Xtract Resources

In Chile, Xtract develops the Chépica gold and copper mine. As of November 2015, gold reefs have been discovered at Salvadori and Colin prospects, while the development of the Chepica prospect had reached a depth of 90 metres (300 ft).[15] The full ownership of the project would transferred to Xtract by December 2016.[16] Together with Mineral Technologies International, Xtract develops the Fair Bride open pit project, a part of the Manica gold licence in Mozambiue.[14][17]

In South Africa, Xtract has exclusive rights to acquire the O'Kiep and Carolusberg copper sulphide dump projects.[16] Located within 30 kilometres (19 mi) of Springbok, Northern Cape, with 33.8 million tonnes of sulphide copper tailings material on surface, the priority is to carry out drilling, sampling and metallurgical work in order to commission a feasibility report. According to the agreement with a copper producer Shirley Hayes IPK Pty Ltd, Xtract has rights to evaluate the Concordia project copper dumps in Southn Africa, including of 182,000 tonnes of copper oxide material on surface.[18]

Elko Energy Inc, a wholly owned by Xtract Energy, is a Canadian registered oil and gas exploration company which had exploration and production activities in North Sea.[19][20] The company owned a 33% stake in license for the North Sea blocks 1/11 and 02/05 (Luna probe), other partners being Noreco and the Danish North Sea Fund.[21] The license was relinquished the attempt to find petroleum was unsuccessful.[22] In the Dutch sector of the North Sea, the company had rights for 5% of royalties from the Chevron-operated block P2-10.[23]

Through Zhibek Resources, Xtract was involved in oil and gas activities in Kyrgyzstan, including an exploration of the Tash Kumyr licence area and development of the Beshkent–Togap oil field.[9][24][25] Through the shareholding in MEO Australia Ltd, Xtract was involved in Tassie Shoal Methanol Project and Timor Sea LNG and GTL projects.[5] Through Extrem Energy, it was engaged in the development of the offshore fields at the Gulf of Çandarlı and the Sea of Marmara, and onshore fields of Edirne, Siraseki, and Alasehir/Sarakiz in Turkey.[26]

Through Xtract Oil, the company developed the 709-square-kilometre (274 sq mi) Julia Creek oil shale concession area in Queensland, and oil shale deposits in New Zealand. In 2013, Xtract Oil was transferred to the Global Oil Shale Group.[10][27] To extract oil from the Julia Creek oil shale resource, the Galoter process was proposed.[27] At the same time, Xtract Technologies, a subsidiary of Xtract Oil, developed a supercritical solvent shale oil extraction technology which is a type of the donor solvent technology. In this process, oil shale would be processed in enclosed vessels in the presence of hydrogen solvents. The company claimed that the process would be carried out at moderate temperatures that do not liberate carbon dioxide.[28] Through a 70% stake in Xtract Energy (Oil Shale) Morocco SA, a joint venture with Alraed of Saudi Arabia, Xtract Energy evaluated an oil shale deposit near Tarfaya, Morocco.[29]

Xtract Energy had 19.4% in Wasabi Energy, which through its subsidiaries was involved in uranium, geothermal and coal activities.[19]