Cape Lambert Resources Limited (ASX:CFE) is an Australian domiciled, fully funded, mineral development company. Cape Lambert has interests in several exploration and mining companies, providing exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver-zinc assets in Australia, Europe, Africa and South America.
Cape Lambert’s strategy is to acquire and invest in undervalued and/or distressed mineral assets and companies (Projects) and:
- improve the value of these Projects, through a hands on approach to management, exploration, evaluation and development; and
- retain long-term exposure to these Projects through a production royalty and/or equity interest.
Cape Lambert aims to deliver shareholder value by adding value to these undeveloped Projects. If Projects are converted into cash, the Company intends to follow a policy of distributing surplus cash to Shareholders.
Plans & Latest Developments:
- Cobalt-rich tailings dam 25km from Lubumbashi, DRC
- JVCo hold 70% interest (increasing to 80%)
- tailings dam.
- Metallurgical testing shows recoveries of 90% for copper and 85% for cobalt achievable
- Leaching plant detailed design commenced
- Production anticipated to commence Q2 2019
- Tailings will be processed through a newly built 1Mtpa acid leach plant adjacent to the existing flotation plant, designed to produce a mixed hydroxide precipitate (MHP) product
View the recently completed Engineering Study Report for the Kipushi Tailings project by Minnovo.
Kitwe Cobalt-Copper Project
- Tailings dam located in Zambian Copper belt containing 6.6Mt of tailings
- Samples collected from the tailings dam and assayed reported copper grades up to 0.93% and cobalt grades of up to 0.43%
- Metallurgical testwork programme to commence
- Optimisation of operational plan with opportunity for synergies
Why should investors invest in you?
Cape Lambert is a diversified mineral development company well positioned to deliver shareholder value through our Acquire, Add Value and Realise strategy.
Stock Exchange Listing:
Iron ore | Cobalt | Copper | Gold | Uranium | Lithium | Lead | Silver | Zinc
Stage of Development:
Countries of Operation:
Australia | Europe | Africa | South America
Board of Directors:
- Antony (Tony) Sage – Executive Director
- Timothy Paul Turner – Non-Executive Director
- Stefan Müller – Non-Executive Director
- Melissa Chapman – Chief Financial Officer and Company Secretary
- Jeff Hamilton – Manager of Development Projects
Cape Lambert Resources Limited (ASX:CFE) will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass.