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EPIC: XTR
Market: AIM
52-week High/Low: 0.27p / 0.02p
Sector: General Mining
Market Cap: 3.66M
Phone: +44 (0)20 3416 6471
Address: 4th Floor, 2 Cromwell Place, South Kensington, London SW7 2JE.
Website: www.xtractresources.com
Xtract Resources PLC

Xtract Resources PLC

Xtract Resources is a gold and copper exploration and development Company with projects in Chile and South Africa.

At Chépica, the management team is focussed on creating mining flexibility in order to deliver consistent production, cash flow and profits.

Xtract Resources PLC

www.xtractresources.com

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Big picture - Why invest in Xtract Resources PLC


Xtract Resources PLC Snapshot

 

Strategy


From the appointment of the new management team in 2013, the strategy to become a diversified mining house with positive cash flow has been achieved and the team is striving to further build on this growth in order to transition into a mid tier Gold and Copper producer.

     • Xtract's current projects include:
          • Chépica - gold & copper deposit in Chile with production and cash flow
     • Focus remains on low cost, high margin shallow/surface deposits, mitigating against commodity price fluctuation risk

     • Smaller asset size requires lower capital injection/risk and management focus

     • Asset criteria – generate US$10m to US$30m profit per annum

     • High quality management team with a track record of creating value for shareholders

 

The Right People
Xtract aims to source talented individuals who can contribute at board and senior management levels, and who have the necessary qualifications, experience, enterprise and motivation to develop and grow early stage assets and businesses. Xtract expects to maintain a small core executive management team on a full time basis and to use its wide network of industry associates to access the necessary skill sets and experience required on a part time or when required basis. Where specific expertise is needed, acknowledged expert consultants are retained. Xtract seeks to develop relationships with internationally recognised industry partners who are best placed to progress early stage assets and businesses along the value chain.

 

 

Chépica Gold & Copper Mine


Chile
Located 300km south of Santiago near the town of Talca

Mine currently producing 4,000 t/month

Increased plant mill capacity to 10,000 t/month

Discovered new surface gold reef (4m true width over 200m strike length at
2.5 to 8.5 g/t Au

Restructuring has improved operating efficiencies & lowered total cost

Chépica Gold & Copper Mine at a Glance
• Producing 4,000t/month from central part of mine

• Excellent infrastructure & support network

• Major mining, processing & treatment infrastructure in place

• Underground development accelerated to increase mining flexibility

• Restructuring at the mine has improved operating efficiencies and lowered costs

• Salvadori prospect discovered which will increase mining flexibility and positively impact on grade

• Profitable from April 2015

 

For more information please click here

 

 

Manica Gold Project
Mozambique

Located 4km north of Manica town, 270km west-northwest of the city of Biera

Targeting production in April 2017 – completing BFS

Set to produce 48koz per annum (500kt at 3.00 g/t recovered) at
cash cost of US$670/oz

Current resource of 1 Moz (LOM of 10 years)

Capex of US$28m (major portion to be project financed)

 

Manica Gold Project at a Glance
Targeting production in April 2016 – currently building plant (4 months to complete)

Set to produce 32koz per annum (700kt @ 1.42g/t recovered) at cash cost of US$120/oz

50:50 JV with MTI – MTI to pay all Capex and Xtract to run plant and fund Opex

Resource of 29Mt @ 1g/t estimated (LOM of 10 years)

Completing a total re-design in order to achieve greater economic metrics

 

For further information please click here 

 

 

 

 

 

Board of Directors

Colin Bird - Executive Chairman

Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African and is currently Chief Executive Officer of Tiger Resource Finance PLC, AIM quoted Galileo Resources PLCA and Non-Executive Chairman of Jubilee Platinum PLC.

He has been responsible for founding a number of PLC’s which have achieved mid-cap status and was the founder of Kiwara PLC which discovered the large copper project Kalumbila currently being developed by First Quantum Minerals Ltd. a US$ 11 billion quoted company.

Colin was appointed Executive Chairman during August 2016.

Peter Moir - Non-executive Director

Peter’s qualifications include B.Sc. Civil Engineering and M.Eng. Petroleum Engineering.

He is a Chartered Engineer in the UK and has more than 30 years experience in technical, operational and commercial aspects of the Exploration and Production business.

