RCS - Capital Metals PLC - Industry Conference Presentation

Capital MetalsAnnouncement

13/11/2024 10:30

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RNS Number : 0994M  Capital Metals PLC  13 November 2024

13 November 2024

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Industry Conference Presentation

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine
development stage at the high-grade Eastern Minerals Project in Sri Lanka (the
"Project"), looks forward to engaging with potential offtakers and suppliers
at the TZMI Congress, the key mineral sands industry event, in Kuala Lumpur
this week. The Company's COO, Stuart Forrester, will be giving a presentation
on how the Project's very high grades enable simplicity, lower capex and opex,
higher recoveries, and a reduced environmental footprint.

 

The key objective for the conference is to advance discussions on offtake
agreements and prepayment arrangements to contribute to funding for the
revised stage 1 capex plan. The Company intends to provide an update on
operations in the near term, including progress in discussions with a leading
global equipment supplier and engineering firm for the revised stage 1 plan,
still targeting a production rate of 0.55 million tonnes per annum.

 

Investors can view an updated presentation titled "REDUCED CAPEX PLAN TO
PRODUCTION" on the Company's website at:
https://capitalmetals.com/our-investor-relations/presentations/
(https://capitalmetals.com/our-investor-relations/presentations/) .

 

Capital Metals will also be attending and presenting at Mines and Money @
Resourcing Tomorrow in London, 3-5 December 2024. The conference has over
2,000 registrants from the mining value chain, including global mining and
energy companies, investors, government representatives, researchers,
educators, regulators, suppliers, and operators. To find out more about
Resourcing Tomorrow, including details on how to register, visit:
https://resourcingtomorrow.com/ (https://resourcingtomorrow.com/) .

 

No material new information is contained within the presentation.

 

For further information, please visit www.capitalmetals.com
(http://www.capitalmetals.com) or contact:

 

 Capital Metals plc                           Via Vigo Consulting

 Greg Martyr (Executive Chairman)
 Vigo Consulting (Investor Relations)         +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                     capitalmetals@vigoconsulting.com (mailto:capitalmetals@vigoconsulting.com)
 SPARK Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3550

 Neil Baldwin / James Keeshan / Adam Dawes
 Tavira Financial                             +44 (0)20 7100 5100

 Jonathan Evans / Oliver Stansfield

 

About Capital Metals

 

Capital Metals is a UK company listed on the London Stock Exchange (AIM:
CMET). We are developing the Eastern Minerals Project in Sri Lanka,
approximately 220km east of Colombo, containing industrial minerals including
ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade
mineral sands projects globally, with potential for further grade and resource
expansion. In 2022, a third-party Preliminary Economic Assessment provided a
Project NPV of US$155-235m based on existing resources, with further
identified optimisation potential. We are committed to applying modern mining
practices and bringing significant positive benefits to Sri Lanka and the
local community. We expect over 300 direct new jobs to be created and over
US$130m in direct government royalties and taxes to be paid.

 

Visit our website:

www.capitalmetals.com (http://www.capitalmetals.com)

 

Follow us on social media:

 

X (formerly Twitter): @MetalsCapital (https://twitter.com/MetalsCapital)

LinkedIn: @Capital Metals plc (https://uk.linkedin.com/company/capitalmetals)

 

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