Xtract Resources
Xtract Resources Plc is a UK-based, AIM-listed mineral exploration and development company focused on copper, silver, gold, and antimony assets in Zambia, Australia, and Morocco, operating through joint-venture partnerships with local operators.
- Company typePublic
- Founded2000
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Xtract Resources does
Xtract Resources Plc is a UK-domiciled, AIM-listed mineral exploration and development company focused on copper, gold, silver, and antimony assets positioned for the green energy transition. The company operates through a portfolio of three projects: the Silverking Copper-Silver Project in Zambia (35% interest via a joint venture with Oval Mining and Cooperlemon Consultancy, with initial production commenced July 2026), the Bushranger Copper-Gold Project in New South Wales, Australia (100% interest, 599Mt @ 0.22% CuEq JORC-compliant), and the Wildstone Joint-Venture in Morocco (50% interest in Wildstone SARL, holding 15 non-contiguous licences targeting copper, silver, and antimony).
The company's core technology comprises conventional mineral exploration methods — resource definition drilling, geological modelling, and JORC-compliant resource estimation — combined with standard flotation processing. At Silverking, the joint venture operates a flotation plant targeting 28 tonnes per hour throughput producing 28% copper concentrate from mixed oxide-sulphide ore. At Wildstone's Amghas site, Phase 1 flotation test work has confirmed the ability to produce antimony concentrate exceeding 65% purity. Drill results at Silverking have identified high-grade mineralisation including 4 metres at 7.67% Cu and 63.5 g/t Ag.
Xtract's business model is a JV-led, minority-interest model rather than full mine ownership. Revenue is generated from the sale of mineral concentrates (copper, silver, gold, antimony) to industrial offtake buyers and commodity traders at prevailing market prices; the company does not publicly disclose pricing or contract terms. The company is at the earliest stages of commercialisation, with Silverking production only beginning in July 2026, no disclosed revenue, a market capitalisation of approximately £7.71M, and 1-10 employees. Leadership is led by Executive Chairman Colin Bird, a chartered mining engineer with 40+ years' experience, supported by a four-member board.
Xtract Resources firmographics
Firmographics- Name
- Xtract Resources
- Legal name
- Xtract Resources Plc
- Website
- https://xtractresources.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Xtract Resources Plc is a UK-based, AIM-listed mineral exploration and development company focused on copper, silver, gold, and antimony assets in Zambia, Australia, and Morocco, operating through joint-venture partnerships with local operators.
- Ownership category
- akta.pro rank
Xtract Resources industry classification
Industry- Product category
- Mineral Exploration and Development
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Copper Exploration & Resource Development (IMAKADAA)
- akta.pro secondary industries
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)
Keywords
Where Xtract Resources is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Xtract Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Mineral Sales: Revenue generated from the sale of extracted minerals including copper, silver, gold, and antimony concentrate produced from mining operations
- Joint Venture Returns: Company earns returns through its ownership stakes in joint ventures such as Wildstone SARL (80% owned) and Silverking Mining JV (35% interest)
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Xtract Resources product offering
Product offeringCore offering
Xtract Resources PLC is a mineral exploration and development company that acquires, delineates, and develops mining projects producing copper, silver, gold, and antimony concentrates. The company operates through joint-venture partnerships and direct ownership in Zambia, Morocco, and Australia, selling mineral concentrates to industrial offtake buyers and commodity traders. Initial production commenced at the Silverking copper-silver project in Zambia in July 2026, with a flotation plant targeting 28 tonnes per hour throughput and 28% copper concentrate grade.
Product overview
Xtract Resources PLC is a UK-based mineral exploration and development company listed on AIM (AIM: XTR). The company operates three mining projects across Zambia, Australia, and Morocco: the Silverking Copper-Silver Project (35% JV in Zambia), the Bushranger Copper-Gold Project (100% owned in Australia), and the Wildstone Joint-Venture (50% owned in Morocco focused on copper, silver, and antimony). The company focuses on near-term production assets in the green energy transition metals sector.
Differentiator
Problem solved
Functional benefit
Products and services
- Silverking Copper-Silver Project Copper-silver mining project located in Zambia's Mumbwa District. The historic mine is being developed via resource definition drilling to extend known high-grade, breccia-controlled Cu-Ag resources along-strike and at depth. Xtract Resources holds 35% interest through a joint venture with Oval Mining Limited and Cooperlemon Consultancy Limited.
- Bushranger Copper-Gold Project Copper-gold exploration project in the Lachlan Fold Belt, New South Wales, Australia. Xtract Resources holds 100% interest. Contains two porphyry deposits with 2022 JORC (2012) compliant combined total resources of 599Mt @ 0.22% CuEq, including a shallower high-grade zone at the Racecourse prospect hosting 191Mt @ 0.33% CuEq.
- Wildstone Joint-Venture Morocco-based mineral exploration and development joint venture. Xtract Resources became 50% shareholders in Wildstone SARL in 2025, developing small-scale mining opportunities in copper, silver, and antimony. Wildstone holds 15 non-contiguous licences in Central Morocco offering high potential for near-term small-scale mining.
