Member Info for H202

If we prove up the resouces AA buyout of the project is very likely, IMO (See Page 12).
https://xtractresources.com/wp-content/uploads/Bushranger-Summary-Presentation_April-2020.pdf
Racecourse Deposit - EL 5574
1. EL5574 was purchased 100% by ProspectOre from Anglo American (“AA”) via a Sale and Purchase
Agreement
2. AA have a “buy-back” opportunity, giving ProspectOre a mechanism to monetise exploration success:
a) If a deposit of greater than 2M tons of contained CuEq (i.e. 450Mt @ 0.45% CuEq) is ultimately identified. AA
may buy-back 80% of the deposit at fair market value as determined by an independent expert in accordance
with the JORC and Valmin Code. Parties are to then pro-rata fund to maintain 80/20 or ProspectOre may dilute
which ultimately ends with ProspectOre retaining a 0.75% NSR
b) If a “Decision to Mine” is taken by ProspectOre prior to the identification of a 2M ton contained CuEq resource,
AA also have an opportunity to exercise the buy-back
c) AA have a once only opportunity (before it falls away) to exercise the 80% buy-back whether the opportunity
comes through the discovery of 2M tons of contained CuEq or a decision to mine.
d) If AA does not exercise the buy-back and ProspectOre ultimately develops a mine, ProspectOre would have a
100% project interest less 3.5% NSR royalties and a $7.5M development payment to historic holders (which
includes AA)

Nice article:
https://stockhead.com.au/resources/the-lachlan-fold-belt-is-shaping-up-to-be-elephant-country-and-its-only-just-beginning/

With rising copper price and resources if any significant size as we expect make this very attractive project for the big mining.

I am genuinely excited.

In that case this trade 5.5 million at 6p is the second top-up.

Check the snapshot on Telegram group.

Lines up with 5.5 million shares purchased in last few days totalling £300k.

Seems new picture.
Certainly wasn't there last weekend when I was looking at the website

Indeed.
I can sell very large volume in a dummy quote.

Bought another 200K shares. Can't see this dropping too much from this price.

How do we look in comparison to other companies such as /CCZ?

Expecting news later this week and can't believe the drop here.

Hopefully for people to load up more or into the hands of patient investors.

Good to see 2 message and 18 share trading here.
Our day too will come.
Oil looking good just Mongolian government to put their act together.

Considering last move from 2 to 8/9 and back down towards 4/5p, I much rather the price movement is more orderly here than sudden jump and massive drop.

Many a times brokers also sell off shares from account to cover fees.

Hope it remains civilized.
I am expecting update later this week or early next week for drill#3.

May be today is another background buying day like yesterday. All looking positive.

Very interesting to see broad sheet for different valuation, hopefully all to be revealed very soon.

Based on stated/known projects, the Bushranger indeed seems like it will become the flagship project.

The stars are aligning now for XTR.

Thanks all for response.
Hopefully official RNS in due course will confirm the size of resources.

For someone who's not a geologist, can someone explain based on these data, what's expected minimum and maximum resources are we looking at?
Granted not everything will be recoverable.

In commodity bull market everyone goes #HODL.
I don't think this is for flipping. Hold and buy more on dips.

Surely BTC will go past 50k mark.

Hopefully all sells are soaked by new mighty buys and today we move upwards