The pending news could be a major catalyst for the company.
() has been granted a trading halt by the ASX pending the release of information regarding a major financing facility as well as a US$500,000 payment.
The US$500,000 payment is to La Patience SPRL and is related to the company’s Kipushi Cobalt-Copper Tailings Project.
Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Wednesday 29 May 2019.
Cape Lambert aims to reprocess cobalt-copper tailings contained in the Kipushi Tailings Storage Facility (Kipushi TSF).
Earlier this month, a maiden JORC resource was estimated over about half of the Kipushi TSF.
The maiden copper-cobalt tailings resource amounts to 2.3 million tonnes at 0.33% cobalt and 1.0% copper.
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