Xtract Resources PLC · LSE:XTR
Xtract Resources — Investor Presentation (April 2020)
13 slides from Xtract Resources's investor presentation, April 2020
Slide 1: Bushranger Copper-Gold Project
BUSHRANGER COPPER-GOLD PROJECT Major copper-gold mineral resource with untapped potential in the highly productive Lachlan Fold Belt, host to the giant Cadia- Ridgeway and North Parkes copper-gold mines April 2020
Slide 2: Disclaimer
Disclaimer • This Investor Presentation (“Presentation”) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) or any other law. This Presentation does not constitute, and is not to be construed as, an offer to issue o
Slide 3: Bushranger Copper-Gold Project Opportunity
Bushranger Copper-Gold Project Opportunity KEY POINTS • Unique opportunity to gain exposure to the Bushranger Project which contains the significant “Racecourse” Cu-Au mineral resource of 71Mt @ 0.44% Cu & 0.064g/t Au, with abundant upside potential, within Australia’s only World-Class Copper-Gold P
Slide 4: Lachlan Fold Belt (LFB) – Hotting Up in 2020
Lachlan Fold Belt (LFB) – Hotting Up in 2020 • Australia’s only World Class porphyry copper-gold province. • North Parkes and Cadia-Ridgeway are world-class porphyry copper-gold deposits hosted within the Lachlan Transfer Zone, the same zone which hosts ProspectOre’s Bushranger Project • Godolphin R
Slide 5: Project Tenure Details
Project Tenure Details • Bushranger – Racecourse Prospect • EL 5574 Renewal – 3 June 2021 Area - 69km2 Expenditure - $53K • Bushranger – Exploration EL’s EL8585 • EL 8305 Renewal – 23 Sept 2022 Area - 60km2 EL8305 Expenditure - $71K • EL 8306 Renewal – 23 Sept 2022 Area - 93km2 Expenditure - $35.5K
Slide 6: Bushranger Copper-Gold Project
Bushranger Copper-Gold Project • Globally, porphyry-related copper-gold deposits commonly occur in clusters and this is true for the LFB (Cadia-Ridgeway, North Parkes, Lake Cowal). • Previous exploration has identified several porphyry intrusions, some already known to be associated with copper and
Slide 7: Gold grades continue to increase with depth
Gold grades continue to increase with depth • Most recent drill holes show the mineralised zone Drill Hole from to Interval Cu % Au g/t at Racecourse has increased to over twice as wide BRC001 2 62 60 0.43 0.03 as previous intersections Including 20 30 10 0.73 0.06 – 159m @ 0.4% Cu & 0.2g/t Au (BRD0
Slide 8: Possible Additional Mineralised Porphyry Bodies
Possible Additional Mineralised Porphyry Bodies • IP/MT survey completed across most of the 10km strike length of porphyry intrusions • IP/MT Survey identified strong chargeability anomalies along the line of porphyry intrusions 1. Chargeability anomaly (red/magenta dots) adjacent to the mineralisat
Slide 9: Possible Additional Mineralised Porphyries - Footrot Prospect
Possible Additional Mineralised Porphyries - Footrot Prospect • IP/MT survey identified chargeability anomaly at the Footrot Prospect, suggestive of a mineralised porphyry • Associated with copper anomalism from surface geochemical sampling (soils and aircore) • A drill hole in 2014 hit porphyritic
Slide 10: Possible Additional Mineralised Porphyries - Southern Intrusions
Possible Additional Mineralised Porphyries - Southern Intrusions • 2014 IP survey identified a highly anomalous IP anomaly, suggestive of a mineralised porphyry at the Southern Intrusions • Southeast IP anomaly on southernmost IP Survey line, open to the north and south – NOT YET DRILL TESTED • Requ
Slide 11: Exploration Program (proposed) – Year 1
Exploration Program (proposed) – Year 1 Bushranger • 12 Project Budget Drilling to extend existing Racecourse Mineral Resource $1,000,000 12 Month Budget Objectives down dip and along strike at depth (4,000m) More detailed IP Survey (Footrot area, Southern Monzonite Confirm Potential for 200- targ
Slide 12: Anglo Buy-Back Option To Monetise Project Value
Anglo Buy-Back Option To Monetise Project Value Racecourse Deposit - EL 5574 1. EL5574 was purchased 100% by ProspectOre from Anglo American (“AA”) via a Sale and Purchase Agreement 2. AA have a “buy-back” opportunity, giving ProspectOre a mechanism to monetise exploration success: a) If a deposit o
Slide 13: Summary
Summary • The Bushranger Project is an excellent opportunity to gain exposure to a highly prospective copper-gold porphyry project in the World Class Lachlan Fold Belt • The Lachlan Fold Belt is again becoming a focus of investor interest following Alkane’s Boda Discovery (502m @ 0.6% CuEq) and Godo
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