Xtract Resources Plc

Colin Bird, Executive Chairman

+44 (0)20 3416 6471

Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Michael Cornish

Felicity Geidt

+44 (0)207628 3369

Novum Securities Limited

Joint Broker

Jon Belliss

+44 (0)207 399 9427

Flagstaff Strategic and Investor Communications

Tim Thompson

Fergus Mellon

Alana Pryce

+44 (0)207 129 1474

GPT: Xtract Resources reports high-grade copper at Zambian project

MUMBWA, ZAMBIA - Xtract Resources Plc announced Tuesday it has intersected high-grade copper mineralization at its Silverking Project in Zambia’s Central Province, with drill results showing copper grades of up to 5.99% over significant widths.

The company reported that drilling at the project’s Main Body revealed mineralization over a 260-meter strike length with intersections exceeding 25 meters in width. Notable results include 5.99% copper and 40.22 g/t silver over 24.1 meters in one borehole, and 4.09% copper with 15.49 g/t silver over 10.1 meters in another.

Xtract also reported a new discovery from a drill hole that intersected mineralization at shallow depth, indicating a previously unknown mineralized body positioned parallel to the Main Body. Results are pending for eight additional drill holes.

The exploration program has identified multiple prospects within the license area, including the Kopje Prospect, which features a 200-meter diameter dolomitic hill with sulphide mineralization, and the Worm Prospect, described as a sinuous structure extending more than 2 kilometers along the western boundary of the license.

The company has deployed ground VTEM (Versatile Time Domain Electromagnetic) technology capable of detecting mineralization to depths of approximately 400 meters, which it claims is the only such unit operating in southern Africa. This technology identified the new parallel mineralized structure and another potential target approximately 40-50 meters below surface.

Xtract has now met the US$500,000 expenditure requirement to acquire a 51% interest in the project under its joint venture agreement with Oval Mining Limited. The company can increase its stake to 70% with an additional US$1,000,000 investment over the next two years.

The information in this article is based on a press release statement from Xtract Resources.

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