Capital Metals PLC Industry Conference Presentation

RNS Number : 0994M

Capital Metals PLC

13 November 2024

 

13 November 2024

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Industry Conference Presentation

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), looks forward to engaging with potential offtakers and suppliers at the TZMI Congress, the key mineral sands industry event, in Kuala Lumpur this week. The Company's COO, Stuart Forrester, will be giving a presentation on how the Project's very high grades enable simplicity, lower capex and opex, higher recoveries, and a reduced environmental footprint. 

 

The key objective for the conference is to advance discussions on offtake agreements and prepayment arrangements to contribute to funding for the revised stage 1 capex plan. The Company intends to provide an update on operations in the near term, including progress in discussions with a leading global equipment supplier and engineering firm for the revised stage 1 plan, still targeting a production rate of 0.55 million tonnes per annum.

 

Investors can view an updated presentation titled "REDUCED CAPEX PLAN TO PRODUCTION" on the Company's website at: https://capitalmetals.com/our-investor-relations/presentations/.

 

Capital Metals will also be attending and presenting at Mines and Money @ Resourcing Tomorrow in London, 3-5 December 2024. The conference has over 2,000 registrants from the mining value chain, including global mining and energy companies, investors, government representatives, researchers, educators, regulators, suppliers, and operators. To find out more about Resourcing Tomorrow, including details on how to register, visit: https://resourcingtomorrow.com/.

 

No material new information is contained within the presentation.

 

For further information, please visit www.capitalmetals.com or contact:

 

Capital Metals plc Greg Martyr (Executive Chairman)	Via Vigo Consulting
Vigo Consulting (Investor Relations) Ben Simons / Peter Jacob	[phone] [e-mail]
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan / Adam Dawes	[phone]
Tavira Financial Jonathan Evans / Oliver Stansfield	[phone]

 

About Capital Metals

 

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.

 

Visit our website:

www.capitalmetals.com

 

Follow us on social media:

 

X (formerly Twitter): @MetalsCapital

LinkedIn: @Capital Metals plc

 

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