Resource hike at Cape Lambert

Companies: CLIO

30/01/2008

Drilling at Western Australia-based Cape Lambert Iron Ore suggests a 59 per cent inferred ore resource upgrade to 1.5 billion tonnes.

The AIM-quoted company says 979 million tonnes of this are indicated resources, grading 31.2 per cent, with further prospects to the North East, South East and South. Shares in Cape Lambert nearly trebled last Spring to 31.25p before moving lower. Speculative.

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Robert Tyerman

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Cape Lambert Iron Ore Ltd.	AIM	£39.28m	7.75p	-0.25p
Click here for interactive charting
Other company articles:
Cape Lambert on the prowl			23/10/2008
Cape Lambert in £38m Timis deal			01/09/2008
Chinese deal for Aussie miner			25/02/2008
Resource hike at Cape Lambert			30/01/2008
Robert Tyerman’s Exploration Insights			15/05/2006

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