CMET – Capital Metals PLC


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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Capital Metals plc is a United Kingdom-based mineral sands company. The Company is focused on exploring, developing, and producing high-grade mineral sands for the international market. The Company is focused on the development of the Eastern Minerals Project. The Eastern Minerals Project is located in the Eastern Province of Sri Lanka, approximately 220 kilometers (km) east of Colombo. The Project has a Joint Ore Reserves Committee (JORC) Resource of 17.2 Mt with an average grade of 17.6% Total Heavy Minerals (THM). The Company has the grant of an additional exploration license (EL) 430 to further extend the Eastern Minerals Project 12 km to the north, including the Oluvil Port. EL430 contains areas prospective for further mineral sands resources.

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