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capital mining ltd (CMY) Snapshot

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10/8/13 - A$0.01
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08/12/14 - A$0.0020
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capital mining ltd (CMY) Details

Capital Mining Limited is engaged in the exploration of mineral resource properties in Australia. It primarily explores for gold, copper, silver, lead, zinc, molybdenum, uranium, platinum, nickel, zirconium, niobium, yttrium, thorium, beryllium, lithium, gallium, rare earth elements, and various other base metals in New South Wales and South Australia. The company’s flagship project includes the Chakola Gold and Base Metals project covering approximately 66.4 square kilometers located in north of Cooma. Capital Mining Limited was founded in 2003 and is based in Rivett, Australia.

1 Employees
Last Reported Date: 09/30/13
Founded in 2003

capital mining ltd (CMY) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: A$238.6K
Compensation as of Fiscal Year 2013.

capital mining ltd (CMY) Key Developments

Capital Mining In Talks To Acquire Cambodian Copper/Gold Assets From Indochine Mining

Capital Mining Limited (ASX:CMY) is in talks regarding acquiring Cambodian copper/gold assets from Indochine Mining Limited (ASX:IDC). The company stated: “Discussions surrounding the acquisition are well-advanced, with the Company confident of finalising negotiations in June. However, as negotiations have not been finalized to date over a long period of time, the Board has formed the view it cannot guarantee that negotiations will be concluded in a timely manner and it is therefore appropriate for the Company's securities to be reinstated to trading.”

Capital Mining To Acquire New Projects

Capital Mining Limited (ASX:CMY) is looking to acquire new projects. At the Annual General Meeting held on November 29, 2013, shareholders passed a resolution to approve the issue of shares to raise up to AUD 3 million. Capital Mining intends to use the funds raised for the cost of the capital raising, general working capital purposes, exploration and expenditure on current and potential projects, acquisition of new projects and consultancy fees.

Capital Mining Limited, Annual General Meeting, Nov 29, 2013

Capital Mining Limited, Annual General Meeting, Nov 29, 2013.


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