S5 Ep30: Midweek Takeaway with Colin Bird, Executive Chairman of Xtract Resources (AIM:XTR)

Phil Carroll and Kevin Hornsby talk to Colin Bird regarding the Update on Open Pit Mining Study for Bushranger Copper-Gold Project. Independent consultants Optimal Mining Solutions have provided an interim report to the company, which shows that the economics of the project can be improved by the use of modern ore-sorting technology. The company will complete its mining study based on further test work on this option, and is planning further drilling to test remaining copper-gold mineralisation targets located close to the Racecourse Mineral Resource. Xtract has initiated a pre-concentration study, with the objective of quantifying improvements in cash margins, and allowing Net Present Values and Internal Rates of Return to be calculated for various mining scenarios.Disclaimer & Declaration of InterestThe information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.