Colin Bird, Executive Chairman of Xtract Resources (XTR.L) Interview.

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3y ago 9:36

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Placing to fund accelerated

Bushranger phase 2 drilling programme

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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

· 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/

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