Quantifiable outcome
- Target throughput: 28 tonnes per hour with 28% copper concentrate grade
- +2 more outcomes
Companies that use Xtract Resources
Customer profileSegments2 records
Ideal customer profiles1 record
Xtract Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Xtract Resources partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Wildstone SARLcoreXtract Resources 80%-owned Moroccan venture holding the Amghas and Ighoud exploration licenses for antimony mining. Wildstone SARL is developing small-scale mining opportunities in copper, silver, and antimony in Morocco, holding 15 non-contiguous licences in Central Morocco.
- Oval Mining LimitedcoreJoint venture partner for Silverking copper mining project in Zambia's Mumbwa District. Oval Mining operates the flotation plant and manages production operations. Xtract acquired 35% interest in the Silverking Mining Joint Venture for $1.5 million payable in two equal installments.
- Cooperlemon Consultancy LimitedcoreJoint venture partner for Silverking copper mining project. Cooperlemon provides local expertise and consultancy services for mining operations in Zambia. Combined with Oval Mining, the partnership aims for production commencement within three months.
- Chilibwe Mining LimitedminorExclusive collaboration agreement for exploration of Licence 22118-HQ-LEL covering 27,202 hectares in Zambia. Strategic partnership to expand copper exploration footprint in Zambia's copper belt region.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Xtract Resources competitors and assessment
Company assessmentDirect peers
- Arc Minerals: AIM-listed explorer with copper interests in Zambia's Copperbelt. Highly comparable to Xtract given the shared focus on Zambian copper, similar micro-cap scale, and AIM listing.
- Beowulf Mining: AIM-listed junior miner focused on critical raw materials in Sweden and Kosovo. Comparable in size, AIM listing, and small-cap critical-minerals thesis.
- Caledonia Mining: AIM-listed gold producer with operations in Zimbabwe. Comparable as a small-cap AIM-listed precious/base-metal miner with African operating exposure.
- Hummingbird Resources: AIM-listed small-cap gold miner with West African operations. Comparable in size, AIM listing, and small-cap miner profile producing from African assets.
- Central Asia Metals: AIM-listed base-metals producer operating copper and other base-metal mines in Central Asia. Comparable as a small-mid cap AIM-listed base-metals miner with JV/operator exposure.
- SolGold: AIM-listed copper-gold exploration and development company focused on porphyry systems, including the flagship Alpala project in Ecuador. Directly comparable to Xtract's copper-gold exploration model and AIM listing structure.
- Alba Mineral Resources: AIM-listed small-cap diversified mineral explorer with interests across critical and battery metals. Comparable in scale, listing venue, and multi-commodity exploration strategy.
Broad incumbents
- Ivanhoe Mines: Tier-one copper miner developing large-scale copper projects in DRC and Zambia (Kamoa-Kakula, Kipushi). Relevant as a senior copper peer in the same regional basin, with Kjeld Thygesen (Xtract NED) previously a director.
- First Quantum Minerals: Major global copper miner with significant Zambian Copperbelt operations including Sentinel and Kansanshi. Relevant as the buyer of Colin Bird's previous Kiwara copper asset and as the dominant incumbent in Xtract's core jurisdiction.
Emerging players
- Kilo Goldmines: Junior gold-copper explorer with projects in the DRC. Comparable in scale and African gold-copper exploration focus, though at an earlier stage of development.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Xtract Resources social profiles
Digital presenceXtract Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xtract Resources leadership team
Management profileNumber of profiles
Profiles4 records
Xtract Resources subsidiaries and ownership
Company hierarchySubsidiaries2 records
Xtract Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xtract Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xtract Resources
What does Xtract Resources do?
Xtract Resources PLC is a mineral exploration and development company that acquires, delineates, and develops mining projects producing copper, silver, gold, and antimony concentrates. The company operates through joint-venture partnerships and direct ownership in Zambia, Morocco, and Australia, selling mineral concentrates to industrial offtake buyers and commodity traders. Initial production commenced at the Silverking copper-silver project in Zambia in July 2026, with a flotation plant targeting 28 tonnes per hour throughput and 28% copper concentrate grade.
Is Xtract Resources a public or private company?
Xtract Resources is a public company. It is classified as public and is currently operating.
When was Xtract Resources founded?
Xtract Resources was founded in 2000. It employs 1 to 10 people.
Where is Xtract Resources based?
Xtract Resources is headquartered in London, United Kingdom, in the Europe region.
How does Xtract Resources make money?
Two revenue lines are on record. Mineral Sales are the primary driver. The others are joint Venture Returns.
Who are Xtract Resources's main competitors?
Direct peers on record are Arc Minerals, Beowulf Mining, Caledonia Mining, Hummingbird Resources, Central Asia Metals, SolGold and Alba Mineral Resources. Broad incumbents are Ivanhoe Mines and First Quantum Minerals. Kilo Goldmines is listed as an emerging player.
Does Xtract Resources have an API?
No public API is recorded for Xtract Resources.
What industry is Xtract Resources in?
Xtract Resources's product category is Mineral Exploration and Development. Its primary akta.pro industry code is IMAKADAA, Copper Exploration & Resource Development, with a secondary code of IMAKADAB, Copper Ore Mining (Open-Pit & Underground). Its NAICS code is 212230 and its SIC code is 1000.