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Listening to it again:
Charlie Stephenson, Mining Analayst/Geo, SI Capital said:

"Unique, New Evolving Model."
"Halo - low grade and surrounding it is a 2nd SYSTEM in parallel.
SIGN PICKED UP, NOTICED BY MAJORS, MAJOR INVESTORS-shows some of those signs.

"50 more holes, 600 METRES, Extension drilling to come."
"ANOTHER TARGET, ARYA-EXTENSIVE - DEPTH at Fold. Exciting.

"SUPERGENE ORE BODY- high enrichment- BIG ONE seen- Unique HIGH GRADE."

Do check but that is what I heard. Correct if not correct as hard to heard and take verbatim notes.

Charlie Stephenson tweeted earlier today:
"Fantastic grades out CCZ with significant , notable intercepts of 40m @1.65% copper. Looking at the maps we can see 1 . 2 K M OF STRIKE could be e x t e n d e d SIGNIFICANTLY and OTHER PARALLEL DYKES also being d i s c o v e r e d , we are starting to see S C A L E develop."
https://twitter.com/GeologyCharlie/status/1348543585772306433 Mon, 11 Jan 2020
Charlie Stephenson, Mining Analayst, SI Capital & Geologist.

===
Interview with Charlie Stephenson with Proactive Investors:
"Castillo Copper unveil fantastic copper discovery results from the Big One. Interview with SI Capital Mining Analyst."
https://twitter.com/sicapital/status/134868365080824192 4 hrs ago 5.35pm, Mon 11 Jan 2020

My Comment:
I listened to it quickly as I was in-between tasks. Of interest is the explanation of these fantastic grades to do with the supergene enrichment. A diagram is shown and Geology Charlie said there is still another 600m TO GO. Also, if I heard correctly, he said that copper projects tend to get taken up or such similar idea. So kindly listen and check. I will try to listen to it again.

News, Mon 11 Jan 2020.

bitcoinbuyer
In answer to your question to me:
- I will n o t be able to agree on your major*s expectation of grades of 2.5g/t gold @3m or 3% copper. Reason being that Anglo American*s agreement with Xtr-Prospect is NOT for these grades. Refer to Xtract Bushranger Apr 2020 Presentation as it spells out what their agreement is for exactly. I have posted this before.

- I am relying on XTR*s Apr 2020 Presentation [only data available on Bushranger]. It does not appear to have any PR material but raw data including the important TECHNICAL DATA.

- I am also relying on BODA which Colin Bird mentioned in his last interview a few days ago wherein he said "...then there is BODA" and our porphyry is "AS GOOD" if"NOT BETTER." I have quoted their grades at BODA via their RNS of 18 Dec 2020 vs XTR*s Bushranger Hole 1 initial result. Colin Bird, Executive Chairman of XTR himself [HORSE*S MOUTH] makes this DIRECT REF.

-The LOWEST I have seen for BODA is 0. 1 7 % cu and 0. 2 2 % cu.

-As far as I am aware of porphyries, the grades for 1 core is NEVER just 1 grade but a gradation and this is seen in ALL RNS*s for co*s.

- Given BODA is mentioned by Kincora Copper as one of the best discoveries in the Lachlan Fold, NSW, Australia in the LAST 20 years, I am going with this benchmark which Colin Bird is going with as above. Given the CEO believes or thinks they might have a Tier 1 via Alkane*s RNS/ANN of 9 Nov 2020, it appears insightful. Also EDISON is covering the co via the various broker reports and therefore they are more detailed as to what is Lachlan Fold requirements etc.

-Alkane*s presentations are useful as I have not got the time to go through RNS/ANN as they go too far back. In presentations, the updates are far easier to grasp as they are updated.

-Edison is looking at BODA 1,100m @ 0. 3 5 % cu EQUIVALENT at the last reporting for the ENTIRE PROJECT so that is useful to know.

-I am not privy relating to what XTR is discussing with Anglo American as I am sure they are cognisant of the Bushranger drill/result.

-As to teens in terms of share price, it is far too early at this stage. It is generally known what the market cap should be if drilling continues to find mineralisation at deeper depths.

-XTR will publish the cut-off etc. Lastly, for those who are geo*s [economic geo*s], they will INPUT the grades as they come up into a software model and that will give an idea of what its all adding up to.

