Xtract Resources Share Discussion Threads

[brasso3] 21/3/2021 17:12

A 6p top up opportunity would be nice. :)

[all in eol] 21/3/2021 17:10

I think some sense this could go lower so they are trying to trash XTR.
There’s going to be plenty of news flow going forward though so....

[the best is yet] 21/3/2021 15:52

So which is it? You’re a nasty piece of work or you are in fact trying to disrupt this bb?

[the stigologist] 21/3/2021 15:38

Expect a half-wit to only ever be half-right

The Count of Monte_Cristo 21 Mar '21 - 11:14 - 1126 of 1132

The Stigologist is a nasty piece of work, he will come here to disrupt this bb.

[the count of monte_cristo] 21/3/2021 14:19

I can't believe you even have to post that information about the JORC:)) Amazing how little effort some people put into researching shares.

[jlondon] 21/3/2021 13:08

By the way, XTR*s Bushranger [Racecourse] has already got a JORC of 71Mt.
The drilling by XTR is to update this JORC etc. So, Racecourse [XTR] is not start-up drilling.

In answer to an earlier post. However, do check "Xtract Resources Bushranger"
as the info is contained therein. Type in the title in the search engine.

Sun, 21 Mar 2021.

[jlondon] 21/3/2021 12:34

Divmad
Just seen your post. I have just come from the London Sth East site and Cygnus7 at 10:35am, Sun 21 Mar 2021 has just posted on what you want to know.

There is a RANGE of cals depending on the start of mineralisation - different holes etc.

The Colin Bird, Executive Chairman*s Interview with Sharetalk [latest] after the RNS for Racecourse Hole 1 assay results has shone a new light ie porphyrieS. A/c to Edwards on Twitter, he said that Mr Bird mentioned that to the East and West , they are entering new porphyries. I cannot verify as I did not catch that part but I recall hearing porphyries. So, check as I have no time currently.

This is what is being discussed, hence why it needs further elucidation.

There will always be 2 schools of thought given that cals are done on a sensitivity analysis method by folks ie different outcomes with different input/s. This is not easy as folks dont have the official modelling [geo].

Anyhow, have a read and see how you go with your own take after reading the range of cals over on the Lon Sth East site.

JLondon Sun 21 Mar 2021.

Solgold never drilled Bushrangers. They have a licence in Queensland from recall, not Lachlan Fold, New South Wales, Australia which is on the books. The Bushranger licence was held by Straits Resources in 2006, sold to Tooday in 2007 and then to Anglo American who drilled sometime in 2014-15.

Solgold is not registered as having owned the licence at Bushrangers and this is easily checked in the Australian Mining Govt site. Ref: "Solomon Gold progress report on Australian drilling and Fauro licence news boost share price."-Proactive Investors [no date given but yonks ago]. Type title into search engine to read and check.
[Article mentioned: "Rannes & Mount Perry in Queensland."]

Queensland [Qld] and New South Wales [NSW], Australia are different states. So, Solgold at Qld and XTR now at Bushrangers, NSW, Australia.

[the count of monte_cristo] 21/3/2021 11:46

CB was delighted that the current drill hit mineralisation at 45m, because the closer to surface the cheaper it is to extract the ore.

- The deposit is close to good roads and infrastructure
- It's in Australia, not some corrupt anti-mining country like Ecuador
- The land has no native title issues and is just grazing land



This is not going to be a difficult mine to bring into production. Cadia Ridgeway has an AISC of something like 200 USD, incredibly profitable. Have a read about it and see how it was discovered.

[the count of monte_cristo] 21/3/2021 11:27

Been away on holiday, the assay results have confirmed what CB been saying. The Sharetalk interview he did was very helpful, the story here really is just getting started. Bushranger is already the in the top 25 copper deposits in Australia, at it's current JORC. I don't actually feel the need anymore to post as much, because it's fairly clear to me where this is going, as CB has stated in the last interview it's only going to get bigger. They have achieved a lot in the last 3 months. The next 3 months will continue to be exciting as this project starts to really move forward. Exciting times ahead.

Don't let the handwringers or the folks with agendas try and shake your confidence in this stock because it's got excellent prospects, IMHO.

[the count of monte_cristo] 21/3/2021 11:14

The Stigologist is a nasty piece of work, he will come here to disrupt this bb.

[divmad] 21/3/2021 10:45

What a long winded load of sheer tripe.

