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The latest announcement is out from CZR Resources Ltd ( (AU:CZR) ).
CZR Resources Ltd has completed the sale of its interest in the Robe Mesa Iron Ore Project, receiving approximately $70.49 million in cash. This transaction allows CZR to be debt-free and retain around $65 million post-tax, which will be used to fund exploration and development of its remaining projects in Western Australia. The sale is seen as a successful outcome for shareholders, enabling the company to focus on its highly prospective assets and explore new opportunities.
More about CZR Resources Ltd
CZR Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include iron ore, gold, and copper, with significant projects such as the Croydon gold project, Buddadoo copper project, and Yarraloola iron ore tenements. The company is also involved in the proposed Ashburton Link port development.
Average Trading Volume: 114,778
Technical Sentiment Signal: Buy
Current Market Cap: A$64M
See more data about CZR stock on TipRanks’ Stock Analysis page.