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Cape Lambert Resources director extends holding with on-market share purchase

Non-executive director Stefan Müller has this week purchased 500,000 shares and now holds 3.5 million shares.

Cape Lambert Resources Ltd - Cape Lambert Resources director extends holding with on-market share purchase
Cape Lambert is transforming into an institutionalised listed portfolio company

Cape Lambert Resources Limited (ASX:CFE) non-executive director Stefan Müller has demonstrated his support for the company by purchasing shares on-market.

On August 15, Europe-based Müller purchased 500,000 shares and now holds 3.5 million.

Cooperation with DGWA

This comes as Cape Lambert extends cooperation with DGWA, a leading European boutique investment and financial markets consulting firm for national and international SMEs, of which Müller is managing director.

Working closely with DGWA will enhance Cape Lambert’s strategy of becoming an institutionalised listed portfolio company, thereby providing a product for European investors to increase their resource exposure.

Focus on iron ore

As part of this strategy, the company is directing its focus to the Marampa Iron Ore Project in Sierra Leone which hosts a 680 million tonne resource at 28.2% iron.

This coincides with strong dynamics in the iron ore market and is supported by the advanced state of the project with a scoping study and test work completed as well as the presence of key rail and port infrastructure.

Quick facts: Cape Lambert Resources Limited

Price: 0.0045 AUD

ASX:CFE
Market: ASX
Market Cap: $4.97 m
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