Wednesday, September 27th 2023

Capital Metals PLC

keep up to date with the latest news

Date

Right time, Right place for Capital Metals PLC

 

“…A wise decision for Capital Metals to come to market as another commodity super-cycle is predicted…”

 

The Eastern Minerals Project in Sri Lanka was presented to a wider investor audience in January 2021 when Capital Metals reverse listed onto an AIM market increasingly appreciative of a resource sector ripe for investment.

The company’s high grade minerals sand project is located in Sri Lanka, approximately 220 km east of Colombo and critically close to a port that gives Capital a unique selling point of pre-existing infrastructure.

A JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals makes the project one of the highest-grade deposits in the global peer group. Additional USP’s include years of engagement with the local community, a commitment to environment, social and corporate (ESG) governance and Executive Chairman and soon-to-be Chief Executive Michael Frayne says there’s no offtake until the ESG credentials are entrenched into the project’s DNA.

Frayne is confident the project capex is low quoting US $35 million, construction targeted to commence in Q4 2021 with first production in 2022 and a mine life that could extend beyond the projected nine years.

He tells Sarah Lowther about ongoing offtake discussions, his ambition to return money and give dividends to investors within two years, and why he believes the project could yield even more.

Click here to access Capital Metals’ corporate presentation

Read the Reuters article about the dawn of a new commodity supercycle

The author was remunerated but does not hold shares in the company

More
articles