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Cape Lambert offloads namesake project for $400m

Chinese investment in Western Australia's iron ore sector has increased further, with Cape Lambert Iron Ore Ltd agreeing to sell its namesake project in the Pilbara to China Metallurgical Group Corporation for $400 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 31/05/19

1 year TSR5 year TSR
105thKalium Lakes40%
667thProspect Resources-56%14%
735thCape Lambert Resources-66%-28%
728 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

21/12/18
$16k Bought
19/10/18
$10k Bought
25/09/18
$11k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

61st↑Cape Lambert Resources$11.3m
68th↑Zeta Petroleum$4.1m
69th↑Kalium Lakes$4.1m
71st↑Pelican Resources$3.9m
72nd↑Prospect Resources$3.8m
484 listed resources companies ranked by revenue.
Source: Morningstar

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