-From the XTR said presentation, the KEY CHART illustrates that NOT all the areas are of higher grades etc hence why there will be different grades.

-Lastly, I will be on Twitter waiting for the result/s and Colin Bird*s interview which follows thereafter.

From the examples I have been following of Tier 1*s, this is the typical. All TECHNICAL data is in the co*s presentations and I follow those. It is not put into RNS*s.

With that, have a good weekend.

News
Sat, 9 Jan 2020
Sorry for typo*s as I

bitcoinbuyer

As a courtesy reply to your question to me, I noticed that you are expecting next results from Hole 1 Bushrangers in the teens. Given, I have not seen your name very much earlier, I was just summing up Alkane*s latest results of 18 Dec 2020 relating to BODA.

Others have read my data on BODA which is more comprehensive given I have taken it from their presentation which means that I have taken in the MINIMUM and MAXIMUM grades and at the end of the day equates to 0.35% cu copper EQUIVALENT [copper + gold].

I am not sure what you mean by teens as gold is usually not in teens [re:grades].

Alkane has a mkt cap of OVER A$500 million of which BODA contributes a large part. Per Colin Bird, he quoted A$400m for BODA which is about right JUST for the BODA element. XTR was around £9m which includes its other projects.

My expectations? I have NONE because in porphyries such as BODA or Bushranger or Cadia-Ridgeway, they all have shallow parts and deeper parts. A/c to Kincora Copper [Technical Director discovered Cadia], they showed that the deposit have a "PENCIL" signature. XTR*s said Apr 2020 presentation also shows Cadia has pencil deposits. Certainly, the grades range.

For as long as the mineralisation continues, it will all ADD up - ALL deposits are like that and that is why AVERAGE grade is taken into account. Boda*s average is 0.35% cu equivalent [copper + gold] whilst Bushranger*s Racecourse JORC is from recall 0.44% cu equiv [kindly check].
Whilst BODA *s av is 0.35% cu eq, some are 0.17% cu copper and 0.22% cu copper.

So, I do not expect anything other than what is LACHLAN FOLD, NSW, AUSTRALIA grades as what Colin Bird himself said in his latest interview with Share-Talk.

Just making sure that people are not expecting grades from other parts of the world and not from Lachlan Fold, NSW, Australia.

Colin Bid, Executive Chairman Interview with Share-Talk, Thur, 7 Jan 2020
Quote:
"The nearest is...then there is BODA, OUR porphyry is AS GOOD IF NOT BETTER THAN THEIRS."

My Comment:
In terms of XTR BUSHRANGER, the INITIAL HOLE 1 results are 0.3% CU COPPER with 2m at 0.6% cu. [Last RNS a few days ago].

I quoted Alkane*s BODA drilling results a few days ago in my last post on 6 Jan 2020:
"KSD 28 832 metres@ 0.38 g/t au GOLD & 0.17% cu COPPER FROM 256 metres.
"KSD 33 366.8metres 0.27g/t au GOLD & 0.11 % cu COPPER from 0 metres." BODA, 18.12.20
https://www.lse.co.uk/profiles/news/

One will see that what Colin Bird said is by OBJECTIVE TESTING and not subjective testing.
With one*s eye*s one can see that the COPPER GRADE IS BETTER THAN Alkane*s BODA in the same Lachlan Fold Belt, NSW, Australia. The GOLD grade has to be by regulations sent to the lab for assays and is awaiting. We also AWAIT the next lot of DRILLING results for the up to 200m+ at Hole 1, Bushrangers.

FOR THE AVOIDANCE OF DOUBT, I quoted XTR*S BUSHRANGER PRESENTATION APR 2020 in which XTR quoted that Bushranger via IP, Magnetics etc is SIMILAR to CADIA RIDGEWAY. Kindly check. Just type Xtract Resources Bushrangers and click at the bottom for the presentation.

Colin Bird has all the drilling reports for BODA as well as for Bushranger and therefore, he will be more cognisant of what they have and what XTR has at Bushranger. I DO NOT have the Bushranger original drilling report [JORC] and therefore my source of info is from both Alkane and XTR*s said presentation.

Alkane*s BODA last drill report was on 9 Nov 2020 in which the CEO thinks they have a TIER-1. This was followed up by the latest drill report of 18 Dec 2020 [ 2 holes as above].

