Business
Half-year Report
Xtract Resources reported unaudited interim results for the six months ended June 30, 2025, revealing a net loss of £1.17 million, a significant increase from the £0.16 million loss in H1 2024. Administration and operating expenses totaled £0.78 million, slightly lower than the £0.82 million in the previous year. The company's cash reserves decreased to £0.94 million from £2.17 million at the end of FY 2024, and total assets decreased to £17.58 million from £19.21 million. Operationally, drilling at the Silverking project yielded intercepts such as 24.1m at 5.99% Cu and 40.2 g/t Ag. Xtract acquired 80% of Wildstone SARL, committing to spend at least US$900,000 over three years. The company also invested US$300,000 in Zambian Copperbelt dump material valued at US$1.15 per tonne. Disclaimer*
About this update from Xtract Resources Plc
[{"type":"text","content":"\n\n \nFor immediate release\n 29 September 2025\nXtract Resources Plc\n(\"Xtract\" or \"the Company\")\n \nUnaudited Interim Results for the six months ended 30 June 2025\n \nXtract Resources Plc (AIM: XTR), the exploration and development company with projects in Zambia, Morocco and Australia, announces its unaudited interim results for the six months ended 30 June 2025 (\"Period\").\nHighlights\nOperational\n· A Phase 1 drill programme completed at the Silverking Cu-Ag project in Zambia. Results received indicate a significant extension of the high-grade mineralisation, tripling the known surface expression to over 260m strike length. Key intercepts from the Silverking breccia pipe include:\no 24.1m at 5.99% Cu and 40.2 g/t Ag from 111.0m in borehole SKIDD010\no 29.70m at 4.15% Cu and 42.9 g/t Ag from 93.0m in borehole SKIDD003\no 54.1 m at 3.18% Cu and 40.3 g/t Ag from 56.9m in borehole SKIDD002\n· The drilling data is expected to support the development of an in-house, non-code compliant mineral resource estimate for Silverking, that together with a metallurgical study aimed at evaluating the lower-grade mineralised halo will inform potential mine planning and future mine economics\n· A ground VTEM survey identified a second mineralised structure sub-parallel to the main Silverking orebody. Further drilling is planned following a 9m intercept at 4.68% Cu and 38.67 g/t Ag from 228m in borehole SKIDD018\n· Additional targets on the Silverking project include the Kopje prospect, where multiple structures intersecting a steep dolomitic hill yielded 4.3m at 2.55% Cu and 30.40 g/t Ag in a surface channel sample. Further potential has been identified at the Worm prospect where a 2km long sinuous structure may represent an extension of the regional structure associated with the nearby Kitumba Mine (27.9 Mt @ 2.2% Cu). Ground VTEM geophysical and geochemical studies are ongoing to define potential drill targets\n· Initial lithological drilling at the Western Foreland project has confirmed the presence of prospective stratigraphic units that have the potential to host Kamoa-Kakula-style high-grade copper mineralisation. These units will be further e...