Capital Limited Direct Investments Update (6970N)
01 Octubre 2021 - 1:00AM
UK Regulatory
TIDMCAPD
RNS Number : 6970N
Capital Limited
01 October 2021
FOR IMMEDIATE RELEASE
1 October 2021
Capital Limited
("Capital", the "Group" or the "Company")
Direct Investments Update
Capital (LSE: CAPD), a leading mining services company focused
on the African markets, today provides an update of its investment
holdings at the end of Q3 2021.
Capital reports its investment portfolio position within the
interim and full year results. However, returns through Q3 2021
have been significant relative to the size of the portfolio
announced in June. These returns are largely attributable to the
performance of two key portfolio holdings and have driven an
increase in the total investments value of approximately $23.2
million, taking the period end portfolio value to $54.2 million
from $31.0 million at 30 June 2021. This is comprised of a
combination of listed companies at the end of Q3 2021 ($44.8
million) and the end of June reported value of unlisted companies
($9.4 million).
-- Predictive Discovery (ASX: PDI) announced on 30 September
2021 its maiden resource for its Bankan Project of 72.8Mt @ 1.56
g/t for approximately 3.646 million ounces of gold. Capital last
reported holding of Predictive Discovery was 10.44% as disclosed on
19 July 2021;
-- Firefinch (ASX: FFX) recently announced a 50/50 joint venture
arrangement with leading lithium producer Jiangxi Ganfeng Lithium
Co. Ltd ("Ganfeng") for its Goulamina Lithium Project ("Goulamina")
whereby Ganfeng is to provide up to US$194 million of funding.
Capital's latest published holding of Firefinch was 2.1%[1];
-- Our direct investments, while themselves delivering
substantial gains, remain a component of Capital's business
development strategy, aligning the holdings with service
contracts;
-- The strong performance of the Company's listed investments,
if maintained, is expected to provide a material contribution to
group earnings;
-- Capital will give a further update on financial and
operational performance through Q3 2021 with the Q3 2021 trading
update on 13 October 2021.
- ENDS -
For further information, please visit Capital Limited's website
www.capdrill.com or contact:
Capital Limited +230 464 3250
Jamie Boyton, Executive Chairman investor@capdrill.com
Giles Everist, Chief Financial Officer
Conor Rowley, Investor Relations and Corporate Development
Manager
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Wyllie
Detlir Elezi
Tamesis Partners LLP +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Buchanan +44 20 7466 5000
Bobby Morse capital@buchanan.uk.com
James Husband
About Capital Limited
Capital Limited is a leading mining services company providing a
complete range of drilling, mining, maintenance and geochemical
laboratory solutions to customers within the global minerals
industry, focusing on the African markets. The Company's services
include: exploration, delineation and production drilling; load and
haul services; mining equipment hire and maintenance; and
geochemical analysis. The Group's corporate headquarters are in
Mauritius and it has established operations in Burkina Faso,
Cameroon, Côte d'Ivoire, Egypt, Guinea, Kenya, Mali, Mauritania,
Nigeria, Saudi Arabia and Tanzania.
[1] Investment holding as quoted in Firefinch's June 2021
quarterly report presentation
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END
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