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 the DRC and it now will significantly boost the next phases of the project, including financing.
Cape Lambert also added about 25,000 tonnes of zinc to the Kipushi cobalt-copper resource, aiming to reduce overall project costs due to strong zinc prices of $12,000-$15,000 a tonne.
