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Placing to fund accelerated Bushranger phase 2 drilling programme Total voting rights Highlights · Placing to raise £5,500,000 (before expenses) · Contracting 2 drill rigs for an accelerated six-month, 20,000 metre drilling programme at Bushranger · Planned recruitment of a quality exploration team and site expansion at Bushranger · Objective of drilling is a potential 2 million tonne copper target Bushranger Phase Two Drill Planning · The Company is currently modelling all of the results of the Phase One programme and integrating the results of the current geophysical programme · Contracting the hire of two drill rigs for drilling programmes for up to six months · Recruiting the necessary geologists for the drilling programmes · Increase in the drill core handling and storage capacity at site · Organising core store capability and own core cutting machinery and the logistics connected with speedy turnaround of raw data https://www.share-talk.com/colin-bird-executive-chairman-of-xtract-re