Capital Metals PLCLSE Capital Metals Stock Report

Capital Metals Plc engages in the cultivation of oil palms for the production and associated products in Liberia. The firm is focused on exploring, developing, and a producer of high-grade mineral sands for the international market. The firm is focused on the development of the Eastern Minerals Project in Sri Lanka. The Company’s Eastern Minerals Project is located in the Eastern Province of Sri Lanka, approximately 220 kilometers east of Colombo. The Project has a Joint Ore Reserves Committee (JORC) Resource of approximately 17.2 metric tons (Mt) with an average grade of 17.6% Total Heavy Minerals (THM). The firm has the grant of an additional exploration licenses (EL) 430 to further extend the Eastern Minerals Project over 12 kilometers to the north, including the Oluvil Port. EL430 contains areas prospective for mineral sand resources.