Xtract Resources : Completes First Phase Of Drilling In South Africa

Xtract Resources PLC on Tuesday said it has completed the first phase of drilling and sampling on the Carolusberg and O'Kiep sulphide copper tailings dams in South Africa.

 Xtract said the project has been undertaken to confirm the estimated grades, volume and recoveries of copper and other base metals in the dumps, and the work programme was completed three weeks ahead of schedule, it said.

 "The specific gravity results from the programme are due in the coming weeks which will provide us with the detailed information we are looking for in addition to the survey of the two tailings dumps, from which we have already confirmed that our volume estimates are correct," said Chief Executive Jan Nelson.

 Shares in Xtract were up 1.2% to 0.258 pence on Tuesday.