I wont go over old ground again but I would like to manage expectations when the results come out. Alkane - Edison report states BODA has an average of 0.35% cu EQUIVALENT. So, from the BODA 18.12.20 results as above, their official RNS/ANN deems it "HIGH GRADE ZONE." That is the typical grades there. Colin Bird has said that BUSHRANGER*S STRIKE IS 1,000 METRES X 250 M. From Edison*s latest report on Alkane*s BODA, they said the co had reach 1,100m strike but did not mention the width. I have had no time to check.

News, Fri, 8 Jan 2020
If folks expect some high figures like in other deposits like Kamoa-Kakula in the DRC etc, then they might be getting the wrong data. From the horse*s mouth, COLIN BIRD of XTR said did the comparision of BUSHRANGER VS BODA - KINDLY BEAR THIS IN MIND and it is not from me. I am careful to quote from the data and do not provide interpretations etc.

NEW INTERVIEW: COLIN BIRD
RNS, Thur 7 Jan 2020
BUSHRANGER, NSW, AUSTRALIA UPDATE

"Nearest...then there is BODA, OUR PORPHYRY IS AS GOOD IF NOT BETTER THAN THEIRS.
Mkt Cap A$400million. [This is in ref to BODA/Alkane. Alkane*s mkt cap was A$500m+ when I last checked so A$400m may refer to just the component for BODA discovery, NSW - same place as Bushranger.]
Tremendous potential. [Ref: Bushranger]
Potential Buyer Anglo American. ["]
Bushranger - SAVED OUR LIVES.
VERY EXCITED ABOUT BUSHRANGER."

Link is within this thread from Share-Talk.

My Comment:
Drilling continues at Bushranger. As I showed from references BODA was the benchmark to watch that belongs to Alkane of Australia.

Xtract in their Apr 2020 Presentation mentioned Alkane*s BODA discovery in the same Lachlan Fold, NSW, Australia. Kincora Copper also mentioned BODA as the largest discovery for some time in this area.

<>BODA-"High grade zone shown by revised drill orientation." -18 Dec 2020 RNS<>
"KSD 28 - 832 METERS @ 0.38 g/t gold , 0.17% cu copper FROM 256 meters.

KSD 33- 366.8 METERS @ 0.27 g/t gold , 0.11% cu copper from 0."
https://hotcopper.com.au/asx/alk

[Industry news]

My Comment:
Edison Research latest report stated 0.35% cu equiv. From the latest Alkane results which they consider "high grade" is as above. So, when Bushranger results come out for the next Hole 1, the grades are not as high as in other Australian regions. So, typically, these are the types of grades in this part. Although it would be more ideal to see the CADIA-RIDGEWAY [Newcrest] results, it is hard to locate the entire drilling report given that was a long time ago. However, BODA is now currently drilled and the CEO said in the 9 Nov 2020 release, he thinks they have a Tier 1. From my last check of Edison*s report on Alkane, BODA is 1,100m strike - XTR*s Racecourse strike is also 1,000m [C. Bird said 1,000m x 250m]

Kindly check. DYOR.
News, Wed 6 Jan 2020.

Part 2:
Kincora Copper Presentation Dec 2020 link
https://www.kincoracopper.com/media/downloads/presentations/corporate-presentation-12-21-2020.pdf

My Comment:
I note what MoneyMunch said. I had to repeat what XTR said as the discussion was about the 2MT AA requirement but that was not what XTR said in their Apr 2020 presentation. Hence, I posted the actual DATA to show that the AA agreement was only about Racecourse and not the whole Bushranger licence.

However, on Twitter, under XTR, I note that one tweeter has TWIGGED what I was talking about and the data which I quoted from the XTR Apr presentation VERBATIM. Kindly look at Twitter.

In this new post, I quote Kincora Copper to show:
-XTR is the only UK quoted co exploring in the Lachlan Fold.

-Cadia Ridgeway {Newcrest] is the biggest discovery, hence 1 of the 3 making up the 100Moz gold in this part of Australia. This is to show a link of what I quoted about Cadia-Ridgeway having 50moz gold etc.

-Cowal is also quoted as another one of the 3 - XTR said that in the zone, there is North Parkes, Cadia Ridgeway, Cowal and then BUSHRANGERS [XTR], hence why XTR is well placed and XTR said that in this zone, the discoveries are in CLUSTERS [Bushranger has clusters].

