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Cape Lambert Resources director buys one million shares on-market

The purchase demonstrates support for the company's copper-cobalt production strategy.

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The company also recently secured $7.5 million in financing

Cape Lambert Resources Ltd’s (ASX:CFE) non-executive director Stefan Muller has purchased one million shares in the company through on-market trades.

The former investment banker has increased his total shareholding in the company to three million shares.

Muller purchased the shares for 1.6 cents each.

READ: Cape Lambert Resources close to securing EPCF provider to build cobalt-copper project for free

Cape Lambert aims to fast-track its Kipushi Cobalt-Copper Tailings Project into production in the Democratic Republic of Congo.

Earlier this month, Cape Lambert took a step towards production with the strong possibility of securing an EPCF provider to fund and develop the project.

Quick facts: Cape Lambert Resources Limited

Price: 0.004 AUD

ASX:CFE
Market: ASX
Market Cap: $4.42 m
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Cape Lambert Resources posts maiden JORC resource for Kipushi Cobalt-Copper...

Cape Lambert Resources Ltd (ASX:CFE) executive director Tony Sage updates Proactive Investors on the company's maiden JORC-compliant resource for its Kipushi Tailings Project in the Democratic Republic of Congo.   Sage says the maiden resource "validates" the company's entry into...

on 8/5/19

2 min read