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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