BODA
-Edison*s report on Alkane*s BODA said that the average grade is 0.35% Cu copper but one will see that the discovery hole may be higher but when more holes are drilled, some are LOWER, hence why it goes to 0.35% cu.

Of note is also the description of typical geology ie PENCIL.

Kincora info is of interest as the Technical Director is the DISCOVERER of Cadia. I am therefore posting so that we know more about the geology given this man is the expert.

Others can fill in on the details as I note some are seasoned commodity investors.

From Havieron, I note that often many do not understand results, hence this post is to show that XTR*s STRIKE LENGTH of 10km is significant compared to the others eg Cadia etc. When the Havieron results came out, many said it was not good but evidence shows that it had made the mark in geological history for its DISCOVERY HOLE 1 as per Kincora*s chart. Alkane*s mkt cap is the highest shown by Kincora at more than A$500m even though it has not finished drilling - illustrates VALUE curve - exploration results produces a good rating.

Sorry not editing as hurrying for bed-time.

News, Sun 3 Jan 2020

Kincora Copper mentions XTR in a chart:
"Lachlan Fold Belt players & junior explorers." Pg 18 of the presentation, Dec 2020
Shows XTR is the LOWEST for mkt cap and only AIM co in the group.

Pg 7: "Since BODA we have been surrounded by other people pegging. John Holiday, Kincora Technical Director & PRINCIPAL D I S C O V E R E R FOR C A D I A."

Pg 8: ">100 MOZ gold & 24 Mt copper {R.Schodde 2020." [Lachlan Fold]
-"Cadia >50MOZ gold & 9.5Mt copper.
-North Parkes 5.5Moz gold & 4.5Mt copper
-Cowal epithermal gold >12Moz gold."
"Average RE-RATING OF ASX CO*S 5 X and $110m of new equity raised since the discovery of BODA & 3 IPO*s."

==
Pg 10: "Macquarie Arc finger or PENCIL PORPHYRY targets."
"Cadia-Ridgeway high grade finger porphyry deposit sits within 3 KM X 6 KM ZONE of F O U R larger tonnage, L O W E R GRADE porphry & TWO SKAN DEPOSITS at Cadia."

"BODA finger porphyry discovery surround by 10 drill t a r g e t s held by juniors within 20km radius."

"Northparkes hosts 5 high-grade finger porphyry deposits 2km x 5km zone."

"Cowal-cluster of 5 low to intermediate...within 6km x 2km zone to the north of a seperate porphyry copper complex."

SEE THE DIAGRAM RE: " Macquarie Arc P E N C I L porphyry based on Northparkes & RIDGEWAY DEPOSITS." Pg 10 {left side}

Pg 12: "BODA by Alkane Resources is the best greenfield porphyry in the Macquarie Arc in the last 20 yrs. BODA DISCOVERY 502m @0.48g/t au & 0.2% cu {3}, BODA 689m@ 0.46g/t & 0.19% cu [5] & 1167 @0.55g/t au & 0.25% cu copper."

"COPPER DISCOVERY BENCHMARKS
No 1: GT Gold, Saddle North
No 2: Chalice Julimar
No3: Greatland Gold HAVIERON, HAD 001
No 4: Solgold CASCABEL, CSD 13-001
No 5: Alkane BODA, KSD0003"

Pg 20: "Good new exploration results in Australia are being well rewarded:
No 1 Greatland Gold HAD 42 ie Hole 42
No 6 BODA KSD 0003."

Any potential Tier 1 would have a VALUE curve [LASSONDE VALUE CURVE] and hence why Alkane has a mkt cap of over A$500m based largely on the BODA discovery in Lachlan Fold, New South Wales, Australia where XTR*s Bushranger is situated.

Similar to Alpala - long before MRE, the mkt cap had already reached some £600m.
Same with Havieron as the MRE has just come out but way before then, it had hit similar capitalisation to Alpala type valuation although it is not 100% owned. Same for BODA as there is quite a long way to go as they are still drilling and the strike drilled is only 1,100m thus far.

In answer to comment about Bushranger.

Hence, why the opening drills are of interest as it goes deeper - Colin Bird himself said in his interviews, like the days of good ole Solgold ie drilling deeper to 800m/1,000m.

@Stocky1 Rec.
Nice comparitive of Bushranger & Fairbride [XTR*s other project not in Australia]. As I have said, I am here for Bushrangers given that I view in my own opinion as a free ride.

