Xtract Resources holds an 80% interest in Moroccan based exploration and mineral development company Wildstone-SARL.
Wildstone has a significant exploration landholding in Central Morocco and is advancing small-scale mining opportunities for extraction of copper, silver and antimony. The majority of the exploration licences are valid until October 2026, pending any future renewals, and have received limited exploration to date.
In October 2025 Wildstone expanded its’ Moroccan-based licence portfolio with the acquisition of two additional prospective antimony licences, together known as the Amghas licences. The licences cover an area of 32km2 in the Khenifra Province of Morocco and host multiple high-grade antimony sulphide veins with recorded antimony grades exceeding 40% Sb which were last mined underground in the late 1950s. The former producing mine at Amghas displays several outcropping antimony sulphide veins and an extensive underground network of partially exploited mineralised structures.
It is anticipated that the projects will advance rapidly through the exploration phase and progress towards near-time small-scale production. Once production is underway, the projects will be further evaluated for their longer-term mining potential with the aim to develop one, or more JORC resources. Amghas will be central to preliminary exploration efforts and offers considerable potential for near-term development. The nature and density of antimony veins in and around Amghas supports a detailed evaluation of the site with a focus on the development of a preliminary resource estimate and mine plan, including previously overlooked distal vein mineralisation and lower grade and disseminated wallrock mineralisation.
Following any discovery, Wildstone intends that ore will be processed using basic equipment currently in use at similar sites in Morocco, and if deemed appropriate dependent on a larger discovery, a more sophisticated plant will be built that will be designed relative to the metallurgical characteristics and the size of the discovery.