REG - Xtract Resources plc - Acquisition of Amghas Antimony Licences

Xtract ResourcesAnnouncement

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RNS Number : 5675Z  Xtract Resources plc  16 September 2025

16 September 2025

For immediate release

 

Xtract Resources Plc

("Xtract" or the "Company")

 

Acquisition of Amghas Antimony Licences

 

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to
announce the acquisition by its 80 per cent owned subsidiary, Wildstone SARL
("Wildstone) of two further exploration licences in Morocco (the "Amghas
Licences" or "Amghas"), following the completion of extensive due diligence.
 

 

Assessment of Amghas has highlighted the prospectivity of the licences and in
particular the opportunity for the reinstatement of the former producing mine
at the site. Evidence of numerous high-grade antimony veins visible at surface
and in underground workings provide the motivation for the planned exploration
programme that has already commenced with a view to establishing a Mineral
Resource ahead of reinstatement of mine status.

 

Project Highlights:

 

·      Reinstatement of the Mining Licence underway: A baseline study
and Environmental Impact Assessment (EIA) have been initiated as part of the
statutory requirements to reinstate the mining licence at Amghas

 

·      Multiple high-grade antimony-rich veins and associated
mineralised brecciation identified both at surface and underground

 

·      Historic small-scale exploitation of antimony mineralisation with
a focus only on extremely high-grade (>40% Sb) veins. Potential for a
larger mineable resource due to previously unprocessed disseminated
mineralisation

 

·      Structural mapping identified continuity of mineralised
structures over several kilometres, connecting with historic Amghas workings
thereby expanding exploration potential

 

 

Executive Chairman Colin Bird commented: "The acquisition of the Amghas
Licences, presents an early potential opportunity to commence antimony
concentrate production for sale into international markets, where demand for
this critical metal is rising. We look forward to sharing the results of our
drone and geophysical surveys and publishing our initial Mineral Resource
Estimate with shareholders".

 

Amghas Licences

 

Wildstone has acquired two further exploration licences in Morroco for a total
consideration of US$105,000 funded by Xtract. The exploration licences are for
a period of three years expiring on 6 June and 25 July 2026 respectively. In
aggregate, the Amghas licence cover an area of 32 square kilometres and are
located in the Khenifra Province, Morrocco.

 

The Amghas Licences host multiple high-grade antimony sulphide veins, which
were last mined underground in the late 1950s.   The acquisition is a key
development in Wildstone's antimony licence portfolio in Morocco. The former
producing mine at Amghas will be a focus for initial exploration and
development activity with potential for antimony production from the multiple
outcropping antimony sulphide veins and the extensive underground network of
partially exploited mineralised structures.

 

The nature and density of antimony veins in and around Amghas supports a
detailed evaluation of the site and a focus on the development of a
preliminary resource estimate and mine plan.

 

Geological mapping has identified vein systems extending beyond the immediate
historic mine workings, in some instances connecting higher-grade Amghas veins
to other historical workings located several kilometres away along strike.
These zones present obvious follow-up targets.

 

Historic mining focused on hand-sorted, visually identifiable ore, overlooking
relatively lower-grade, disseminated wallrock mineralisation. Underground
channel sampling will be conducted to assess antimony grades within exposed
veins, wallrock alteration and breccias adjacent to the high-grade veins,
which have previously recorded antimony grades exceeding 40% Sb.

 

Wildstone's local geologists will be joined by Xtract's senior geological team
to assist with the establishment of a programme of evaluation of the Amghas
licence and surrounding Wildstone licences.

 

Technical Sign-Off

Technical information in this announcement has been reviewed by Colin Bird,
C.Eng, FIMMM, South African and UK Certified Mine Manager and Director of
Xtract Resources plc, with more than 40 years' experience mainly in hard rock
mining and is a Qualified Person under the AIM rules. Mr Bird has reviewed
and approved this announcement.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for
the release of this announcement on behalf of the Company was Colin Bird,
Executive Chairman and Director.

 

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 (http://www.xtractresources.com)

 

For further information, please contact: Xtract Resources PLC

 

Enquiries:

 Xtract Resources Plc                               Colin Bird,          +44 (0)20 3416 6471

                                                    Executive Chairman   www.xtractresources.com (http://www.xtractresources.com)

 Beaumont Cornish Limited                           Roland Cornish       +44 (0)207628 3369

 Nominated Adviser                                  Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    Felicity Geidt

 Novum Securities Limited                           Jon Bellis           +44 (0)207 399 9427

 Joint Broker                                       Colin Rowbury        www.novumsecurities.com

 Shard Capital Partners LLP                         Damon Heath          +44 (0)207 186 9952

 Joint Broker                                                            www.shardcapital.com

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

Technical glossary

 

 "Breccias"  rocks composed of sharp pieces surrounded by a fine-grained material

 "Sb"        Antimony

 

 

ENDS

 

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