Colin Bird, Executive Chairman has been interviewed a few days ago after Hole 1, Bushranger and he said " MASSIVE SYSTEM" which re-iterates what is in the XTR Apr 2020 Presentation. Further he said he was delighted from recall and also that other geo*s would think its "quite impressive." Who are the other geo*s? For sure, AA will be watching and reading the RNS as norm for an interested party.

However, I would like to summarise my 2 long posts of today which I always BACK UP with data and it would appear that XTR thinks the potential of BUSHRANGER [not Racecourse alone which has a buy-back option for AA] to be SIMILAR to Cadia-Ridgeway [CLUSTERS]. Kindly check.

In short, a potential SISTER TO NEWCREST*S CADIA-RIDGEWAY?

Example, Havieron is a sister to Newcrest*s world class Telfer mine being ALSO East of Telfer. Funnily, Bushranger is also East of Newcrest*s Cadia-Ridgeway [50moz gold]. Telfer is only 32 Moz gold.

So, there is a distinct difference between RACECOURSE [one prospect at Bushrangers] and BUSHRANGERS [cluster]. AA*s agreement is only for Racecourse which is to prove 440Mt for the buy-in option to kick in. If Prospect One wishes to develop a mine BELOW 440Mt, then AA also has the option as posted.

Cadia-Ridgeway is a world class deposit which far surpasses Alpala, Telfer etc.

Hence, have to wait to get further elucidation from Colin Bird as to "MASSIVE SYSTEM" which confirms the XTR Bushranger Apr 2020 Presentation that IP, Magnetics & Geochem indicates Bushranger [10km strike] has the potential to be akin to Cadia-Ridgeway as it has "similar" clusters. Kindly check.

Racecourse is only PART of Bushrangers. See the presentation to see the whole map for Bushranger.

With thanks. DYOR, IMHO
News, Thur 31 Dec 2020.

Part 2
From the XTR Presentation of Apr 2020 which is in this thread, one will see the MAP of the Lachlan Fold Belt, New South Wales, Australia.

As mentioned the LFB ie marked LACHLAN FOLD TRANSFER ZONE only has North Parkes at the top, then Cadia Ridgeway and then BUSHRANGERS [Xtract Resources]. Cowal is mentioned in my last post below but it is not shown on the map.

As XTR stated in their presentation, "Globally, porphyry-related copper-gold deposits commonly occur in CLUSTERS and this is TRUE FOR THE LFB [Cadia-Ridgeway, North Parkes & Lake Cowal." Pg 6.

My Comment:
So, unless, Bushrangers is the exception to the LBF, it would be norm for the geology to follow given that IP, Magnetics, Geochem etc has been done and there are intrusions and anomalies as mentioned in the said presentation of which I quoted in my earlier post today.

Alkane did not say they have clusters similar to Cadia-Ridgeway but that their prospect has similarities to Cadia-Ridgeway [Ref: BODA]. BODA is North of Cadia Ridgeway and is NOT in this Lachlan Fold Transfer Zone and even then the CEO thinks they may have a Tier 1 prospect per their ANN of 9 Nov 2020 at an average grade of 0.35% cu copper [some are 0.17-0.22]
https://hotcopper.com.au/asx/alk/
BODA is mentioned by Xtract in their Apr 2020 presentation.

CADIA-RIDGEWAY
is marked in the said presentation and in other places, it is marked 50moz gold which is DOUBLE of Alpala*s Tier 1 of 23 Moz gold alone.

XTR stated in their said presentation that they have the potential for a CLUSTER SIMILAR TO CADIA-RIDGEWAY [Newcrest] from IP, Magnetics & Geochem.

When Alpala was first waiting for environmental permits, the mkt cap was £8m with nothing but the licence participation with max of 85%. Similarly, perspective wise, many AIM co*s exploring in the Paterson, Australia have mkt caps of £20m + without any drilling or JORC.

Therefore, the BUSHRANGER PROJECT is not included in the modest £9m mkt cap. Align Research cites 6.56p target price at www.alignresearch.co.uk/cpt-company/xtract-resoucres/

"Blue-sky projects like Bushranger in the hot Lachland Fold Belt. ASX explorers with interests here have recently seen big re-RATINGS. XTR has acquired an OPEN-ENDED JORC resource of 350k of contained copper in quite a COUP." - Align Research

End of the day, it will be done to the prospect itself and all the TECHNICAL data which has identified similar other deposits like Havieron? Havieron was also in the structural corridor to Rio*s WINU at Paterson, W.Australia. Hence, not surprising Align thinks its a coup for XTR to acquire Bushranger which is in the Lachlan Transfer Zone which hosts North Parkes, Cadia-Ridgeway & Lake Cowal. There are only a few in this particular zone as is the said structural zone in W.A.

