Big picture - Why invest in Xtract Resources PLC
Xtract Resources PLC Snapshot
The strategy is to identify resource projects which satisfy the criteria of reasonably advanced, good mining jurisdiction and economic projections which suggest a hurdle rate of return in excess of 25%.
The current focus is on the Manica mine in Mozambique which satisfies all of the above. On 28th February 2017, the Company announced that it had completed the Definitive Feasibility Study for the open pit operation of the Company's Manica Fair Bride Gold Project in Mozambique. Concurrently we will proactively and reactively assess how best to transfer opportunity to shareholder value.
We continue to review all options for future projects and maximising current value.
The Right People
Xtract aims to source talented individuals who can contribute at board and senior management levels, and who have the necessary qualifications, experience, enterprise and motivation to develop and grow early stage assets and businesses. Xtract expects to maintain a small core executive management team on a full time basis and to use its wide network of industry associates to access the necessary skill sets and experience required on a part time or when required basis. Where specific expertise is needed, acknowledged expert consultants are retained. Xtract seeks to develop relationships with internationally recognised industry partners who are best placed to progress early stage assets and businesses along the value chain.
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DFS Key parameters
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Manica Key Features
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Main deposit – Fair Bride |
* Xtract Resources PLC. An Independent Technical Report on the Mineral Resources of the Fair Bride Gold Deposit on the 3990C Mining Concession, Manica Province, Mozambique, Minxcon, 04 March 2016 |
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Fair Bride Base Case |
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Other projects within the Manica license |
Drilling has targeted the below resources: Guy Fawkes (1350m strike, 120m depth)
Dots Luck (750m strike, 100m depth)
Boa Esperanza (100m Strike)
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Regional Exploration Potential |
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Board of Directors |
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Colin Bird 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 Executive Officer of Tiger Resource Finance PLC, AIM quoted Galileo Resources PLCA and Non-Executive Chairman of Jubilee Platinum PLC. He has been responsible for founding a number of PLC’s which have achieved mid-cap status and was the founder of Kiwara PLC which discovered the large copper project Kalumbila currently being developed by First Quantum Minerals Ltd. a US$ 11 billion quoted company. Colin was appointed Executive Chairman during August 2016.
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Peter Moir Peter’s qualifications include B.Sc. Civil Engineering and M.Eng. Petroleum Engineering. He is a Chartered Engineer in the UK and has more than 30 years experience in technical, operational and commercial aspects of the Exploration and Production business. |
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Joel Silberstein Joel joined the Company as Chief Financial Officer in June 2013. Prior to this Joel held the position of Group Controller and Vice President Finance of Toronto Stock Exchange quoted European Goldfields Limited, where he supported the executive team in growing a mining concern from exploration through development phases until the Company was taken over by Eldorado Gold Corporation. He has Honours Bachelor of Accounting Science degree from the University Of South Africa and qualified as a chartered accountant with Mazars, Cape Town in 2002. |
Shareholders |
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Class of share |
Total no. of shares in issue |
No. of voting rights per share |
Total no. of voting rights per class of share |
|
Ordinary shares of 0.02p per share |
350,560,684 |
1 |
350,560,684 |
Significant shareholdingsAs at 04 May 2018 the Company is aware of the following significant holdings (over 3%) of voting rights in its share capital: |
|
Name of holder |
No. of ordinary shares |
%age of voting rights in issued capital |
|
Hargreaves Landsdown Asset Mgt |
64,404,650 |
18.37 |
|
Interactive Investor Sharedealing |
46,101,619 |
13.15 |
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Halifax Share Dealing |
36,630,560 |
10.45 |
|
Barclays Wealth and Investment Management (UK) |
26,219,857 |
7.48 |
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SimplyStockbroking |
17,621,654 |
5.03 |
|
Mr Alex Terry |
16,500,000 |
4.71 |
|
Jarvis Investment Management |
15,664,176 |
4.47 |
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HSBC Private Bank (UK) |
14,250,759 |
4.07 |
|
A J Bell Securities |
12,812,788 |
3.65 |
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Mr C Stewart |
12,000,000 |
3.42 |
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Redmayne-Bentley Stockbrokers |
11,342,877 |
3.24 |
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Trading/Market Maker Account |
11,559,018 |
3.30 |
Directors interests as at 04 May 2018: |
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Name of holder |
No. of ordinary Shares |
|
Mr Peter Moir |
40,000 |
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Mr Colin Bird |
2,418,231 |
For the purposes of the AIM Rules, in so far as the Company is aware, the number of shares not in public hands as at 04 May 2018 was 0.701%. |
Xtract Resources Plc Registered address:
1st Floor 7/8 Kendrick Mews
London SW7 3HG, United Kingdom
T: +44 (0) 20 3416 6471
F: +44 (0) 20 7589 7806
E: [email protected]
Company Advisers |
Nominated Adviser and Joint Broker:
Tel: +44 (0) 20 7628 3396 |
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Joint Broker:
Tel: +44 (0) 20 7399 9400 |
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Solicitors:
T: +44 (0) 20 3036 7000 |
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Auditors:
T: + 44 (0) 20 357 6008 |
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Registrar: |
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Bankers: |
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