[swingbysome] 21/3/2021 10:26

Jlondon

I stand corrected and remember SOLG just did a few test drills at Bushranger before moving on to the cascabel , Northern Ecuador prospect . I still remeber the CEO saying test drill results didn't correspond with previous results but know they didn't do the deep drilling required to prove up the prospect . Weird really since I'd seen SOLG skyrocket from 2p / share to 80p /share of a rerate of gold found in the Solomon islands then retrace all the way back to 2p /share whilst searching a new venture . Sadly with all the dilution SOLG has had the share price is only 21p /share today . Weird ........ hey ........ but check out all the drilling they did in Queensland trying to prove up their licenses all falling flat .

As far as XTR are concerned having seen Chepica , Chile save XTR from bankruptcy only to lose Mr.Jan Nelson through some freak weather , accidents . I tend to remember manica , Mozambique was bought on a spike through placing shares in much the same way Bushranger was bought . Sadly weather has hampered alluvial production or they would have issue Sino 2 alluvial results by now ....... way over due .

With only phase 1 of proving up Bushranger in progress I hope they have better luck than SOLG ....... but 6 holes won't prove up much even when assay results are known . Not forgetting the handheld device used on hole one gave 320m of the hole as not worth reporting .... low grade copper . I'll keep and eye on XTR but know weather plays an important part of mining in Australia so would only risk a small amount but wish those who are not Market Makers posting on lse the very best of luck . You'll need it since weather is as important as the CU / AU in AUS without either being good you have nothing .

[divmad] 21/3/2021 07:46

Jlondon, what's your sense of the total Cu tonnage potential at Bushranger based on the initial down hole drill results?

[onedayrodders] 20/3/2021 20:41

just the 3 posts ever then SwingBysome and one just seems very bitter ...

SwingBySome - 17 Mar 2021 - 12:24:43 - 231 of 245 Xtr resources - XTR
no Sino2 alluvial results is pretty worrying but then the two cyclones over Christmas period may have caused processing to slow especially with all the flooding .
I see Mr. Bird is not bothered with Mozambique these days a reminder of the Chile operation . When the tide turns his attention goes elsewhere .

So he'll spend placing money on the next best thing since slice bread and expect share holders to applaud ........ seen it all before with Mr. Bird .

[jlondon] 20/3/2021 12:26

----C O B R E P A N A M A---
First Quantum.

"Mineral resource, as at Dec 2019 USING A CUT-OFF OF 0 . 1 5 % CU COPPER."

"Total Inferred: 1,049 @ 0. 2 6 % cu copper , 0. 0 4 g/t au gold & Mo 0.005

Total Measured & Inferred: 3,606 @0.37 % cu copper, 0. 07 g/t au & Mo 0.006."

hxxps://www.firstquantum.com/English/our-operations/operating-mines/cobre-panama/reserves-and-resources/default.aspx

---
Look at the details: 6 - 7 deposits at Cobre Panama.
Look at the range: Inferred category: 0.23 copper, 0.26, 0.25, 0.29, 0.23, 0.27 & 0.21 making an OVERALL OF 0.26 % CU COPPER for 1,049/t.

Look at the range: Total Measured & Inf: overall 0.37% cu for 3,606/t.

---
OFFICIAL CUT-OFF 0.15% in 2019 when COPPER PRICES WERE VERY MUCH LOWER.
---

COBRE PANAMA: Mining Technology
"Located 120km from Panama City and COPPER GOLD P O R P H Y R Y."
Data is from 2012 so the above from the co is the latest available.

Share price of First Quantum, Fri, 19.3.21 C$24, MKT CAP C$16.57 BILLION.
---

"COPPER MINER*S $10 BILLION BET COMES TO LIFE IN PANAMA JUNGLE."-BLOOMBERG, 13 Feb 2019.

"..$10 BILLION INVESTMENT...a vast mining and processing complex, processed its FIRST ORE..."

Very few mines come to $10 billion investment capex [capital] and this is one of them at Inferred 0. 2 6 % cu copper or Total Measured & Inf: 0. 3 7 % cu copper.

Why is this? Answer: SIZE as is common for porphyries -LARGE BUT LOWER GRADE = TONNAGE of the above 1, 0 49 or 3, 6 0 6 /t.

The latter is closer to what Solgold has in the MRE 2.4 Billion tonnes, 900Mt @ 0.35 % cu eq etc.

Solgold*s Alpala will not take US$10 billion to build. Some estimates cite some US$4-5 billion.

