Colin Bird, Executive Chairman of Xtract Resources (XTR.L) Interview

Completion of Phase One Drilling at the Bushranger Copper-Gold Project

The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to provide an update on the completion of the final hole of the Phase One diamond drilling programme at the Racecourse Inferred Mineral Resource (JORC 2012) on the Bushranger copper-gold exploration project, located in the Lachlan Fold Belt (“LFB”) of New South Wales, Australia

Colin Bird, Executive Chairman said: “This is a good way to finish the Phase One drilling programme. All the completed holes passed through the potassic alteration zone with apparently good mineralisation. We are now busy with analysis of the raw data acquired and are building up a 3-D model to assist with planning of the Phase Two drilling programme. The geophysical programme has commenced – on completion we will understand much more about mineralisation trends and the potential of the Racecourse porphyry system. We are very pleased with the results and the team now looks forward to preparing for Phase Two.”

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