The London-based Xtract Resources Company has announced it obtained a 10-year mining license for the Amghas antimony project in northwest Morocco, marking a major step toward near-term production.
In parallel, the Company has begun relocating existing processing plant infrastructure from Casablanca to Amghas, while Wildstone SARL (“Wildstone”), Xtract’s 80%-owned venture, finalizes documentation for a processing permit to install a gravity plant on site.
The gravity plant is the first phase of a broader regional processing strategy. It is expected to treat Amghas mine output and third-party small-scale miner ore initially, before supporting the planned development of a larger central flotation plant to process material from Amghas, the neighboring Ighoud mine and local small-scale miners.
The British Company CEO Colin Bird said: “The grant of the Amghas mining license and the rapid mobilization of processing infrastructure mark an important milestone for Xtract in Morocco. With rehabilitation work completed, encouraging resource evaluation and a 70,000 ton per annum gravity plant moving toward operation.”
“We believe Wildstone has a clear path to near-term antimony concentrate production. This will provide strong commercial proof for the viability of the planned larger flotation plant and our broader regional antimony strategy. We look forward to updating shareholders as development progresses,”, he added.
Xtract Resources Plc is mineral exploration and development company focused on discovering, acquiring, and advancing copper and critical battery metal projects. Xtract operates internationally, leveraging joint-venture partnerships to unlock value in stable mining jurisdictions.