Member Info for howezap

With the new access road being a crucial component for maximising ongoing exploration expenditure and strategy, they may be waiting to see if there are any indigenous land rights through the region from the heritage survey due in April that will then have to be dealt with.

Typically when mining haul roads or just to gain access to their properties crosses protected land it is common to attach a future royalty to the project which any future developer will inherit. Typically a Net Smelter Return (NSR) royalty.

A positive outcome to the heritage survey will have a profound effect on future strategy so until then, it may be that the company are waiting to update and implement their next PR strategy.

No, they do not need to release any individual assay results if they form part of a wider , more important exploration campaign, which individually may cause unnecessary or unwarranted market volatility. It’s a very grey area which does get exploited, but essentially it protects investors from wild swings in the share price.

No different really than why large ‘unknown’ trades are reported after market close to reduce market volatility during open.

“This really is a sh**show.”

F*** me 🙄

XTr will outperform Bzt with diversification, growth potential and with a sale of BR That’s saying something, as Bzt has done and will continue to do well. Fingers crossed it all comes together for you kwad

“Too early to have a view on that imho Mr Zap”

That’s the point ntm, the company would by now have a far better understanding of what is there for Martyn to suggest it is scalable.

After all, you do agree mc has a lot less appetite for bs than mr Colin bird does

The one word that MC mentioned that Cb wasn’t so keen on the idea of is ‘scalability’.

Could MC have a bit more appetite for risk than CB?

Hey Archangeleyes, you are correct in that it is a science, All work done anywhere follows an industry recognised 5 stage exploration model of which they are progressing along with.

From start of desktop studies, mapping

Sampling.

Geophysics - ground and airborne surveys

Drilling- reconnaissance, resource delineation, resource infill drilling

Project studies- ESG and rehabilitation

The last phase has not been about chasing grades, so not hitting mineralisation through ‘barren’ rock should not be seen by the market as a duff drill hole at this point, but they often are perceived by the fickle market as just that. But in fact are still invaluable to the modellers to build the geological picture as they refine their drill targeting success rates. At the end of the day, essentially every drill has a joint purpose, the first is the obvious but the other purpose is to add ever increasing value to the project through investing in every drill bit to return the most value from them.

So your comment regarding Ed mead that they are not just prodding around with their fingers crossed is absolutely spot on 👍

All opinions are appreciated after all buried treasure but what are you actually basing it on? I don’t quite see how you can conclude that in light of xtracts now diversified portfolio, millions more to come in regular income up until ‘28 and their priority of small mines JV’s that allows early revenue generation which are both scalable. It’s looking really solid or is it not?

@buried-treasure so Shaun Day with Greatland, Sapan Ghai with Sovereign metals and Oliver Friesen of GMET if think would disagree with you as CEO’s that they are ‘bad performers’ to name just 3 what I would consider to be three of the highest quality companies on AIM that have been on roast PR.

Not to forget Rick Rule must think it is a credible platform to associate his name and company, Rule investments with the show.

Try researching the company first before copy and pasting your opinions on their board next time.

Let’s hope Monday with this interview now out, XTr can siphon even more money out of other stocks whilst attracting more new investors in as the market begins to realise the strong investment case there is in XTr

Is good to see members that do their research.

AIM is a capital market, as before the company will likely approach the market to raise funds for the next phase when the time is right and pending results and a PR drive. It will be better in the long run to have full operational oversight for as long as possible.

Investors that want to participate in any future fund raises usually discounted can do so by opening a stocks and shares ISA acc with wishbones nominated broker: Global Investment Strategy UK Limited

Anyone can participate not just ‘them and their mates’

I like the subject header that is a nice subject header.

To put my finger on it Cygnus I would say it is because the usual narrative from the more optimistically challenged has now seen a shift toward a more ‘reserved optimism’

I know that because my last couple of posts have got more than my usual one pity tick up, so it must be positive 😉

Way too early for a JV partner, forget it. It will be worse than dilution overall and wishbone would still have to stump up their % commitment of the JV for financing of a major ongoing exploration phase. A partner who would essentially need to have far deeper pockets would want full control to make the project risk profile at this point in the projects evolution worth their while, would never be a 50/50 split, regardless of what the results are of latest work that has been done at red setter which has still only been reconnaissance in nature , not a ‘targeted’ drilling campaign yet. Hopefully that will come in the next phase pending results.

