Member Info for JDAU

What are you even talking about?

Look at the grades of previous drills: https://www.rns-pdf.londonstockexchange.com/rns/7650I_1-2020-12-15.pdf

Then look at the XRF measurements of BRDD-20-001 (ref: https://www.lse.co.uk/rns/XTR/geochemical-update-on-bushranger-project-urg5n9bt5k8o95d.html ):

o 40m @ 0.3% Cu from 110m using a 0.2% Cu cut-off
o 148m @ 0.3% Cu from 171m using a 0.2% Cu cut-off
§ Including 30m @ 0.6% Cu from 235m using a 0.3% Cu cut-off
o 287m @ 0.3% Cu from 474m using a 0.2% Cu cut-off
§ Including: 30m @ 0.4% Cu from 517m using a 0.3% Cu cut-off
§ and: 23m @ 0.5% Cu from 628m using a 0.3% Cu cut-off
§ and: 39m @ 0.5% Cu from 722m using a 0.3% Cu cut-off

Then consider that we've had to drill significantly (in terms of meterage) past the planned depth on both of our first 2 drills due to continued mineralisation past planned depth. On top of this CB has been pretty vocal about the strength of mineralisation at depth (backed up imo by the XRF's).

The info is already out there...

...argumentum ad verecundiam certainly seems to be more common place on the bb these days.

Transparent imo and adds nothing to the fantastic progress the company is making.
Stick to the facts people: huge amounts of mineralisation, outperforming expectations on both initial drills, drill 2 still drilling 100m past initial plans, income on the way from other projects etc. - happy to provide links to COMPANY NEWS RELEASE info if anyone is struggling with research.

Important message to anyone who's inexperienced in investing: don't believe ANYTHING you read on here without looking into it yourself, listen (if you choose to) to company news releases and interviews with company representatives, ignore the noise as bb posters agenda's will only become more prevalent off the back of this drilling campaigns success.

CB mentioned previously that if we were drilling into Tue/Wed this week that would have been a fantastic result and considerably bigger than expected... it's now Thursday, we're nearly 100m past the planned drill depth, still in mineralisation and still going.

Just let that sink in for a minute.

Highlights

· Drilling in hole BRDD-21-002 has been extended to the current depth of 846.5m, past the original planned depth of 750m, as the hole has continued to intersect copper mineralisation.

· Mineralisation occurs in the form of disseminated and fracture-fill chalcopyrite throughout the lower marginal alteration zone of the porphyry to the current depth.

· Drilling will continue while the hole remains within the mineralised zone.

Still going....

Several hard rock contractors working various projects across Manica (Fairbride, Guy Fawkes, Boa Esperanza etc.) at circa 20-23% royalty, a few alluvial contractors working away paying us for the privilege on top of that.

Also... "MMP and Xtract have further agreed that, if with increased knowledge of the Manica Concession it is deemed appropriate to undertake a major drilling campaign to identify and delineate a larger mineral resource then currently known in the Permitted Area, the parties will agree to invest on a 50:50 basis to identify a larger potential gold mining resource. The parties will form a new SPV for this activity and it will be separately managed with both parties having an equal interest. A larger mineral resource is defined as all resources in the Permitted Area in excess of those currently known, with a minimum threshold being 2,500,000 ounces."

"Option to purchase the concession
The Company has granted MMP an option to purchase the Fairbride concession, subject to all parties receiving necessary regulatory approvals including, but not limited to, the Company obtaining shareholder approval, for an amount equal to the greater of:
· An amount equal to 80% of the net present value using a discount rate of 15%; or
· US$20 million
This option to purchase has a term of 2 years and is only in respect of the known resources in the Permitted Area. In the event that the parties agree that the operation has extended life potential (beyond 8 years) or alternatively discovers a larger deposit then the parties may agree a buyout by mutual consent on the basis of an amount equal to 80% of the net present value of the larger resource, again using a discount rate of 15%."

- FYI this RNS dated 29th May 2019 - 2 year option... not that I'm by any means relying on it, but just saying...

Ref: https://www.lse.co.uk/rns/XTR/manica-hard-rock-collaboration-agreement-ghoo8qdt7s68ji6.html

I appreciate you have your own view on it, but to act like the above won't significantly add to cash flow and/or couldn't be a company maker in it's own right is barmy imo.

I'll get baking...

O&W - cash flow from the other areas of the business has in some cases taken years to get to the point we’re on the cusp of now.

I’d suggest the speed with which you dismiss them as basically irrelevant demonstrates your lack of understanding of the magnitude of the other projects.

I appreciate you may be here for bushranger, but coming from the view of a LTH here primarily for Manica (originally, not that I’ll turn my nose up at recent events) - you clearly don’t know what you’re talking about and seem to be taking a very bizarre stance on a decent amount of cash coming into the business after years of planning, drilling and building mines.

If you think, in your own words: “Manica and Zambia - are side shows that will bring in diddly squat to the bottom line” then may I suggest you actually read the news flow surrounding these projects, look at the timelines and do some basic sums on income potential.

Highlights

· Drilling in hole BRDD-21-002 has continued to a current depth of 798.5m, beyond the original planned depth of 750m.

· The hole passed through an altered porphyritic intrusive 'core' over approximately a 60m interval and then back into the marginal alteration halo to the current depth.

· Copper mineralisation in the form of disseminated and fracture-fill chalcopyrite has continued through the lower marginal alteration zone of the porphyry to the current depth, with well-developed chalcopyrite occurring over the last few metres.

· Drilling will continue while the hole remains within the mineralised zone.

Colin Bird, Executive Chairman said: "It is very pleasing that the hole continues within typical porphyry-type mineralisation beyond the planned hole depth. We look forward to further results".

Out - getting bigger and bigger...

CB might need to dig out his thesaurus, the market still doesn't understand...

Highlights

· Hole BRDD-21-002, the second hole of the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, is collared over 300m from the previous hole, angled at -80 degrees and is offset from strike with the aim of crossing through the down-plunge extension of the deposit at depth.

· Drilling has continued to a depth of 685m, passing through various rock alteration types as far as the current depth.

· Chalcopyrite copper mineralisation is observed through much of the lower part of the drill interval, accompanied by pyrite and pyrrhotite in the form of disseminations and fracture-fill. The hole is continuing.

Colin Bird, Executive Chairman said: "The hole continues and the mineralisation thickness is to our expectations and beyond. We will extend the hole until we reach rock types which are atypical of porphyries in the area or the mineralisation diminishes completely."

out.

out.

Tickles me that the market isn't sure what to make of it - don't worry, Colin will spell it out for you all next week.
...here comes the aeroplane...

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Great interview again CB, looking forward to the update next week!

That RNS was basically a courtesy announcement saying we’ve drilled through most of the flak on the way to the main target and are finding weak to moderate mineralisation strengthening as we get closer to the bit we’re interested in (which is to be expected).

..and this causes people to panic sell?!

How PI’s don’t understand what’s about to happen here bemuses me, it’s written in the news release!!

Out.

Good read, looks like all is going to plan and we're just approaching the "good bit", i.e main porphyry target zone.

https://xtractresources.com/photo-gallery/

There's a few new photos up for anyone that's interested.