Joel Silberstein - Finance Director

Joel joined the Company as Chief Financial Officer in June 2013.  Prior to this Joel held the position of Group Controller and Vice President Finance of Toronto Stock Exchange quoted European Goldfields Limited, where he supported the executive team in growing a mining concern from exploration through development phases until the Company was taken over by Eldorado Gold Corporation. He has Honours Bachelor of Accounting Science degree from the University Of South Africa and qualified as a chartered accountant with Mazars, Cape Town in 2002.

 

Key Management

 

   
Jim Portar - Executive: Mining*

Jim has over 17 years Engineer with 37 years’ operational, project and consulting experience. He has worked for AngloGold Ashanti (1977 to 1997), holding positions including Prod Manager, Senior Project Manager and Mine Manager. He has Chairman and CEO of a Zimbabwe based gold exploration company and President Elect and Honorary Treasurer of the Southern African Institute of Mining and Metallurgy.

   
Graham Farr - Executive: Processing & Metallurgy*

Graham has 39 years’ experience in the mining industry, over 25 years in design. He is a Senior Process Consultant and Managing Director of Outsourced Plant Solutions (Pty) Ltd - the planned plant operating component of TWP/Basil Read. His background covers studies and design of Refractory and Non-refractory Gold plants globally. Flotation, solid liquid separation and Sulphide Oxidation forming part of this experience.

* Principal Consultants to the Company and members of the Technical Committee that advises the Board

Significant shareholdings

As at 01 August 2016 the Company is aware of the following significant holdings (over 3%) of voting rights in its share capital:

 
 

 

Name of holder

No. of ordinary shares

%age of voting rights in issued capital

   
 

 

Hargreaves Landsdown Asset Management

1,663,709,617

12.88

   
 

 

HSDL Nominees Limited

1,323,796,868

10.25

   
 

 

TD Direct Investing Nominees (Europe) Limited

1,137,130,570

8.81

   
 

 

Barclayshare Nominees Limited

1,059,007,733

8.20

   
 

 

Yorkville Advisors

1,032,811,415

8.00

   
 

 

Jarvis Investment Management Limited

868,627,506

6.73

   
 

 

Investor Nominees Limited

625,718,713

4.85

   
 

 

Titan Drilling Limited

457,343,846

3.54

   
   

 

Xtract Resources Plc Registered address:
4th Floor, 2 Cromwell Place, South Kensington
London, United Kingdom, SW7 2JE
T: +44 (0) 20 3416 6471
F: +44 (0) 20 7589 7806
E: [email protected]

Company Advisers

 
Nominated Adviser & Joint Brokers:
Cenkos Securities Plc
6,7,8 Tokenhouse Yard
London
EC2R 7AS

T: +44 (0) 20 7397 8900
F: +44 (0) 20 7397 8901
E: [email protected]
W: www.cenkos.com/

 
   
 
Joint Brokers:
Beaufort Securities Ltd
131 Finsbury Pavement
London
EC2A 1NT

T: +44 (0) 20 7382 8300
F: +44 (0) 20 7382 8400
E: [email protected]
W: www.beaufortsecurities.com

 
   
 
Solicitors:
Fladgate LLP
16 Great Queen Street
London
WC2B 5DG

T: +44 (0) 20 3036 7000
F: +44 (0) 20 3036 7600
E: [email protected]
W: www.fladgate.com

 
   
 
Auditors:
Crowe Clark Whitehall
St. Bride's House
10 Salisbury Square
London, EC4Y 8EH

T: + 44 (0) 20 7842 7100
F: + 44 (0) 20 7583 1720
E: [email protected]
W: www.crowehorwath.net/UK/

 
   
 
Registrar:
Capita Asset Services
The Registry, 34 Beckenham Road
Beckenham, Kent
BR3 4TU
T: +44 (0) 871 664 0300 (calls cost 10 pence per minute plus network extras)
The Share Portal can be accessed at https://www.capitashareportal.com/forms/Welcome.asp
W: www.capitaassetservices.com/default.cshtml

 
   
 
Bankers:
NatWest
2nd Floor
180 Brompton Road
Knightsbridge
London
SW3 1HL

Xtract Resources PLC Timeline

Newswire
September 30 2016
Newswire
September 22 2016

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