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"Sogold*s initial 1/2 billion tons are 1.5% cu eq. The rest matters not." 22:06 by FTF

Answer:
The actual is 400Mt at 1.49% cu eq and not 1/2 billion tons.C
I am sure the C report was read: " high grade core starts at around 600m...with the huge amount of low grade material needing mining before better grades are reached." For this reason, the whole PFS has to gone to another iteration to bring costs down ie try to find satellite which start higher up ie mineralisation. This is known to everyone at Solgold especially ...

---
Porvenir being of a more surface expression is now undergoing drilling.

All known - missed info?

BUSHRANGER-Racecourse JORC: 0.44 % cu & 0.064% g/t au.

Racecourse, Hole 1- 932m @0.3% cu.
----
Australia*s largest mine, Cadia Ridgeway: 0.25% cu copper [Cadia] & 0.34% cu copper [Ridgeway]

RIO WINU - 0.35% cu copper.

SOLGOLD- Alpala 0.35% cu eq.

Answer:
Solgold*s grade is 0.35% cu eq = MRE.

FROM NEWCREST: CADIA RIDGEWAY, Lachlan Fold, NSW, Australia:

"Cadia is ONE OF THE LARGEST, L O W E ST COST, long life mines in the WORLD to the application of Newcrest*s leading block cave technology, and this investment helps Cadia maintain this industry leading position."

[Ref: Newcrest approves Cadia expansion."-Australian Mining, 9 Oct 2020.
----Answer to costs. Isnt this the upper quartile?----
Look at the Cadia-Ridgeway copper grades and depth vs XTR Racecourse as in the last post.
Racecourse [XTR] is the near neighbour to Cadia Ridgeway.
----
Colin Bird*s Interview with Sharetalk, post XTR RNS today re: Hole 1 Assays.
"Already attracting MAJOR copper co*s interest."
Fri, 19 Mar 2021.

From Andrew4444*s link to "Caravel Minerals AGM 26 Nov 2020."

"Pg 6/17: AUSTRALIA*S LARGEST COPPER DEPOSITS.
CADIA EAST 0.25% CU COPPER. [Newcrest, neighbour to XTR Racecourse ] - mentioned by Andrew4444 in his post.

RIDGEWAY 0.343% CU COPPER [Newcrest, neighbour to XTR Racecourse]. A Porphy.

RIO TINTO WINU - 0.35% CU COPPER. [In the Havieron region, WA] -Said to be a porph?

COWAL - Lachlan Fold, on the same zone as North Parkes, Cadia-Ridgeway & Racecourse [XTR]
- 0.146 cu copper. Porphyry."

CADIA-RIDGEWAY - 1 of the largest mines in Australia - World Class and above is the grades as said on the same zone as XTR Racecourse.

Rec.

Folks- I thought I would take a look.

CADIA-RIDGEWAY
3.5 Bt @0.26% cu copper.
A world class mine - one of the biggest in Australia. Check.

What folks are talking about is NON-LACHLAN FOLD. Few co*s have 1% cu copper these days.

COLIN BIRD INTERVIEW, FRI, 19 MAR 2021
[Re: XTR Racecourse , Hole 1 Assay results].

-Given what Mr Bird said today: "GEO*S - GROWING IMPRESSION - Multiple porphyries.. Look around target. Evident in Geophysics- FOOTROT, good indication. "

CADIA-RIDGEWAY, not 1 but 4-5 systems.

Build towards 2Mt BUYOUT OR OTHERWISE.

ONTO TO A BIG SYSTEM, WORLD CLASS -DISTRICT POTENTIAL."

ALREADY ATTRACTING MAJOR COPPER CO*S INTEREST."
----

So, more to come following on from today*s results from Hole 1 assays and Mr Bird*s comments in his interview with Sharetalk.

That*s all from me. Cant say how pleased I am - XTR*s Bushranger 2020 Presentation did say that Bushranger has clusters similar to Cadia Ridgeway, Newcrest, Lachlan Fold, NSW, Australia and this was posted very EARLY on this forum [prior to drilling etc]. Mr Bird is now giving his geo*s views on the potential of Bushranger as above.

Please check.

News, Fri, 19 Mar 2021.

