Resources company Cape Lambert Resources has appointed investment banker Canaccord Genuity as financial advisor on its strategic options, including advising on discussions around the potential monetisation of current assets including the advanced Marampa iron ore project in Sierra Leone.

Cape Lambert advised that it is undertaking this review, with the support of Canaccord Genuity, as a result of the number of unsolicited approaches to the company in recent months.

The company highlighted that it views the review as an opportunity to assist with significant value uplift for its existing shareholders, given the substantial difference between the net tangible asset value of the company and the market capitalisation.

Cape Lambert noted that it has engaged in discussions with third parties around a range of potential corporate and strategic transactions, with a number of parties currently conducting due diligence on various assets and projects.

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