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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Cape Lambert Resources Limited    CFE   AU000000CFE0

CAPE LAMBERT RESOURCES LIMITED

(CFE)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/16
0.009 AUD   -18.18%
10/11CAPE LAMBERT RESOURCES : Placement closes well oversubscribed
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10/11CAPE LAMBERT RESOURCES : Becoming a substantial holder
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10/07CAPE LAMBERT RESOURCES : Appendix 2A
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Cape Lambert Resources : Annual Report

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09/30/2020 | 06:15am EDT

ANNUAL REPORT 2020

Advancing undervalued mineral assets

ANNUAL REPORT 2020

CONTENTS

Corporate Directory

1

Principal Activities and Review of Operations

2

Directors' Report

6

Auditor's Independence Declaration

18

Corporate Governance Statement

19

Consolidated Statement of Profit or Loss and Other Comprehensive Income

20

Consolidated Statement of Financial Position

21

Consolidated Statement of Changes in Equity

22

Consolidated Statement of Cash Flows

23

Notes to the Consolidated Financial Statements

24

Directors' Declaration

67

Independent Auditor's Report

68

Additional Stock Exchange Information

73

ANNUAL REPORT 2020

CORPORATE DIRECTORY

Directors

Bankers

Mr Terry Donnelly - Non-Executive Chairman

National Australia Bank

Mr Tony Sage - Executive Director

100 St George's Terrace

Mr Tim Turner - Non-Executive Director

Perth, WA 6000

Company Secretary

Auditors

Ms Melissa Chapman

BDO Audit (WA) Pty Ltd

38 Station Street

Stock Exchange Listing

Subiaco, WA 6008

Australian Securities Exchange

Tel: +61 8 6382,4600

ASX code: CFE

Fax: +61 8 6382 4601

Website

Share Registry

www.capelam.com.au

Computershare Investor Services Pty Limited

Level 11

Country of Incorporation

172 St Georges Terrace

Australia

Perth, WA 6000

AUSTRALIA

Registered Address

Tel: 1300 85 05 05 (Australia)

32 Harrogate Street

+61 3 9415 4000 (Overseas)

West Leederville, WA 6007

Australia

Tel: +61 8 9380 9555

1

ANNUAL REPORT 2020

PRINCIPAL ACTIVITIES AND REVIEW OF OPERATIONS

Marampa Project

Marampa is an iron ore project at the development stage, and is located 90 km northeast of Freetown, Sierra Leone, West Africa (Marampa or Marampa Project) (Figure 1). The Marampa Project comprised one mining licence (ML05/2014) comprising 97.40km2 and one exploration licence (EL46A/2011) comprising 145.86km2.

Figure 1: Regional Map showing the Company's Assets in Sierra Leone

ML05/2014

In 2014, Marampa Iron Ore (SL) Limited (Marampa SL), a wholly owned subsidiary of Cape Lambert was granted the mining and environmental licences for ML05/2014 (together the Mining Licence). The Company has spent circa US$62.7m on exploration and development to date on the Marampa Project.

In September 2018, Marampa SL received a letter from the Sierra Leone Ministry of Mines (SLMOM) cancelling the Mining Licence. In 2018, Marampa SL commenced legal action in Sierra Leone to challenge SLMOM's decision to cancel the Mining Licence ML05/2014, however, the Board has agreed to place legal action against the SLMOM on hold.

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cape Lambert Resources Ltd. published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 09:14:09 UTC


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Financials
Sales 2020 0,32 M 0,23 M 0,23 M
Net income 2020 -1,53 M -1,08 M -1,08 M
Net Debt 2020 2,24 M 1,57 M 1,57 M
P/E ratio 2020 -1,54x
Yield 2020 -
Capitalization 36,0 M 25,3 M 25,3 M
EV / Sales 2019 38,9x
EV / Sales 2020 17,6x
Nbr of Employees 54
Free-Float 92,5%
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Income Statement Evolution
Managers
NameTitle
Antony William Paul Sage Executive Chairman
Melissa Kate Chapman Chief Financial Officer & Secretary
Timothy Paul Turner Independent Non-Executive Director
Eloise von Puttkammer Head-Investor Relations
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