Cradle Resources Limited (ASX: CXX) has been transformed into an international niobium development company through its ownership of a 50% interest in the Panda Hill Niobium Project in Tanzania, with the rights to acquire the balance. The acquisition makes CXX one of the few niobium developers in the world with the market tightly controlled by three large producers and 90% of the supply coming from Brazil. Recently Cradle has executed a binding agreement with Tremont Investments Limited (Tremont) to provide up to US$20 million (A$21.5 million) to earn up to 50% of the Panda Hill Niobium Project in Tanzania. Tremont is an African focussed mining platform backed by Denham Capital, a leading energy and resources global private equity firm. Pangea Exploration, advisors to Tremont, is based in South Africa and led by Rob Still. It is anticipated that the Definitive Feasibility Study for Panda Hill will be completed upon expenditure of about US$15 million, with any additional subscription going towards project development.
View Top Employees from Cradle Resources LimitedWebsite | http://www.cradleresources.com.au |
Ticker | CXX |
Revenue | $22000 |
Employees | 3 (2 on RocketReach) |
Founded | 2011 |
Address | Level 7, 1008 Hay Street, Perth, Western Australia 6000, AU |
Phone | +61 8 9322 6322 |
Fax | +61 8 9322 6558 |
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Industry | Mining, Metals & Mining General, Other Metals, Minerals and Mining, Metals & Mining, Natural Resources |
Web Rank | 12 Million |
Keywords | Panda Hill Niobium Project Feasibility Study, Panda Hill Tanzania Limited, Cradle Resources, Niobium Price |
SIC | SIC Code 108 Companies, SIC Code 10 Companies |
NAICS | NAICS Code 21 Companies, NAICS Code 21311 Companies, NAICS Code 213 Companies, NAICS Code 2131 Companies |
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The Cradle Resources Limited annual revenue was $22000 in 2024.
2 people are employed at Cradle Resources Limited.
Cradle Resources Limited is based in Perth, Western Australia.
The NAICS codes for Cradle Resources Limited are [21, 21311, 213, 2131].
The SIC codes for Cradle Resources Limited are [108, 10].