Contango Holdings Sees Promising Developments at Muchesu Project

Contango Holdings Plc (GB:CGO) has released an update.

Contango Holdings Plc is advancing its Muchesu coal project in Zimbabwe with significant investments, including the near-completion of a Dense Media Separation Plant expected to start production in November. The company anticipates lifting its temporary suspension from the London Stock Exchange following the publication of its 2024 Annual Report, boosting investor confidence. The first royalty payment from the project is expected by the end of the year, signaling positive growth prospects.

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