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Martyn does indeed refer to dry ore sorting (around 54mins) to produce a pre concentrate that can be put into floatation.

(In reference to the bulk material either side of the high grade veins)

He also refers to Steinert re getting them to do dry ore sorting test work - well remembered!

Howezap - this is the interview with MC I was looking for!

XTR section re Antimony starts around 51.10mins:

https://www.youtube.com/watch?v=1mfI3Qy8iaY

Apologies, it was in fact a roast podcast, I just couldn’t find it earlier for love nor money.

I’m not trying to stop you posting Jez, I’m just highlighting that you’re talking out of your…

Oh and what a surprise, another few insults to add to the mix - ‘hilarious’ and ‘very mature’ as always, you really are doing a great job of putting yourself across as respectful and a voice of reason on the XTR bb.

You’re not at all coming across as an abrasive tool who offers vacuous responses coupled with insults in what can only be described as having a child like mentality with respect to financial discussions.

I think my part of our conversation probably ends here, feel free to carry on attempting to goad me, throw a few more insults my way for good measure etc, but like I said earlier: you’re just coming across like a horrible, childish, boring, repetitive, provocative, angry little man and I don’t intend to waste any more of my time talking to you today.

What’s so hard to understand Jez?

Me calling you out for posting nonsense? Me not wanting to put up with you constantly insulting me? Or are you confused about me not wanting to spend any time talking to you because you converse like an angry child?

As I’ve said before: stop posting bs (or expect to be called on it), stop insulting me constantly, and bluntly, grow up.

You must get a real kick out of being such a fierce keyboard warrior - does throwing insults at people on the internet make you feel big and strong? Does it make up for the fact that you have the cognitive ability of the breccia ore plant feed we’ve been discussing this morning?

You are a (very incapable) manipulator, childish and incredibly pathetic.

Wind your neck in or just go back to ‘filtering me’ and telling everyone else to do the same, or maybe insult me some more, or maybe get some of your other accounts/cronies to do the same? All of those are solid moves (apparently…)

Shame anyone with two brain cells can that you post out of your … whilst I consistently attempt to evidence my statements in a quantifiable and verifiable way.

I’ll rise above the name calling as again, you are being pathetic and childish.

But seriously, what are you even talking about?

I made no reference to you commenting on my post in the first instance - I was simply calling you out for posting nonsense - where are you even getting that from?!

Your first post: “ So we have 5 days left on one licence and a little under 8 weeks on the other ?

What happens if they aren't renewed in time ?

Do we lose them, do they revert to the government, previous owner, God ?”

My post in response: “Jez it feels like you’re fear mongering here… XTR have renewed multiple licences across multiple projects with no issues whatsoever and yet you’re now suggesting for no reason other than to presumably spread panic that these licences will be lost somehow or that they may revert to someone else.

Licenses come up for renewal, they get renewed, this is standard practice in mining.

Stop trying to spread fear, it’s transparent.”

You’re changing the narrative, getting worked up, insulting me repeatedly and trying to put words in my mouth.

Your most recent post doesn’t even make sense: “ It was YOU, you freak,commenting on my post and now you really think it was the other way around. You really need help if you genuinely think it was me commenting on a post you made.”

I didn’t say anything of the sort, you’re fabricating a scenario and getting incredibly worked up over it.

Appreciate this is a comedic quip Lucky - but the point is it doesn’t need ‘mining’, it’s in reference to the piles of rubble that have been assessed as part of the ‘clean up’ of the area and it turns out they can be processed instead of effectively just being waste that requires moving…

Translation: no mining cost for a significant amount of ore that can be fed into the plant.

From my perspective, this is a decent ‘win’ - we will have the particulars of it explained to us via RNS in due course, I’m sure.

3rd Feb roast podcast gives some info re our discussion.

To paraphrase rather than transcribe the entire interview:

CB makes a few statements re circa 3% grades (especially re Breccia surrounding high grade material).

Talks about ‘pleasant surprise’ when cleaning up the area re how much ore on the ground there is - ‘not stockpiles, the remnants from previous mining’. Refers to this as a ‘flying start’ as this rubble could last a year and a half with the planned plant.

Interesting to listen to again to be fair - circa 11.30mins in re Antimony project.

Reference: https://m.youtube.com/watch?v=H6kN-_Tjyqg&ra=m

This isn’t the interview I was looking for though…

Jez, you’re not “winding me up”, you’re simply making it clear to anyone reading that you are resorting to insulting me because you’re not capable of adult discussion about a financial investment.

Can I be any more clear: I do not want to talk to you or care for your point of view - you repeatedly get caught out pushing a negative agenda and posting absolute nonsense. You then - when called out on it - throw insults instead of using logical debate which is pathetic and incredibly childish.

You are consistently trying to bait me so I “bite back” by attacking me personally and frankly, I’m bored of your disrespectful behaviour.

Not annoyed, not ‘wound up’, just bored.

If you have an issue with something I say, feel free to offer up a counter - for the record though, a personal attack is not a valid counter point in a logical debate.

Honestly Howezap, my memory is a little hazy of the Antimony interview(s)… I think it was a YT video instead of a roast podcast?

If anyone has the link(s) that would be appreciated, if not I’ll have a look for them..

