XTR

Xtract Resources PLC

Basic Resources First-pass screen £10m

280/1000 Overall fit

AI beneficiary 35% 28

Operating leverage 25% 25

Valuation 25% 30

Downside protection 15% 30

First-pass take

Exploration-stage miner with zero revenue, £814k operating loss in 2024, and no explicit AI exposure. Intangible assets (£7.6m) are speculative exploration rights. No market multiples available.

Flags

early-stage-explorationloss-makingcash-burnno-revenuecommodity-dependentno-valuation-dataspeculative-assets