----PROOF/EVIDENCE: COBRE PANAMA IN THE PANAMA "JUNGLE" BUILT INTO A MINE at
0. 2 6 % CU COPPER or 0 . 3 7 % copper as above AT A CUT-OFF OF 0. 1 5 % CU COPPER.

---------IMAGINE CUT-OFF ECONOMIC AT 0. 1 5 % COPPER AT COBRE PANAMA MINE-------


XTR JORC RACECOURSE 71Mt @ 0.44% cu and gold at 0.064g/t.
Hole 1, Racecourse [extension] 0.3% cu overall but with also higher grades in the core as said.



----Typical of porphyeries in general and hence why Wiki cites that 0.15% cu copper can be economic - one example of Cobre Panama-----------

Sat, 20 Mar 2021. Kindly check. DYOR. Do due diligence. Consult a financial advisor.

[jlondon] 20/3/2021 11:47

--------------CONCLUSION--------------

There is NO MINE IN THE LACHLAN FOLD, NEW SOUTH WALES, AUSTRALIA with 1% cu copper.
NONE - NOT ONE of the world class North Parkes owned by Rio and sold to the Chinese for US$800m [cited by XTR also], Cowal and the No 1 mine in Australia ie
C A D I A - R I D G E W A Y all in the same lachlan Fold Transverse Zone as XTR*s Bushranger.


Now, the new kid on the block, BODA which is in a different zone, North of Cadia-Ridgeway - their overall is also around 0.35 % cu eq? Kindly check. Look at all the detailed 11 holes results from Nov 2020 being their 2nd last announcement. One can see that some are HIGHER, some LOWER but certainly Colin Bird saying in his earlier Sharetalk interview: Bushranger vs BODA: "PRETTY MUCH THE SAME, BETTER."
ISNT THAT NOW TRUE? ALL 11 BODA HOLES OF NOV 2020 SHOW LOWER GRADES IN GENERAL THAN XTR*S HOLE 1 OR JORC OF 0.44% CU. I posted details above that can be checked.
------------------------------------
Sat, 20 Mar 2021.

[jlondon] 20/3/2021 11:38

Yeah, folks, I was there at Solgold*s inception at Cascabel so I can tell you the stories from Day 1.

So, too for Havieron at GGP.

So, too for REM plc for Sonora, now the largest ranked for lithium.

Yes, I have heard all this before ie not good enough ie grades in Solgold, GGP as said and also REM plc about x and y.

However, history tells us they are TIER 1 deposits.
----
WHAT WILL HISTORY SAY ABOUT RACECOURSE-BUSHRANGER?
Hole 6 will be about to come out next week or so at Racecourse. There is already a JORC to boot.

XTR*s Geo*s: Former Head of Exploration Australia -Africa BHP, Consultant Expert in copper porphyries in Lachlan Fold and is part of a mining consultancy in NSW, Australia, a PhD Geo and a young geo.

Does a former Head of BHP Exploration Australia not know what is economic? Everyday, in his job he has to look at their projects and consult with a specialist economic geologist as well on their team or external consultants - not only exploration geo*s. Economic geo*s can do cals. Exploration geo*s do different things. Mr Read is a Director of XTR and is the former Head of BHP Expl Australia-Africa. BHP is the LARGEST mining major. So, do folks with NO GEO DEGREES AND EXPERIENCE in the field plus FURTHER DEGREE in economic geology know better? Just sayin.

Folks have been proven wrong in Solgold, Greatland Gold [Havieron] etc. All the same comments about NOT good enough, not deep enough, grades not good enough etc.
Obviously, evidence says that MAJORS know better? Otherwise, why did they JV into Havieron and BHP-Newcrest continue to hold a substantial voting share in Solgold? Together, they hold nearly 30% of Solgold, each with 15%. BHP and Newcrest are also active in Ecuador and surely they need not hold on to their Solgold shares if they dont want to?

DYOR. Please do due diligence and check. Ring them up if necessary to ask.

Sat, 20 Mar 2021.

[jlondon] 20/3/2021 11:27

SwingbySome

Bushranger was NEVER OWNED BY SOLGOLD.

AA owned it and they have NOT only a buy back clause option but if XTR etc mine, payment will have to be made. At the time of AA, I think folks on another forum said copper was US$5,000/t.

Peak? Copper? Last night, news came out that unless new mines come on stream there is going to be a COPPER DEFICIT - lots of mines needed. It is common knowledge that no mine is coming on stream UNLESS the copper price is right. So, with a looming deficit, peak?

