Appears in the latest " Company and Manica Alluvial Gold Update " RNS reference to hard rock progress was made . To newcomers to XTR this would be in relation to MMP building and operate a carbon-in-leach (CIL) plant
following copied and pasted from RNS Number : 5993H .
The hard rock contractors are progressing satisfactorily with site visitations from geotechnical engineers and process engineers in order to finalise design parameters. Our partner has assigned permanent staff to the project and we are pleased with the progress both technically and administratively."
With MMP, in partnership with Omnia, appointed as independent mineral processing contractor on the various gold bearing mineral deposits on the concession . It’s as if an updated on Omnias progress at Guy Fawkes area of the Manica was left out for a reason . I’m expecting this news shortly since Omnia have the right equipment on it’s own concession nearby to process Guy Fawkes hard rock with very little alteration needed . Maybe this is why Mr.Colin Bird emphasised why he thought there was a huge discrepancy between XTR , Market Cap and true worth . Dictated through Market Maker share price obviously .
With Q3 2019 , Sino 2 alluvial results having 3 full months of the chicken farm area alluvials to process . Monthly sales of dorey bars in Dubai should be getting better each month as extracted alluvial gravel hits increased gold content and not forgetting POG increasing too .
Making Manica a solid base for Xtract Resources to work from to further de-risk the company with copper / gold exploration / mining in Zambia . Which after the recent fund raise at 1.20p /share is fully funded for the foreseeable future . No wonder Mr.Colin Bird did a top up at 1.108p/share on Friday . I did one yesterday at 1.15p /share but would be happy to take many more on share price weakness whether it be through traders chasing rainbows or shorts being closed by placement shares entering the market lowering the SP doesn’t worry me . I’ll be adding …