On Twitter #xtr thread:

"CEO MENTIONED THERE HAS BEEN INTEREST FROM MAJOR COPPER COMPANIES.
-This must be a takeover target for the project or a JV with a major..."
https://twitter.com/AndrewWeston9/status/1372956975215083523 @5:03pm, Fri, 19.3.21
[This is not me].

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The above is in reference to what Colin Bird, Executive Chairman, XTR said in his interview with Sharetalk today, post RNS re: Racecourse Hole 1 assays.

So, for those who have been around the share forums and have seen what happened to Solgold and Greatland re: interest and JV, it appears that this is the perspective after hearing what Mr Bird said. Other CEO*s have said similar comments and they have had interest from majors. However, CAVEAT, no one can GUARANTEE that this is the case as we, shareholders are not privy to conversations etc. This is PERCEPTION from what Mr Bird said and what happened in other co*s that have made similar statements?

One can dream. DYOR.

News, Fri, 19 Mar 2021.

A perspective:
From the CEO*s of Solaries & Hot Chili, they have stated that the 1KM depth in mineralisation is not something that is common. Only a few co*s have achieved it and those that do, they are world class. Any examples: Yes.

SOLGOLD - CASCABEL [ALPALA], ECUADOR
& GREATLAND GOLD -HAVIERON, W.A, AUSTRALIA
[Alpala is a copper-gold porphry & Havieron is more gold. Both are NOT surface deposits.]
----
COLIN BIRD, XTR RACECOURSE
In Dec, 2020, prior to the drilling of Racecourse, Lachlan Fold, NSW, Australia, Mr Bird said "they are going to drill like the GOOD OLE DAYS OF SOLGOLD - to 800m +." Why Solgold? On the London market, Solgold was one of the very few to have gone from minnow to reach $1bn mkt cap just from the Alpala drill which is high tonnage but low grade as is common in porphyries.

HAVIERON
John Cornford, Master Investors asked where have Greatlanders gone? So, he found folks here although there were hardly any initially as no one was interested in Bushrangers re: legacy holders in XTR as they had the other African projects in gold.

Solgold started drilling sometime in 2013 and Greatland in the later part of 2018/9 from recall. In all these years, only now has XTR come along to drill the "1KM" DEPTH HOLES. Similarly, in the Lachlan Fold, after discoveries at Cadia Ridgeway [Newcrest], Cowan, North Parkes - all on the same Lachlan Transverse Zone, there have been NO MAJOR DISCOVERIES until BODA [Alkane].

Hence, why Mining Journal recently wrote on the Discovery that is exciting London investors.

Gervaise Heddle, CEO of Greatland said that the industry TELEPHONED him to congratulate him in the early results [only drilled 9 holes and a JV with Newcrest came along]. As for Solgold, at Hole 14-15, BHP wanted to invest in the Alpala project whilst Newcrest came in earlier. Alpala*s MRE main zone has a grade of around 0.35% cu from recall [not sure it is cu or cu eq].

So, the share price and value will out and in both cases, MAJORS were interested. Today, Mr Bird, said that "RACECOURSE IS ALREADY ATTRACTING MAJOR CO COPPER INTEREST." Very early which is very encouraging and positive as it was for Solgold and Greatland. It did NOT have to take to MRE, PFS, FS etc as INDUSTRY CAN READ RESULTS.

News, Fri, 19.3.21 [Racecourse Hole 1 Assay Results]. Story of Racecourse thus far. DYOR. Pl check.

COLIN BIRD, EXECUTIVE CHAIRMAN, XTR:
"ALREADY ATTRACTING MAJOR COPPER CO INTEREST."
Sharetalk interview, Fri, 19 Mar 2021, post RNS today re: Racecourse Hole 1 assay results.
Kindly check. From what Mr Bird said, does it not mean that it is not just AA? Also, check if it is plural as I have something to attend to.

Edison Report was dated 8 Dec 2020 and showed the latest BODA results.
There is another set of results in early 2021 but Edison*s report may not be out yet.

BODA is one of the best results to come out of Lachlan Fold, NSW, Australia.

