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Xtract Resources PLC

Alastair Ford's Christmas pick of the African miners

Mining Capital's Alastair Ford kicks off by talking through what's been a busy week for Xtract Resources PLC (LON:XTR). Their Mozambican subsidiary has negotiated a “significantly enhanced” deal with the contract alluvial miners at the Manica gold project, plus a chinese contractor announced they're now pouring gold at the project in Mozambique.

Ford also discusses Jubilee Platinum PLC which is due to begin trading as Jubilee Metals Group from Friday, 15 December.

Other companies put under the spotlight include Galileo Resources PLC (LON:GAL) and Kennedy Ventures plc (LON:KENV).

Wrapping up with a quick few words on what was a packed week of presentations at Mines and Money, 121 Mining and the Mining Capital conferences in London last week, Ford says there was a strong line up with one of the standouts to watch being Excelsior Mining (TSX:MIN; OTC:EXMGF).

Quick facts: Xtract Resources PLC

Price: £0.01

Market: LSE
Market Cap: £3.98 m
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Xtract Resources boosts its interest in Zambia with Eureka project

Colin Bird, executive chairman of Xtract Resources PLC (LON:XTR), caught up with Proactive London's Andrew Scott to discuss an option agreement they've signed on the Eureka copper/gold project in Zambia. Xtract will have an option to acquire a 50% stake in the project before 1 October...

on 5/3/19

2 min read