So WSBN would certainly become a minority partner and be at the mercy of others timescales and budget requirements who would naturally have different expectations on return on investment as a bigger company, so interests are not usually aligned. Believe me, it is not an ideal position to be in, what’s to stop the new financier blowing some of the exploration budget on a fleet of new cars or new offices for their geological team. Bigger partners have a habit of diluting to oblivion minority partners that do not have a controlling interest or access to readily available funds.

At this point WSBN will be far better off going it alone as far as they can take it themselves in the hope they make a viable discovery later.

Besides, a JV would have to be approved by shareholders, and without material results released first, shareholders cannot make an informed decision.

While waiting for an update you can gain access to western Oz Gov mining portal. I have registered and regularly log into NSW portal for logged technical reports and drill data but not tried WA but here is all you need to know if alleviates some of the boredom and or concerns. You will need to register on the portal which, if it’s like NSW, can be a little difficult to navigate at first.

Drill‑hole data (collar/survey/logs/assays): Drillhole datasets (collar locations, downhole logs, assays) are commonly available via MINEDEX, WAMEX, or DMIRS drilling datasets and via SLIP/WA data catalogue. These are not the same as permit approval documents but contain drill location and technical details.

How to view them (practical steps):

1. Search DMIRS Tenement/Document holdings (Mineral Titles Online / MTO) for the tenement and open its lodged documents — look for “drilling approval”, “Program of Works (PoW)”, or “notice of intent to drill”.

2. Use the DMIRS/SLIP ArcGIS MapServer layers (TENGRAPH) to locate drill collar points and then cross‑reference the tenement/documents. Example: query tenement by area, then check attached “Documents” or “Conditions” fields.

3.For historical exploration drill

logs and assays, search WAMEX (company reports) and MINEDEX or the WA data catalogue (some files are downloadable).

Hopefully the penny is finally dropping for many that have been in the doldrums invested in XTr over last few or more years.

When it moves it will move fast with ‘26 and ‘27 transforming share value. Has only just begun with this years objectives being achieved and in a timely manner there will be good growth potential beyond that in both the small mine start ups to progress to larger operations. Particularly SK with doubling up of throughput within a year or so I think a certainty, and feasibility from the larger exploration JV of a bigger plant altogether thereafter.

This will be traded of course but with a genuine growth strategy, the share price is not likely to peak and fall away. Any further development funding will become more value accretive too. Does feel as though the time is right now for XTr to join the many other small caps that have already ten bagged off the back of essentially just their primary assets.

Anyone that has not seen TG post from Kev Hornsby. Interviewing XTr Moroccan antimony manager along with Martyn Churchouse for this Sundays show.

Not sure how much we could actually learn of importance toward more a definitive timeframe , but will be of interest to shareholders and a welcome update through a different source other than through Colin.

Will look into that, I get around ads by using duck duck go, it’s got a good ad blocker but the drawback with the browser is it don’t save search history which can be a real pain.

Although this can be a blessing too, so I am torn.

Hi NtM this a ‘summarised’ edit of relevant discussion from various members on TG about a week ago I would not disagree with.

XTR daily volume has been around 7.7m so 35-40m a week over about 12 weeks now so we must be nearing the end unless there was more than 50% flippers. Is looking to be about 600m or so traded since the raise on 13th nov. The overhang that has been holding it back, likely done or pretty much negligible now so once warrant flippers are out the way it should move up.

Spunky little feature at the bottom of the XTr page, ‘what if I invested 1k in XTr’

1 month ago up now 71%

6months ago up 91.3%

1 year ago up 62.96%

Fortunately doesn’t give beyond that la la la

So think you could be on a winner jez with that particular tranche. That is now a respectable average easily in reach once development and production are ratified and any other general updates. The market has certainly turned bullish now.

Good find cheers for sharing, although a JORC that has outlined a resource with at least some conversion to indicated category, is just one critical input toward a PEFS that will be required before any corporate action regarding monetising happens.

An economic feasibility study will interrogate what effects various market price ranges will have on the model, capital outlay for processing infrastructure and operating costs, utility provision and logistics, how it will be mined and processed, environmental considerations, associated risks along with deliverable timeframes for development and phases of production.

So will take some work to get the resource where it needs to be to underpin economics for a standalone operation and allow stakeholders or interested parties to make informed decisions as ti whether they take the project forward.

Have every confidence kendrick team evaluation will provide the project a good kick start but it will all take time and money. The main reason why there is a reversion back to 50/50 split on a sale is to prevent a quick sale, it encourages the project to pushed as far up the value curve as possible.

So far so good 😊