XTR RACECOURSE SCOPING STUDY:
0.2 % cu CUT-OFF-ECONOMIC if copper is US$7,500
0.15% cu CUT-OFF ECONOMIC if copper is US$10,000
COPPER IS NOW US$9,000/t +
-----

"BODA bodes well"-Edison Broker Report
https://www.edisongroup.com/publication/boda-bodes-well-28425/

"BODA DRILLING RESULTS, 9 NOV 2020.
KSDD 010 869m @0.17 g/t gold & 0.08 % cu copper.
11 - 1305.8 @ 0.13 g/t gold & 0.09% cu
12 -1159 @0.18 g/t gold & 0.12 % cu
13- 834m @0.24g/t gold & 0.12% cu
22- 394 @0.53 g/t gold & 0.02 % cu
--
KSRC 31 - 239m @ 0.06g/t gold and 0.09% cu
32 -503m @0.10g/t & 0.11% cu.
34 -201m @0.2 g/t au & 0.14% cu
36- 291m @0.10g/t gold & 0.11% cu
37- 385m @0.1g/t gold & 0.11% cu
38 -404m @0.35g/t & 0.07% cu"

That is the latest from Edison on the BODA 11 holes results.
So, XTR*s RNS did state it correctly - note that some holes are missing from BODA

"Note Colin*s comments about holes EAST AND WEST expanding mineralisation/ HITTING NEW PORPHYRIES. Also, Hole 6 IN MINERALISATION from 45m."

From Edwards on Twitter #xtr re: Colin Bird*s interview with Sharetalk today, Fri, 19 Mar 2021.

I missed the verbatim on it although I heard about east and west etc.

https://twitter.com/edward_7963

HL - no MAC1 [Marwyn Acquistion 1] available yet.
Fri, 19 Mar 2021.

Colin Bird Interview with Sharetalk, Fri, 19 Mar 2021.
The above is a verbatim quote [please check] from Mr Bird, Executive Chairman, XTR post RNS today.

"Colin Bird: GEO*S - growing impression - MULTIPLE PORPHYRIES.
Cadia-Ridgeway, not 1 but 4-5 systems.
XTR RACECOURSE-DISTRICT POTENTIAL- evident in geophysics-look around-FOOTROT."

Kindly listen and check.
Fri, 19.3.21

Pt 2:
"Pleased. CONTINUOUS mineralisation [in my career].
Good hole, very long.
1100m- 186m @0.4% copper
? [couldnt hear] @0.52% copper
44m @0.55% copper.

Copper dominant. Good jurisdiction-Australia.
Absolutely delighted.
Our system COPPER. Silver/gold credits. Moly.

ZONE 2- ACROSS THE PORPHYRY

BODA-BIG CAP
0.17 850m

0.3, 0.4 with addition with gold. Our system -copper dominant. Pointtoward LARGE COPPER POTENTIAL-WORLD CLASS- HIGH GRADE INTERCEPTS AS WELL.

Hole 6-45m.
Typical porphyry system.
GEO*S-GROWING IMPRESSION-MULTIPLE PORPHYRIES.

Hole 2-Excitement, what copper grade-intercept.

ONTO TO A BIG SYSTEM-WORLD CLASS."
From the first part of the Colin Bird, Executive Chairman*s interview with Sharetalk, Fri, 19 Mar 2021.

New Interview, post RNS, Fri, 19 Mar 2021
Racecourse:

"Build towards 2Mt buyout or otherwise, project this size.
ALREADY ATTRACTING MAJOR COPPER INTEREST.

CADIA-RIDGEWAY, not 1 but 4-5 systems.
Racecourse ...DISTRICT POTENTIAL-multiple porphyries-evident in geophysics -FOOTROT [good indication]. Look around.

Copper dominant-point toward LARGE COPPER POTENTIAL -WORLD CLASS."

I have more notes but will post later.

News,
Fri, 19 Mar 2021
As I said, right from the beginning when no one was here for Bushrangers, there is district scale potential from the technical data per XTR*s Presentation 2020.

N/T now to buy even 5,000 XTR shares. @10:25am, Fri, 19 Mar 2021.

N/T now for normal mkt size.

SUPER-PIT?
There is NO super-pit in the Lachlan Fold, NSW, Australia?

UNDERGROUND?
There is no underground in the Lachlan Fold, NSW, Australia?
There is ONLY BLOCK-CAVE and sub-block-cave which is considered economical -Cadia Ridgeway, next door to XTR*s Racecourse is on block-cave and profitable?