FYI Jez, I wasn’t trying to start a conversation with you.

That will not, however, prevent me posting an observation about your posts or stop me from pointing out when you’re talking nonsense.

Perhaps you should try insulting me again though, that perfectly demonstrates how adult you are and doesn’t at all make you appear like a small minded child who throws mud instead of offering a logical argument because he doesn’t like being called out for spreading fear and misinformation.

Stating that a 3% grade does not equal 6g/T is not ‘picking on anyone’ or ‘disrupting’ the board - it’s demanding a correct starting point if we’re going to attempt to work out a cig packet calc for the production profile of a project - and bluntly, a 3% grade is not 6g/T.

I sincerely doubt Howezap has taken me pointing out the mathematical error of someone else’s calculations personally.

As per usual Jez you’re resorting to insults after being called out on posting BS instead of making any kind of logical argument that supports your position.

So now my ‘nappy needs changing’ and ‘I’ve run out of meds’?

Grow up.

If you can’t converse like an adult then, in the spirit of not clogging up the board with a petty argument, I’m not interested in a conversation with you.

Point noted re ‘high grade’ vs ‘average grade’ Howezap, as per my last post, I would need to re-listen to the podcasts to remember verbatim what was stated re average grade…

Not intending to be combative with you, it was more comical to me that someone would start mathematical (albeit cig packet) calculations attempting to scope out the potential Antimony production here by using the assumption that 6g was 3% of a T.

So you “know all about how licences get renewed” but choose to ask an amateur question and offer a suggestion that we might lose the licences.

Smells like fear mongering to me - which coincidentally is pretty much in line with your usual posts.

Like I said Jez, it’s transparent.

As an FYI re grades:

“ · Clearing of the Amghas site has uncovered an extensive network of underground development providing access to clearly visible high-grade mineralisation (15-40% Sb)”

Ref: https://www.lse.co.uk/rns/XTR/wildstone-towards-production-on-antimonylicences-di9q2y056v1zl6h.html

“ In October 2025 Wildstone expanded its’ Moroccan-based licence portfolio with the acquisition of two additional prospective antimony licences, together known as the Amghas licences. The licences cover an area of 32km2 in the Khenifra Province of Morocco and host multiple high-grade antimony sulphide veins with recorded antimony grades exceeding 40% Sb which were last mined underground in the late 1950s.”

Ref: https://xtractresources.com/projects-operations/wildstone-joint-venture/

Would need to re listen to the interviews to remember what was said verbatim re grades… personally speaking, I feel like there’s still quite a few variables re Antimony grades/throughput/recovery/selling price etc so I’m happy to wait for further guidance on the project.

Jez it feels like you’re fear mongering here… XTR have renewed multiple licences across multiple projects with no issues whatsoever and yet you’re now suggesting for no reason other than to presumably spread panic that these licences will be lost somehow or that they may revert to someone else.

Licenses come up for renewal, they get renewed, this is standard practice in mining.

Stop trying to spread fear, it’s transparent.

Howezap - I hate to be the one to say this, but 3%/T is not 6g.

That is quite frankly a terrible calculation.

Considering that was used as the starting point, I think you should probably disregard Mike’s numbers entirely and I’d suggest we wait for the company’s forward guidance & more info to work from re grades / tonnage throughout / recovery etc.

In the grand scheme of things, I’d suggest Chilibwe is a bit of a punt that *could* be lucrative once the licence dispute is settled - if, however, it drags on and/or doesn’t go ‘our way’ then it’s no real issue. Not to say it’s not important to have clarity on the Chilibwe project, but it is far from the focus of XTR.

Our eggs are firmly placed in other baskets such as bringing Silver King & the Morocco antimony projects to production, Bushranger project etc etc

Ref: https://xtractresources.com/projects-operations/

Re financing:

“ The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that it has approved the commencement of preliminary reconnaissance diamond drilling on the Chilibwe large scale exploration licence 22118-HQ-LEL in Zambia (the "Licence"), funded by Xtract as a loan to Chilibwe under the terms of Xtract's collaboration agreement with Chilibwe Mining as set out further below.”

“ Xtract has made no commitment to provide any funding itself to the Project pursuant to the Agreement. Furthermore, Xtract has made no representation or commitment that it will be able to obtain funding for the Project. Any funds provided to Chilibwe by Xtract or spent on the project by Xtract ("Xtract Loan") can at Xtract's election be converted into shares in Chilibwe based on the funds provided by Xtract and by Chilibwe ("Loan Conversion Shares").

Exclusivity & break fee

Chilibwe has appointed Xtract as its sole and exclusive agent for 24 months in relation to the Services (the "Exclusivity Period"). If Chilibwe accepts funding from another party in the Exclusivity Period then it shall within 7 days: (i) pay a break fee to Xtract of US$500,000 (the "Break Fee"); (ii) issue the Xtract Fee shares (if not already issued); and (iii) issue any Loan Conversion Shares / or make any Xtract Loan repayments.”

Ref: https://www.lse.co.uk/rns/XTR/chilibwe-licence-decision-to-commence-drilling-vkd9nf5cdfr7q41.html

There’s more info in that RNS and across a couple of others, but the above seemed particularly relevant.