News just out. The US gov set up a meeting via the SEC with some 30 American co*s relating to Green Metals. The gov wants to help the American co*s to set up in Canada due to issues in mining in the US.

If you look at BODA, there are higher grades and lower grades and as the discovery is drilled more, it does tend to go lower than the previous average.

Cadia-Ridgeway*s has an overall cu grade of 0.25 or 0.26% cu copper from recall. Its on the XTR Presentation also, and public info to check.

PORPHYRIES
Its not a 1 hole biz-its the composite. Straits who owned Bushrangers previous to Tooday said the deposit is pretty uniform in grades and will be a big copper mine. Kindly check. Straits had a revenue of some A$920m at the time in 2006 prior to selling Bushranger. They were like a major at the time and I looked at 1 of their accounts to see what they said - they had a mine and many exploration sites so they had to trim some back which is norm for mid-tier co8s.

Why is AA still tied to Racecourse and any FINANCIAL BENEFIT is still tied in?
They did XRF and more drilling at Racecourse and Footrot. Could the only logical reason not be that they thought it was of interest otherwise they could have just sold it on with NO clauses?

Colin Bird*s last sale of some US$250m to First Quantum of a copper deposit in Africa [only own 50%] was a AA property with NO clause for back-in or $$ benefit.

Kindly check. DYOR. Do due diligence.

Did folks not say that Solgold*s results were NOT good enough in the early days eg not deep enough, deep and not good enough ie grades. Solgold*s Cascabel is now officially a Tier 1 deposit. 2 MAJORS have invested in Solgold for 15% each approx. Newcrest enterted earlier than BHP who wanted to take 70% out of 85% of the project for an investment sum after only 14-15 holes drilled.

Did folks not say that Havieron after 9 holes was NOT good enough ie grades? Did folks not say that there is no value unless there is a PFS, DFS etc? Well, one morning, NEWCREST JV*ed into Havieron [Greatland Gold] AFTER ONLY 9 HOLES DRILLED and the results were mixed ie grades. Is Havieron now not classed as TIER 1 by one broker?

So, have ALL THE LACHLAN FOLD DEPOSITS THROWN AWAY OR WERE THEY DEVELOPED?
Answer is above-they were developed.

Now, Guise said that due to the shortage, miners would have to do DEEP SEA DRILLING - that is even more costly given the challenging conditions of drilling down to the sea bed which is thousands of miles down and then extraction etc. As far as I am aware tech is not very advanced in this, hence why the Japanese have not started it?

Also, SPACE MINING - my that is even more challenging given what has happened in recent times when these rockets went up.

LoL

Sat, 20 Mar 2021. Check it out as all this is PUBLIC INFO. I copy notes so they may have some errors as they are done at night.

[swordfish7] 20/3/2021 11:13

Qaz, as is evidenced by the SwingBysome post!
Copper is at it peak! FFS!!

[qazwsxedc69] 20/3/2021 11:09

He also operates with many aliases. Hence this new clown with an account set up on 17/3/21 is definitely him as well. He truly is a mental Pygmy and might be the most filtered person on here.

[jlondon] 20/3/2021 11:08

Per Colin Bird*s interview on Fri, 19 Mar 2021 with Sharetalk [re: XTR RNS Hole 1 Racecourse Assay Results], Edwards on Twitter #xtr thread heard that to the WEST and EAST, there are NEW PORPHYRIES? So check.

What I heard:
"Colin Bird, Executive Chairman, XTR, 19.3.21 said interview:
"Multiple porphyries. Look around ie Bushranger he means. Target-evident in geophyrics-Footrot gave good indication."

"Cadia-Ridgeway, not 1 system but 4-5 systems.
Racecourse, still learning DISTRICT POTENTIAL.
3 months time-district.

GEO*S GROWING IMPRESSION-MULTIPLE PORPHYRIES.

ALREADY ATTRACTING M A J O R COPPER CO*S INTEREST." -Check.
-----
Colin Bird no longer talking of XTR Racecourse vs BODA as earlier, same if not better but now "DISTRICT POTENTIAL".

In the XTR*s 2020 Bushranger presentation, the co already said that the clusters in Bushranger are similar to the clusters at Cadia Ridgeway. To check, type Xtract Resources Bushranger and then click at the bottom the link to this 1 and only presentation. A lot of the technical work ETC was done in the time of Tooday also including AA etc.

This is in a Tier 1 jurisdiction ie Australia. MORE NEWS TO COME.

DYOR. Please check as there can be copying errors etc.

Sat, 20 Mar 2021.