I note comment about Colin Bird*s other co - That was in Africa. That was not a porphyry.
If one researched very deeply, the geology is one of VEINS and that is difficult given

XTR BUSHRANGERS, AUSTRALIA
"Pg 6:Globally, porphyry-related copper-gold deposits commonly occur in C L U S T E R S and this is true for the LFB {CADIA-RIDGEWAY, North Parkes & Lake Cowal}. "

"Previous exploration has i d e n t i f i e d S E V E R A L porphyry I N T R U S I O N S, some already k n o w n to be associated with copper gold m i n e r a l i s a t i o n, as WELL as MULTIPLE GEOCHEM & IP GEOPHYSICAL A N O M A L I E S over a S T R I K E length of 10 K M."

"The most advanced prospect is Racecourse where a s i g n i f i c a n t JORC [2012] compliant resource has been estimated at 71MT @0.44%cu copper and 0.064g/t au gold at a c u t -off of 0.3% cu."

"Pg 3: MULTIPLE IP, MAGNETIC & GEOCHEM features indicate the potential for the project to H O S T a C L U S T E R of copper gold porphyry DEPOSITS, S I M I L A R TO C A D I A - R I D G E W A Y."

"Pg: Prospect One owns 100% interest in the Project T E N E M E N T S."

"PURCHASE AGREEMENT" - Pg 12
Prospect One purchase 100% of "RACECOURSE DEPOSIT - EL 5574.
-"If a deposit of greater than 2Mt of contained CuEq [ie 450Mt @0.45% cu EQUIVALENT] is ultimately identified, Anglo American may buy back 80% at fair mkt value as determined by an independent expert. Parties are then to pro-rata maintain 80/20 or Prospect One may dilute which ultimately ends with Prospect One retaining 0.75% NSR.

-"If a Decision to m in e is taken by Prospect One PRIOR to the identification of a 2Mt...,Anglo also have an opportunity to EXERCISE the buy-back. AA have only a ONCE opportunity."

https://xtractresources.com/wp-content/uploads/Bushranger-Summary-Presentation_April-2020.pdf

My Comment:
"Pg 3: Recent drilling more than doubled the Racecourse Mineral resource...suggesting the resource will increase substantially in size [target 250Mt-400Mt] with more drilling. Was 27Mt, now 71Mt..."

Observation:
If one looks at the Anglo American agreement per the XTR presentation of Apr 2020, it is only headed: Racecourse El 5574 and appears NOT to include the other tenements?

The said presentation also talked of the recent BODA discovery in the LFB and in their Nov 9, 2020, the Alkane CEO said that he thinks they have a TIER-1. Alkane*s AVERAGE grade is 0.35% cu and they said that BODA has similar characteristics with Cadia-Ridgeway {Newcrest*s 50Moz gold deposit]. BODA strike is 5km.

XTR appears to have stated that they may have the potential [CLUSTER, not just Racecourse] SIMILAR to CADIA-RIDGEWAY. If so, then AA does not have the rights to the other tenements at Bushranger which is owned 100% by Prospect One? We need to ask XTR further. By ref, Alpala MRE is only 23MOZ gold...

News, Thur, 31 Dec 2020.
DYOR, IMHO. Please check.

"Colin Bird, Executive Chairman, Xtract Resources Interview, Bushrangers Drilling Programme Update located in the Lachlan Fold Belt, NSW, Australia*s world class copper gold province."

