Capital Metals plc (CMET) ORD GBP0.002

Capital Metals plc is a United Kingdom-based company engaged in exploring, developing, and producing high-grade mineral sands for the international market. The principal activity of the Company and its subsidiaries is the exploration and development of the Eastern Minerals Project located in the Ampara District of the Eastern Province of Sri Lanka. The Project is located in the Eastern Province of Sri Lanka, approximately 220 kilometers (km) east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is a highest-grade mineral sands project. The Project has a Joint Ore Reserves Committee (JORC) Resource of 17.2 metric tons (Mt) with an average grade of 17.6% total heavy minerals (THM). The Company has the grant of an additional exploration license, EL430, to further extend the Eastern Minerals Project 12 km to the north, including the Oluvil Port. EL430 contains areas prospective for further mineral sands resources.