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Xtract Resources ( (GB:XTR) ) has provided an update.
Xtract Resources Plc has agreed to purchase dump material in the Zambian Copperbelt for $300,000 from its existing funds. This acquisition allows Xtract to conduct trial testing and evaluation to determine the grade, quantity, and treatability of the material, potentially leading to further acquisitions based on technical and commercial viability. This strategic move could enhance Xtract’s operations and strengthen its position in the mining industry by capitalizing on opportunities to process dump materials.
More about Xtract Resources
Xtract Resources Plc operates in the mining industry, focusing on the exploration and extraction of mineral resources. The company primarily deals with materials related to copper mining, particularly in the Zambian Copperbelt region.
YTD Price Performance: 10.0%
Average Trading Volume: 631,824
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.71M
See more insights into XTR stock on TipRanks’ Stock Analysis page.
