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ASX Announcement
17 May 2016
Sale of 20% interest in Central African Resources Ltd
Australian resource and investment company, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) is pleased to announce that it has sold its 20% interest in Central African Resources Ltd (CAR) for approximately $AUD550,000. Cape Lambert held 20% of CAR which has iron ore tenements in Gabon.
Cape Lambert Executive Chairman, Mr Tony Sage, said "This transaction has enabled the Company to increase it's cash reserves as well as reducing our exposure to iron ore given the current state of that market."
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver- zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares 720,686,586
Unlisted Options
7,675,000 ($0.088 exp 18 Dec 2016)
Board of Directors
Tony Sage Executive Chairman
Tim Turner
Non-executive Director
Jason Brewer
Non-executive Director
Melissa Chapman Company Secretary
Cape Lambert Contact
Investor Relations Phone: +61 8 9380 9555
Email: [email protected]
Australian Enquiries
Professional Public Relations David Tasker
Phone: +61 8 9388 0944
Mobile: +61 433 112 936
Email: [email protected]
www.capelam.com.au
Cape Lambert Resources Limited ABN 71 095 047 920
Corporate - 32 Harrogate Street, West Leederville WA 6007