Capital Mining : Company Update ( 301 KB )

Capital Mining LimitedASX: CMY

Level 11, 216 St Georges Tce

Perth WA 6000

Telephone [phone]

Fax [phone]

www.capitalmining.com.au

Directors

Mr Robert Crossman Mr Peter Torney

Mr Anthony Dunlop

Company Secretary

Mrs Elizabeth Hunt

ASX Release

16 November 2017

SUSPENSION UPDATE

Capital Mining Limited (ASX: CMY) (Capital or the Company) refers to the request for voluntary suspension granted by ASX on 14 August 2017 pending an update on Capital Cannabis Limited (CCL).

The Directors of Capital have undergone a comprehensive review of the business case, investment opportunities and risks associated with CCL.

The Company has received a notice of resignation from Cameron McDonald-Stuart as a Director of CCL, for personal reasons.

The Company has made the decision to discontinue medical cannabis investment opportunities and is now finalising an exit from this business unit.

Capital anticipates the exit of CCL activities to be completed shortly, with an announcement made on or before 27 November 2017, which is expected to end the period of suspension.

The Company confirms that it has a clear focus on its core exploration activities, including further investment in base metal and mineral projects, in particular, Gold, Lithium and Cobalt.

ENDS

Robert Crossman Chairman

About Capital Mining Limited

Capital Mining Limited (ASX: CMY) is an active ASX listed junior mineral resources company focused on the acquisition and exploration of key, demand driven commodities. Its project portfolio includes cobalt and lithium prospective assets in Western Australia and lithium in the Republic of Ireland, plus gold and base metals projects in New South Wales.