- Mining company Xtract Resources said laboratory assays had confirmed high-grade copper mineralisation at the Racecourse deposit on the Bushranger copper-gold exploration project in Australia.

A new drill hole had intersected 184 metres at 0.51% copper equivalent from 204 metres.

'These results support our plans to design and develop an open pit in the Racecourse porphyry region,' executive chairman Colin Bird said.

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