CZR Resources Ltd (AU:CZR) has released an update.
CZR Resources Ltd is advancing the sale of its 85% stake in the Robe Mesa Iron Ore Project to Miracle Iron for $102 million, with regulatory approvals from Chinese authorities secured and FIRB clearance pending. The company is also actively progressing with site activities at Robe Mesa and gearing up for exploration at its Croydon Gold and Buddadoo VTM projects. Meanwhile, CZR continues to manage its cash reserves, with $0.6 million on hand and a loan facility extension to support ongoing developments.
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