procure the necessary equipment to meet the contractual terms takes time, especially if that equipment is coming from China. You cannot do it in two month but the pressure is on to do it.

I might be reading between the lines too much however, its possible the deal is done and they are waiting for plant to arrive from China before its announced?!

Agreed. It really is a bad characteristic of Bird to provide the market with deliverable predictions that are consistently late, by months or even years!

You'd have thought that he would have learnt to keep dates to himself until his 100% sure he can meet targets....

There is mention of that:

"Negotiations to introduce further mining and processing for both alluvial and hard rock production are progressing. and we look forward to updating our shareholders in due course."

1.6 paid - News inc?

Someone being quite clever loading up with these 5k buys, if it is the same person, just enough per day not to nudge the SP up too much...

SP holding up well over the last few sessions. Hopefully we get decent alluvial news this week and news on the free milling deal. If both are good it could push us to around the 2p mark....

A bit more data here (pg15):

https://xtractresources.com/wp-content/uploads/Manica-presentation-12March-2017.pdf

Just been looking back at data for our Guy Fawkes region in anticipation of the coming deal. Drilling results show that the grades are not too shabby at all.

The info below is quite old but I doubt too much gold has eroded since the samples were taken:
"Previous drilling at Guy Fawkes has returned assays including 1 metre at 19.2 grams per tonne (g/t) gold and 1 metre at 15.52g/t gold.

Drilling at opposite ends of the shear, based on similar geological structural signatures, returned similar results, suggesting sound continuity along the shear.

Other cumulative intersections from previous drilling included:

- 4m at 7.08 g/t Au from 69m – MAC020
- 5m at 2.66 g/t Au from 51m – MAC042
- 10m at 2.27 g/t Au from 109m – MACD002
- 3m at 6.68 g/t Au from 24m – MACD015"

Ref:https://www.proactiveinvestors.co.uk/companies/news/41137/terranova-minerals-to-exploit-oxide-potential-at-3moz-manica-gold-project-49061.html

That saying worked well when we were just based in Africa - I guess now we're hunting for kangaroo's too.....

https://xtractresources.com/wp-content/uploads/Xtract-presentation-July-2020.pdf

It's better to check trades here:
https://www.londonstockexchange.com/stock/XTR/xtract-resources-plc/trade-recap

LSE has been playing up for months now...

via Halifax SD

Can only buy a max of £500 without triggering a negotiated order ATM...

The way the PoG is going we'll be getting $1e6pm from FB!

PoG increasing can only expedite the signing of these new free milling/alluvial contracts surely? - They seem to have been on the verge of being signed for months. Maybe Bird keeps changing the contract terms as the PoG increases?!

I nominate CE......

I tried this a few years back with no joy. For sure I'd be up for doing it again...I have a 2.2% share in the company....