Member Info for JDAU

...looks like you’re getting what you wanted...

Point taken Andrew, however it’s not just that the grades ‘suddenly got worse’ when XTR analysed them... the change is due to assuming a larger tonnage would be processed including some of the lower grade areas -decreasing the average grade/T.

Let’s take dots luck as an example, the Auroch figures I posted suggest an indicated resource of 425kT @ 1.87g/T
The presentation from XTR suggests an indicated resource of 1,139kT @ 1.12g/T

Worth noting that whilst I’m not disputing the accuracy of XTR’s figures, I’m also not disputing the accuracy of Aurochs... all I’m suggesting is that there is the potential to proceed in processing smaller tonnages of higher grade areas only for quick wins, the alternative of course being lower grade but longer mine life.

Catch my drift?

FYI if you wanted a general feel for average grade / T for the targets we’re discussing then you could, for instance look at this sort of info (although NB this is from 2013/14)

Indicated:
Guy Fawkes @ cut off of 1.25g/T Au : 420k T @ 1.92g/T
Dot’s luck @ cut off of 0.5g/T Au : 425k T @ 1.87g/T
Inferred:
GF 380K T @ 3.90g/T
DL 455k T @ 2.06g/T

https://www.asx.com.au/asxpdf/20140314/pdf/42ncv68wpyxds8.pdf

Again, plenty more information out there but these sorts of figures are useful if you want a steer...

If you have the time, i’d strongly suggest wading through all related news releases - even from as far back as the PANAF days, but at least Aurochs - as they contain a hell of a lot of information including drill results and metallurgical studies, I’ve ploughed through all of them over the past couple of years, I don’t remember all the info off the top of my head but more often than not I can quickly find where certain bits of info are because I’ve noted a fair bit down.

Again, if I can help anyone find information they’re after, just shout!

Thought i’d dig out some of my old research (again) since we’re discussing the non FB assets...

(Apologies, I can’t copy and paste from this PDF so I’ve had to retype...check the link to compare but I’m pretty sure I haven’t made any typos... the links also pretty interesting just in general if you want to look at mineralisation depths / further information etc)

“Highlights

Excellent gold intercepts at Dot’s Luck include:
- 11m at 6.53g/T Au including 6m at 10.41g/T (DLD18)
-13m at 3.88g/T Au including 2m at 14.26g/T (DLD19)

Excellent gold intercepts at Guy Fawkes include:
-2m at 11.15g/T Au including 1m at 21.96g/T (GFR03)
-3m at 2.35g/T (GFR04)”

Reference: https://www.asx.com.au/asxpdf/20131127/pdf/42l5b7g6bfykxh.pdf

Note that these are only a small amount of drill results from a small amount of our (non Fairbride) hard rock targets, there’s much more information out there obtained by previous companies drilling campaigns, especially on the other resources (targets) on 3990C - I’ve posted a lot of it before but if I can point anyone in the right direction for any info or provide links just shout and I’ll help where I can!

I pulled this together off the back of the info provided in the latest V O X podcast, it may help...

**************************************/articles/audioboom-xtract-resources-vast-resources-03282de @ 18.40 - 19.45 mins:

Colin Bird discussing project metrics currently in public domain, Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=eclc3ey6&ArticleHeadline=Manica_hard_rock_collaboration_agreement:

Tonnage 29k-40k T/pcm
Recovery @ 85-90%
Grade - 2.63g Au/T --> 2.2g Au/T (assuming 85-90% recovery)
"Direct operating costs not much more $500/oz"

2.2 g/T x 29k T/pcm = 63,800g/Au (/31.1) = 2,051.45 Oz/pcm (2dp)
2.2g/T x 40k T/pcm = 88,000g/Au (/31.1) = 2,829.58 Oz/pcm (2dp)

Current PoG is what, $1,432/oz which puts us well above the 23% threshold (>$1,250/oz) as per my previous post.

That's my fag packet calcs on potential monthly production figures based on what was discussed on the podcast/contained in the RNS... that's a pretty substantial amount of income to XTR on a monthly basis, especially considering our current Mcap.

“The Accounts include the notice of annual general meeting ("AGM"). The AGM will be held at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG on Friday 21 June 2019 at 3:00 p.m.”

Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=ez7jte3c&ArticleHeadline=Final_Results

I can confirm that the 250,000 @ 0.973 is a buy.

No problem Andrew, yeah - I thought it best to clarify as when I write, I often assume people will know the whole situation, however when I re-read my post, I realised what I wrote at the end of it could easily have been misinterpreted as me saying XTR has 444oz unsold that we would get 100% of the cash from:

"That’s 444 oz, that we haven’t sold yet" ** importantly, "we" in that statement being XTR & Nexus, not solely XTR, hence my follow up post for clarity.

...But yes Andrew, we could probably be more accurate with the attributable revenue but considering neither of us know the actual current price we'll be getting (based on a currently inflated PoG) perhaps we can agree that that unsold gold is worth somewhere in the region of $265k-$297k ((222oz x $1200=$266.4k) - (222oz x $1335=$296.37k)).

A significant amount of money, regardless...

