Cradle Resources Limited (ASX: CXX) has been transformed into an international niobium development company through its ownership of a 50% interest in the Panda Hill Niobium Project in Tanzania, with the rights to acquire the balance. The acquisition makes CXX one of the few niobium developers in the world with the market tightly controlled by three large producers and 90% of the supply coming from Brazil.
Recently Cradle has executed a binding agreement with Tremont Investments Limited (Tremont) to provide up to US$20 million (A$21.5 million) to earn up to 50% of the Panda Hill Niobium Project in Tanzania. Tremont is an African focussed mining platform backed by Denham Capital, a leading energy and resources global private equity firm. Pangea Exploration, advisors to Tremont, is based in South Africa and led by Rob Still. It is anticipated that the Definitive Feasibility Study for Panda Hill will be completed upon expenditure of about US$15 million, with any additional subscription going towards project development.
Company Details
- Employees
- 1
- Founded
- -
- Address
- Level 7, 1008 Hay Street,australia
- Phone
- 61893892000
- ad****@****.com.au
- Industry
- Mining
- NAICS
-
Mining (except Oil and Gas)
- Website
- cradleresources.com.au
- Keywords
- Melbourne.
- HQ
- Perth, WA
Cradle Resources Limited Questions
Cradle Resources Limited's helpline number is 61893892000
Cradle Resources Limited's website is cradleresources.com.au
Cradle Resources Limited's LinkedIn profile is https://au.linkedin.com/company/cradle-resources-limited
Cradle Resources Limited has
1 employees.
View email and phone details for 1
employees at Cradle Resources Limited.
Cradle Resources Limited's industry is
Mining
Cradle Resources Limited's top competitors are
Raging Bull Group,
Black Rock Mining Ltd,
Graphitehub,
Future Metals Nl,
Sweetwater Private Equity,
Apollo Group,
Odyssey Gold,
Primary Gold Ltd,
Future Element,
Frontier Energy Limited.
Cradle Resources Limited's support email address is admin@cradleresources.com.au
Cradle Resources Limited's categories are Mining
Cradle Resources Limited's founding year is 2011
