We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cape Lambert | LSE:CLIO | London | Ordinary Share | AU000000CFE0 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 0569J Cape Lambert Iron Ore Limited 27 November 2008 27 November 2008 CAPE LAMBERT IRON ORE LIMITED Market Update Australian domiciled iron ore company, Cape Lambert Iron Ore Limited ("Cape Lambert" or the "Company") (ASX: CFE, AIM: CLIO) is pleased to provide the following market update on its activities. Cape Lambert South (100% interest) The Company commenced an initial drilling program at its Cape Lambert South Project, which is located in the coastal Pilbara region of Western Australia, in late October 2008. This initial drilling program, which comprises 19 reverse circulation ("RC") and 2 diamond holes for a total advance of approximately 4,000 metres, has been designed to confirm the presence and extent of magnetite iron mineralisation. To date, the Company has completed eight (8) RC drill holes for a total advance of approximately 1,620m. The program remains on schedule and is expected to be completed in mid to late December 2008. Notwithstanding the current pull back in drilling activities by resource companies, assay laboratories are still working through the prior back log with current Davis Tube Recovery test work turnarounds in the order of two (2) months. Consequently, the Company does not expect to release results from this initial drilling program until after the Christmas period. Marampa Iron Ore Project (30% interest & Manager) The Company notes African Mineral Limited's ("African Minerals") (AIM: AMI) announcement dated 21 November 2008 (note) in respect of London Mining plc ("London Mining") withdrawing its application before the High Court of Sierra Leone, for an injunction against African Minerals in respect of a dispute regarding the extent of Marampa Exploration Licence (EXPL 09/06). The Company was not a party to the London Mining action, but is pleased that this matter between African Minerals and London Mining now appears to be resolved. Power United Limited Shareholding The Company also wishes to advise that it was recently served with a Freezing Order granted by the Supreme Court of Western Australia on 31 October 2008 in respect of Power United Limited's ("Power") 50,000,000 Cape Lambert shares (equating to 9.87% of the Company). As a result of the Freezing Order, Power is restricted from dealing with any shares or options in Cape Lambert or any rights attaching to such shares or options. Power is also required to pay into Court all amounts received in its capacity as the registered holder of any Cape Lambert shares, including, but not limited to, payments of dividends and payments by way of returns or capital. Cape Lambert is not a party to the action and is not involved other than it was served with a copy of the Freezing Order, along with Computershare (Cape Lambert's share registry). The Company is also required by the Freezing Order to deliver the cheque for the payment of the recent dividend and return of capital to a receiver appointed by the Court. A full version of this announcement, including a figure, is available at www.capelam.com.au. Note: A full copy of the African Mineral's announcement can be viewed at http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=20278 34&source=RNS For more information please contact: Cape Lambert Iron Ore Limited: Tony Sage +61 (0)8 9380 9555 Australian Enquiries: Professional Public Relations David Tasker +61 (0)8 9388 0944/ +61 433 112 936 UK Enquiries: Nominated Adviser: Grant Thornton UK LLP Fiona Owen +44 (0)20 7383 5100 AIM Broker: Collins Stewart Europe Limited Adrian Hadden +44 (0)20 7523 8353 Conduit PR: Jos Simson +44 (0)20 7429 6603/+44 (0)7899 870 450 Jane Stacey +44 (0)20 7429 6606 Website: www.capelam.com.au This information is provided by RNS The company news service from the London Stock Exchange END DRLBRBPTMMTTMTP
1 Year Cape Lambert Iron Ore Chart |
1 Month Cape Lambert Iron Ore Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions