Slide 1: Slide 1
Slide 2: Disclaimer
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 ‘Presentation’) has been prepared by or on behalf of,
Slide 3: 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 and is currently Chief Execut
Slide 4: Vision and Strategy
VISION Delivery of copper to capitalise on demand and perceived growth driven by the Green Energy Transition STRATEGY Acquisition and development of high-quality copper assets generating shareholder value focusing on projects in southern African jurisdictions
Slide 5: Manica Gold
MANICA GOLD
Slide 6: Manica Gold 2024 Disposal
MANICA GOLD 2024 DISPOSAL Accrual of an estimated US$18 million for the sale of a 23% interest in the Project • Conditional agreements entered into on 24 January 2024 for the sale of Xtract’s 23% interest in the Project • US$3.325m paid via a Mining Collaboration Agreement • Further US$15m in cash t
Slide 7: Western Foreland – Zambia
WESTERN FORELAND – ZAMBIA
Slide 8: Western Foreland – Prospectivity
WESTERN FORELAND – PROSPECTIVITY Possibly the most contested and desirable copper exploration real estate in the World in 2024 • Highly sought after ground acquired by virtue of Xtract’s longstanding presence in Zambia and alliances formed with senior Zambian-owned exploration companies and entrepre
Slide 9: Western Foreland – The Objective
WESTERN FORELAND – THE OBJECTIVE Group cooperation will significantly reduce OPEX and facilitate efficient and focused exploration • Initial election of favourable lithology and structure likely to host Kamoa-style mineralisation and rapid transition to a project of merit through drilling • Focused
Slide 10: Western Foreland – Exploration Strategy
WESTERN FORELAND – EXPLORATION STRATEGY Benefitting from the presence of other Group companies and well-established local partners • Group companies African Pioneer and Galileo Resources also hold licences proximal to Xtract’s ground • Sharing of admin, logistics and personnel with reduce OPEX • A s
Slide 11: Western Foreland – Joint Venture Agreement
WESTERN FORELAND – JOINT VENTURE AGREEMENT At the forefront of worldwide copper exploration • Acquisition of 2 licences in NW Zambia within the Western Foreland and Thrust – Fold Belt • Licences 29123-HQ-LEL & 30459-HQ-LEL cover a combined area of 107,000 ha of some of the most prospective ground fo
Slide 12: Bushranger – Australia
BUSHRANGER – AUSTRALIA
Slide 13: Bushranger – Copper & Gold in Australia
BUSHRANGER – COPPER & GOLD IN AUSTRALIA A significant low-grade copper – gold porphyry deposit primed for development • RACECOURSE PROSPECT JORC (2012) Mineral Resource estimate of 512Mt @ 0.22% CuEq at 0.1% Cu cut-off Total JORC (2012) Mineral Resource Estimate (Racecourse & Ascot) • Inc 50Mt @ 0.2
Slide 14: Bushranger – Development Strategy
BUSHRANGER – DEVELOPMENT STRATEGY A significant low-grade copper – gold porphyry deposit primed for development • Optimised review by independent third party consultants completed in November 2023 • Racecourse Prospect assessed based on 5 – 20 – 25mtpa operating scenarios • The Racecourse deposit co