The Board of Xtract Resources Plc (“Xtract” or the “Company”) provides an update on the impact of an exceptional rainfall event on drilling of hole BRDD-21-006 of the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project, located in the Lachlan Fold Belt (“LFB”) of New South Wales, Australia.

The widely reported rainstorms currently being experienced in New South Wales have had some impact on the Company’s drilling operations. The contractor was unable to drill over the weekend and Monday was particularly wet. However, we are happy to report that there has been no damage to the drilling equipment and we are optimistic that drilling will be able to recommence by the coming weekend.

At the time of suspension hole BRDD-21-006 had advanced to 297m depth having encountered veining with pyrite, pyrrhotite and traces of chalcopyrite over the last 10m, typical of the outer margin of the Racecourse porphyry system.

Further information is available from the Company’s website which details the company’s project portfolio as well as a copy of this announcement: www.xtractresources.com

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. The person who arranged for the release of this announcement on behalf of the Company was Colin Bird, Director.

https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-exclusive-interview-2/