FYI for anyone who's reading this but doesn't know the whole story, worth noting that the 444oz I'm quoting in my below post is subject to this agreement: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=0ohztuh2&ArticleHeadline=Alluvial_Collaboration_Agreement_terms_amended

In short, 50% is ours, so 222oz which equates to just shy of $300,000 at todays PoG.

Yeah, I'm keeping well thanks!

Re Zambia cash requirements- worth noting we have several hundred ounces of unsold gold from our alluvial operation, considering the touted low exploration costs of these new projects I'd suggest we're in a good position to be able to fund them from cash flow:

Q4 2017 gold produced: 319 oz
Q4 2017 gold sold: 210 oz
(Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=5iior9rd&ArticleHeadline=Manica_Concession_Alluvial_Gold_Quarterly_Update )
Q1 2018 gold produced: 297 oz
Q1 2018 gold sold: 314 oz
Q2 2018 gold produced: 426 oz
Q2 2018 gold sold: 283 oz
Q3 2018 gold produced: 453 oz
Q3 2018 gold sold: 251 oz
(Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=cvxaj1qr&ArticleHeadline=Manica_Concession_Alluvial_Gold_Quarterly_Update )

Gold produced in all Q’s above:
319 + 297 + 426 + 453 = 1495 oz
Gold sold in all Q’s above:
210 + 314 + 283 + 252 = 1059 oz

1495 - 1059 = 436oz not sold

Add in the more recent quarterlies (Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=j978erar&ArticleHeadline=Company__Manica_Alluvial_Gold_Update )

Q4 2018
Gold produced: 332oz
Gold sold: 307oz
= 25oz produced but not sold

Q1 2019
Gold produced: 323oz
Gold sold: 340oz
= 17oz sold on top of what was produced

436 oz + 25 oz - 17 oz = 444oz unsold to date from the above noted alluvial production.

That’s 444 oz, that we haven’t sold yet (but we have paid for in terms of costs of production etc) whilst the gold price has been steadily increasing (currently at $1335/oz).

Have you done the sums on the info from the latest V O X podcast...?

**************************************/articles/audioboom-xtract-resources-vast-resources-03282de @ 18.40 - 19.45 mins:

Colin Bird discussing project metrics currently in public domain, Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=eclc3ey6&ArticleHeadline=Manica_hard_rock_collaboration_agreement:

Tonnage 29k-40k T/pcm
Recovery @ 85-90%
Grade - 2.63g Au/T --> 2.2g Au/T (assuming 85-90% recovery)
"Direct operating costs not much more $500/oz"

2.2 g/T x 29k T/pcm = 63,800g/Au (/31.1) = 2,051.45 Oz/pcm (2dp)
2.2g/T x 40k T/pcm = 88,000g/Au (/31.1) = 2,829.58 Oz/pcm (2dp)

Current PoG is what, $1,336/oz which puts us well above the 23% threshold (>$1,250/oz) as per my previous post.

That's my fag packet calcs on potential monthly production figures based on what was discussed on the podcast/contained in the RNS... that's a pretty substantial amount of income to XTR on a monthly basis, especially considering our current Mcap.

Morning CE, certainly interesting times for us! Hope you've been keeping well?

Re the latest RNS:
"- MMP to finance and conduct the mining operations to include all capital and operating costs
- Xtract will receive between 20% and 23% (dependent on prevailing gold price) of the hard rock after tax operating cash flow"

Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=eclc3ey6&ArticleHeadline=Manica_hard_rock_collaboration_agreement

These kind of royalty/profit share deals sit really well with me as it puts the risk/onus on other companies to 'make it work' while we get to 'sit back' and reap the rewards. I'm comfortable knowing that we have no financial risk yet a potential revenue stream of 20-23% of the profits... and in my view, we actually don't have to rely on our BoD to do a whole lot to drive this forward as their m.o. was making the deal, now that's been done that it will essentially become MMP's goal to make project work as it's their money on the table, I'd have thought that would be motivation enough..

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=y60zw3xd&ArticleHeadline=Zambia_Copper_Exploration_Update

Good update on one of our newly acquired projects.

Who do you think ‘buys’ the shares when PI’s sell?

They may drop momentarily to pick up some cheap shares from weak holders but i’d bet they wouldn’t be selling any if the SP drops... why would the mm’s devalue their own shares they’ve been picking up around this level, selling at a loss prior to a likely run of good news?

C’mon, use your noggins...

Thanks for posting a link to this Andrew, much appreciated.

Why don’t you try reading these: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&share=xtract
They’re pretty informative when one is looking for information on our company and it’s projects.

Ps. Things go on “behind the backs” of investors in every single publicly traded company, if you haven’t come across the term “insider trading” before, perhaps you should look into before writing such emotively charged, idiotic posts.

“Combined attributable contractor income for the Period amounted to US$801,000”
“Xtract's net share of the combined attributable contractor income is US$320,000 (equivalent to 40% of total attributable contractor income, the balance of 60% attributable to Nexus under the Collaboration Agreement as announced previously on 20 June 2017)”

Ref: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=kt8spa0p&ArticleHeadline=Manica_Concession_Alluvial_Gold_Update

$801,000 x 0.4 = $320,400

Does anyone know if any media relevant to XTR was ever posted from the UKIS?
Any links/information would be greatly appreciated.

Apologies, Bed & ISA.