Cape Lambert ends sales agreement

CAPE Lambert Iron Ore’s share price slumped 25% this morning after the iron ore play ended an agreement with a Chinese investor for the $A240 million sale of 70% of its namesake magnetite project in Western Australia’s Pilbara.

Cape Lambert ends sales agreement Cape Lambert ends sales agreement Cape Lambert ends sales agreement Cape Lambert ends sales agreement Cape Lambert ends sales agreement

The company, which came out of a trading halt this morning, fell 14.5c to 44.

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