Xtract Resources Plc (LSE:XTR) has successfully concluded the first phase of drilling at its Silverking Project in Zambia, undertaken in partnership with Oval Mining Limited. The program returned promising copper and silver intercepts, providing the foundation for an initial internal mineral resource estimate to support early-stage mine planning.
The results mark a significant milestone in Xtract’s plan to boost its ownership in the project to 70%, contingent on fulfilling its expenditure obligations. In parallel, the company is advancing preparations for further exploration at the nearby Kopje Prospect, including additional drilling and infrastructure development to support long-term project growth.
About Xtract Resources Plc
Xtract Resources is a UK-based mining company focused on the exploration and development of copper and silver assets. Its operations are primarily centered in Zambia’s Mumbwa District, where it pursues growth through joint ventures and strategic option agreements. The company is committed to unlocking the potential of high-value mineral projects across the region.
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