From the interview:
" M a s s i v e S y s t e m."
https://twitter.com/Share_Talk/status/1341405820702117894 dated 27 Dec 2020
[Kindly check]

XTRACT APR 2020 PRESENTATION - BUSHRANGER
"Multiple IP, Magnetic & Geochem feature indicate potential for the project to HOST A C L U S T E R of copper gold deposits S I M IL A R to Cadia Ridgeway."
[Cadia Ridgeway {Newcrest} which is 80km N.E of Bushranger and closest neighbour in the Lachlan Fold Transfer Zone which starts with North Parkes, then Cadia Ridgway {50 Moz gold} and then Bushrangers]. www.xtractresources.com
====
P E R S P E C T I V E :
HAVIERON, PATERSON, AUSTRALIA

CEO of Havieron project: "For Havieron to be a VERY LARGE MINERALISED SYSTEM."
4 Dec 2020 RNS

My Comment:
Two CEO*s or rather 1 Executive Chairman and what they said on the initial drilling results.
For Havieron, that turned out correct as Newcrest is the operator. So, we await the outcome of Bushranger and whether the IP, Magnetics & Geochemistry is correct per potential modelling??

DYOR, IMHO
News, Tues, 29 Dec 2020
XTR Share Price 1.45p/1.50p with a Mkt Cap of £9.18 million.
XTR also has other projects in gold and copper.

Listened to the last part again to check:
Mr Bird mentioned geo*s will find it quite impressive.

From the Share-Talk info:
"Substantial mineralisation commenced at depth 110m and continues to the current depth of the drill hole at 213.1m.

"Visually, we can see that the COPPER MINERALISATION CONTINUES to the current depth hole at 213.1m."

COLIN BIRD, NEW INTERVIEW, TUES, 22 DEC 2020 on today*s RNS, Hole 1, Bushranger, NSW,Oz.

Thanks to Hawaiifive0 & Hufc1908 for the link.

Summary:
"Bottom - where?
Nice stuff.
Mineralisation ALL THE WAY.
IMPRESSIVE MINERALISATION- 0.6Cu copper, 0.3 Cu copper.
Entering.
CONTINUOUS 110m- Delighted

Zack to Colin Bird: "Pay Off?"
Colin Bird: M A S S I V E S Y S T E M
Think Mr Bird mentioned other geo*s-impressive? Kindly check.

Drillers are from Queensland and Bushranger is in NSW - they didnt want to eat turkey at the site. Hole not too deep yet to damage it if stopped for Xmas.

MANICA - 3 reefs. Work not stopping at other projects."

XTR - BUSHRANGER, LACHLAN FOLD, NSW, AUSTRALIA
RNS just out, Tues, 22 Dec 2020.

From 110-213m , 0.3% copper with some at 0.6% copper [Cu].
Drilling will resume after the short Christmas break.
JORC 71Mt @0.44 cu copper & 0.64 g/t gold, at a 0.3% cut off.

ALKANE*S BODA, LACHLAN FOLD, NSW, AUSTRALIA
Edison wrote an intial report that at 0.35% cu AVERAGE and 700Mt+ = up to 8.3MOZ.
Alkane*s latest results of 9 Nov 2020 means that the strike has gone to some 1,100m from 720m [Edison*s initial report].

BODA Discovery is a landmark discovery and the CEO on 9 Nov 2020 said they think they have got a TIER 1? Edison wrote another report dated 8 Dec 2020 and gave AVERAGE GRADE of 0.35% cu.

NEWCREST CADIA RIDGEWAY, LACHLAN FOLD, NSW, AUSTRALIA
Alkane [Australia] said that BODA is SIMILAR TO Newcrest*s Cadia Ridgeway [50Moz + copper].
Xtract Resources also said in their Apr 2020 Presentation that Bushranger is SIMILAR to Newcrest*s Cadia. I gave out the readings of grades and intersections for BODA as its easy to follow than to try to dig the extensive data from Cadia Ridgeway.

So, it appears that the HOLE 1 Bushranger results just announced comes in close to the BODA average given that it still needs more calculations to average it up and also GOLD assays will need to be added to it to give COPPER CU % EQUIVALENT.

So, appears to be within the variance as BODA even had GRADES of 0.17% cu copper & 0.22% cu copper in some earlier holes and the intersections vary from more shallow to bigger intersections.

These appear to be the typical Lachlan Fold grades etc as XTR*s BUSHRANGER is 80KM North West of Newcrest*s Cadia Ridgeway. Therefore, Cadia Ridgeway is XTR*s closer neighbour.

Bushranger is a porphyry and like ALL porphryies, it is about BIG TONNAGE & typical grades for the Lachlan Fold.

Still early results and more to come? However, I am personally pleased it has come in within the variance?

IMHO. DYOR
News, 22 Dec 2020.

