viewCape Lambert Resources Ltd

Cape Lambert Resources in trading halt ahead of major financing facility

The pending news could be a major catalyst for the company.

asx electronic board
Shares in the company last traded at 1 cent before going into halt

Cape Lambert Resources Ltd (ASX:CFE) has been granted a trading halt by the ASX pending the release of information regarding a major financing facility as well as a US$500,000 payment.

The US$500,000 payment is to La Patience SPRL and is related to the company’s Kipushi Cobalt-Copper Tailings Project.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Wednesday 29 May 2019.

READ: Cape Lambert Resources maiden resource has contained metal value close to $1 billion

Cape Lambert aims to reprocess cobalt-copper tailings contained in the Kipushi Tailings Storage Facility (Kipushi TSF).

Earlier this month, a maiden JORC resource was estimated over about half of the Kipushi TSF.

The maiden copper-cobalt tailings resource amounts to 2.3 million tonnes at 0.33% cobalt and 1.0% copper.

Quick facts: Cape Lambert Resources Ltd

Price: 0.002 AUD

Market: ASX
Market Cap: $2.51 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cape Lambert Resources Ltd named herein, including the promotion by the Company of Cape Lambert Resources Ltd in any Content on the Site, the...



Cape Lambert seeing ‘extreme’ interest from potential offtakers for Kipushi...

Tony Sage, executive chairman for Cape Lambert Resources Ltd (ASX:CFE) speaks to Proactive Investors from Mines and Money Asia, where he says sentiment is buoyant on cobalt. The company recently acquired two synergistic cobalt copper tailings projects, in the Democratic Republic of Congo...

on 6/4/18

2 min read