Colin Bird, Executive Chairman of Xtract Resources (XTR.L) Interview.
Apr 19, 2021, 11:56 AM
Placing to fund accelerated
Bushranger phase 2 drilling programme
Total voting rights
Highlights
· Placing to raise £5,500,000 (before expenses)
· Contracting 2 drill rigs for an accelerated six-month, 20,000 metre drilling programme at Bushranger
· Planned recruitment of a quality exploration team and site expansion at Bushranger
· Objective of drilling is a potential 2 million tonne copper target
Bushranger Phase Two Drill Planning
Bushranger Phase Two Drill Planning
· The Company is currently modelling all of the results of the Phase One programme and integrating the results of the current geophysical programme
· Contracting the hire of two drill rigs for drilling programmes for up to six months
· Recruiting the necessary geologists for the drilling programmes
· Increase in the drill core handling and storage capacity at site
· Organising core store capability and own core cutting machinery and the logistics connected with speedy turnaround of raw data
https://www.share-talk.com/colin-bird-executive-chairman-of-xtract-resources-xtr-l-interview-2/
https://www.share-talk.com/colin-bird-executive-chairman-of-xtract-resources-xtr-l-interview-2/