Capital Metals (“CMET”) released an updated Mineral Resource Estimate (“MRE”) for the Initial Mining Area (“IMA”) at its Taprobane mineral sands project in Sri Lanka. The IMA Resource has increased to 13.1Mt at a 5.5% heavy mineral (“HM”) grade using a 2% cut-off grade from 897kt at 17.9% using a 5% cut-off in the 2016 MRE, representing a 4.5x uplift in contained HM. Without lowering the cut-off, the contained HM would still have increased 2.8x (with 4.3Mt at 10.5%). This update is only focused ....