Part 2:

COLIN BIRD - Wadharma shell - KIWARA Reverse-In [HISTORY]

Kiwara was privately owned and reversed into Wadharma and renamed KIWARA listed on AIM.
-ZAMBIA NICKEL, COBALT & COPPER PLAY.

-The LICENCE was PREVIOUSLY HELD BY A N G L O - A M E R I C A N who relinquished it partly due to metal prices were supressed & nationalisation.
["Bird actually worked for Anglo-American as a mining engineer in a past re-incarnation."]

-Kalumbila - STRIKE LENGTH OF 11 KM - large scale GEOLOGICAL feature.
Further pods like this are likely & if the co strikes it lucky, it might even identify the source of the cobalt and nick INTRUSION. "THAT REALLY WOULD BE JACKPOT."

Kiwara does not own it outright but only 75%. Zambian subsidiary owns 55% of KalumbiLa.

"KIWARA WILL SET ABOUT PROVING AND EXTENDING THE KNOWN RESOURCE AT KALUMBIlA."
M A R K E T C A P : K I W A R A £ 2 5 M I L L I O N at this stage.
[Ref: "Wadharma returns form suspension and changes name to Kiwara Resources"- Proactive Investors, 2007]
====

"FIRST QUANTUM BUYS KIWARA FOR $260 MILLION."- REUTERS, 23 Nov 2000-
-Macquarie Research said that Kalumbila could compare in size to First Quantum*s Kansanhi mine, also in Zambia.

My Comment:
That is the history of Colin Bird selling off a deposit. Mind you the takeover price was not for 100% as Kiwara did not own 100%. Rings a bell? I found it interesting relating to Colin Bird*s modus operandi ie does not take all-out risk of a completely unknown licence with no initial resource.

News, Fri, 18 Dec 2020
P.S. XTR is also in Zambia copper [high grade] etc.

-

COLIN BIRD, EXECUTIVE CHAIRMAN, XTR

"Head- Planning & Operatons, A N G L O - A M E R I C A N Coal Corporation Ltd."
[Source: Market Screener]

BUSHRANGERS - RACECOURSE, LACHLAN FOLD, NSW, AUSTRALIA
Anglo-American has an option to buy-in 80% of the project via an independent valuation report etc.

So, Mr Bird is an ideal person to negotiate the buy-in or mining per the terms.

News, Fri, 18 Dec 2020.

Ya all remember Godolphin? Xtract Resources mentioned Godolphin as one of the newly listed ASX co*s exploring in the Lachlan Fold, New South Wales, Australia where XTR*s Bushranger is situated.

"Goldophin delves deeper into Lachlan discovery."-Business News, 7 Dec 2020 [Australia]
https://www.businessnews.com.au/article/Godolphin-delves-deeper-into-Lachlan-discovery

"Initial 2 RC holes drilled there returned notable intercepts of 32m @0.29g/t au & 0.13% cu from 210m including 12m @0.45g/t au & 0.22% cu copper from 230m.

Godolphin fast tracked the TWO follow-up RC holes which were drilled to whopping depths of 456m & 432m last month as it sought to BULL-EYE the porphyry system. A/c to the co, the deep drilling points to the PERIPHERY of the of the porphyry related gold copper system.

Godolphin said the purpose of the diamond drilling at TURRAWONGA was to P I E R C E the C E N T R E of the porphyry system...

Copper Hill East lies approximately 60 KM S o u t h of the BODA porphyry gold copper discovery.. & 5 5 km NORTH of NEWCREST* GIANT CADIA-RIDGEWAY."

Godolphin on ASX has a mkt cap of A$19.9m @A25c.

My Comment:
Xtract*s Bushranger is closer to Newcrest*s Cadia-Ridgeway mine [80km NW] in the Lachlan Fold Transfer Zone [North Parkes, Cadia-Ridgeway & XTR*s Bushranger whilst BODA is North of Cadia Ridgeway]. Godolphin is industry news and from the intial drilling result, one can see that the area tends to produce the same type of intercept and grade as BODA. XTR is drilling deeper at 1,000m akin to BODA and instead of drilling at the PERIPHERY, it is heading for the CENTRE as per Colin Bird, CEO in his latest interview with Share-Talk.

Useful info for the time when the results of XTR*s 1st drill hole down to 1,000m is revealed on 24 Dec 2020 or 27/29 Dec 2020.

News, Thur 17 Dec 2020.