Xtract Resources (GB:XTR) has released an update.
Xtract Resources Plc expands its operations by securing three additional large-scale exploration licenses in Zambia, aiming to explore for high-grade copper deposits. The company has committed to an exploration expenditure of $3.5 million over two years to earn a 65% interest in these licenses, with initial fieldwork scheduled to start in the latter half of the year. This expansion builds on Xtract’s existing joint ventures and underscores its positive outlook on Zambia’s mining potential and the pursuit of discovering significant copper resources.
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