This week, Resource Investing News spotlights Cape Lambert Resources and Triton Minerals.
For investors focused on the resource space, a good way to track companies listed in Australia is to look at the S&P/ASX 300 (INDEXASX:XKO). The index includes all S&P/ASX 200 (INDEXASX:XJO) companies as well as about 100 smaller-cap companies, and as of April 2015 accounted for 74 percent of the Australian equities market. Specifically, the S&P/ASX 300 Metal & Mining (INDEXASX:XMM) division is a great source for companies to watch.
Australia-based exploration and development company Cape Lambert Resources has interests in projects across Australia, Africa, Europe and South America. The majority of its holdings are iron ore projects, but the company’s portfolio also includes copper and gold projects. Furthermore, Cape Lambert has interests in a range of other mining and development companies, and they give it exposure to lithium, uranium, manganese and mineral sands.
On April 30, Cape Lambert released its report for the first quarter of 2015. In it, the company highlights a decline in the global market for iron ore and outlines cost-cutting measures that will save the company $3.5 million per year. The board will continue to evaluate Cape Lambert’s strategy relative to changing market conditions.
Triton Minerals is a graphite-focused exploration company with holdings in Africa and Australia.The company’s main focus is its Balama North project, but most recently it released an announcement regarding mineralization at its Ancuabe project. Preliminary exploration shows the presence of high-grade graphite at the site, and the company intends to conduct further research in hopes of eventually demonstrating that economic quantities of large and jumbo flake graphite can be produced.
In addition to its graphite holdings, which also include the Balama South project, Triton has an interest in the Fraser Range North gold project at which there are surface gold anomalies.