Slide 1: Corporate Presentation
Corporate Presentation July 2020
Slide 2: An Important Disclosure
Xtract Resources PLC An Important Disclosure The information contained in this document, including any information and opinions contained or discussed in any accompanying oral presentation, question and answer session and any other materials distributed in connection with this document (the ‘Present
Slide 3: Mission Statement
Mission Statement Production, Development and Exploration resource company ➢ Africa and Australia based Copper and Gold focus ➢ To identify low cost entry production situations, which can be expanded into significantly larger operations ➢ To identify Copper and Gold geological environments, which ha
Slide 4: Location of African Operations
Location of African Operations Zambia & Mozambique “Southern Africa maintains a high profile role for new metal discoveries” 4
Slide 5: Manica Alluvial Mining
Manica Alluvial Mining Mining Contractors ➢ Huafei Gold Resources appointed in January 2019 to mine the alluvials of the entire concession ➢ Agreement provides for Explorator to retain net percentage of the gold mined (after settlement by Explorator of the Mining Production Tax) of 22% until the ent
Slide 6: Manica Alluvial Mining
Manica Alluvial Mining Sub-contracted 6
Slide 7: Manica Gold Project
Manica Gold Project Mutapa Mining (“MMP”) Collaboration Agreement ➢ Operational and funding agreement for Manica hard rock gold deposits concluded in May 2019 ➢ MMP in partnership with Omnia appointed as independent mineral processing contractor on gold bearing deposits on the concession ➢ MMP to fi
Slide 8: Manica Gold Project
Manica Gold Project Mutapa Mining (“MMP”) forecast ➢ Commercial production (installation of processing plant with throughput of capacity of not less than 29,000 tonnes per month) to be achieved by Q1 2021 ➢ Xtract to receive 23% of Net Profit at a prevailing gold price of greater than US$1,250 per o
Slide 9: Zambia - Advanced Exploration
Zambia - Advanced Exploration Eureka Cu-Au Project ➢ Xtract has option to acquire initial 50% interest in project ➢ Eureka project straddles a major 3.5km NW-trending soil anomaly ➢ Limited historic drilling returned assay intervals up to 25.7m @ 3.30% Cu, 0.25g/t Au ➢ Small open pit developed by lo
Slide 10: Zambia – Advanced Exploration
Zambia – Advanced Exploration Eureka Cu-Au Project – Xtract Diamond Drill Programme ➢ Near-surface oxide copper-gold deposit gives way to sulphides at depth, with stratabound and replacement styles Eureka Project, Zambia – Significant Drill Core Analytical Intervals in Xtract Holes Hole No. Depth De
Slide 11: Zambia – Advanced Exploration
Zambia – Advanced Exploration Eureka Cu-Au Project – 3-D Modelling ➢ 3-D Modelling of deposit concludes: • Immediate resource potential within oxide ore adjoining the open pit, with significant size potential along strike. • Deposit drilled over 200m of strike and to 80m depth • Copper mineralisatio
Slide 12: Zambia – Production & Discovery Potential
Zambia – Production & Discovery Potential Kalengwa Cu-Ag Project - History ➢ Among highest grade copper mines in Zambia – 20% of orebody >26% Cu sent for direct smelting ➢ Located 400km NW of Lusaka and west of the main Copperbelt - tarred road and grid power to within 40km of site ➢ Total open pit
Slide 13: Zambia – Production & Discovery Potential
Zambia – Production & Discovery Potential Kalengwa Cu-Ag Project – Mine Dumps & Orebody Extensions Mine Dumps ➢ Xtract conditionally appointed as contractor to oversee and commence initial production from the Kalengwa dumps for net profit interest ➢ Kalengwa mine dumps and tailings have potential to
Slide 14: Australia – Advanced Exploration (new acquisition)
Australia – Advanced Exploration (new acquisition) Bushranger Porphyry Copper-Gold ➢ Conditional 100% interest acquired in the Bushranger copper-gold project in eastern central NSW, Australia for £1.25m in Xtract shares ➢ A$350,000 drilling commitment in first 12 months ➢ Highly prospective copper-g
Slide 15: Australia – Advanced Exploration (new acquisition)
Australia – Advanced Exploration (new acquisition) Bushranger Porphyry Copper-Gold - Background ➢ Comprises four exploration licences totalling 501sq km ➢ Located in the Lachlan Fold Belt, Australia’s world-class copper-gold province ➢ Major existing mines on Belt, such as Cadia-Ridgeway (Newcrest)
Slide 16: Compelling Investment Case
Compelling Investment Case Developing Global Copper-Gold Mines - Relative Strengths ➢ Established operations in Mozambique and Zambia ➢ Alluvial production in Mozambique with short term hard rock production expected ➢ Large dump and primary ore processing operation acquired in central Zambia ➢ Both
Slide 17: Corporate
Corporate Board of Directors Colin Bird Executive Chairman Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South African
Slide 18: Corporate Information
Corporate Information Number of ordinary shares in issue: 457,303,288 Current share price : 1.23p AIM code: XTR Current Market Capitalisation: GBP 5.62M Xtract Resources Plc 7/8 Kendrick Mews, London, United Kingdom, SW7 3HG Tel: + 44 (0) 203 416 6471 | Fax: + 44 (0) 207 589 7806 www.xtractresources
Slide 19: Thank you
Thank you 7/8 Kendrick Mews London, United Kingdom, SW7 3HG T: +44 (0) 20 3416 6471 F: +44 (0) 20 7589 7806 E: info@xtractresources.com www.xtractresources.com 19