{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Capital Metals (AIM:CMET) - Major Backing for Flagship High-Grade EMP in Sri Lanka, PFS by 2025","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/cc49b320\"></iframe>","width":"100%","height":180,"duration":1634,"description":"Interview with Gregory Martyr, Executive Chairman of Capital Markets PLCOur previous interview: https://www.cruxinvestor.com/posts/capital-metals-aimcmet-high-grade-long-life-mineral-sands-resource-5310Recording date: 16th May 2024Capital Metals (AIM:CMET) presents a compelling investment opportunity in the high-growth mineral sands sector. The company's flagship Eastern Minerals Project (EMP) boasts a large, high-grade resource in Sri Lanka with substantial expansion potential. With a strategic partnership with experienced developer Sheffield Resources and a clear path to production, Capital Metals is well-positioned to create significant value for shareholders.The key attraction of Capital Metals is the quality and scale of the Eastern Minerals Project. EMP hosts a 17 million tonne JORC resource at a high grade, outcropping from surface along a 60km strike. Remarkably, the current resource only covers 10-20% of the company's total tenement holdings, highlighting the immense upside potential. Executive Chairman Gregory Martyr believes the resource could easily triple in size with further drilling, making it a district-scale mineral sands opportunity.Capital Metals is fast-tracking EMP towards production, with a Pre-Feasibility Study (PFS) underway and targeted for completion in early 2025. The company aims to make a Final Investment Decision shortly after, putting it on track for first production in 2026 at an initial rate of 650ktpa. EMP benefits from a low cost, simple mining and processing route, with a plan to produce a heavy mineral concentrate from surface mining and mobile wet concentration plants.The project is strategically located near the Oluvil Port in eastern Sri Lanka, providing a simple logistics pathway to market. While the port requires dredging to accommodate larger vessels, it provides a low-capex solution for the early years of operation. Capital Metals is also evaluating other potential logistics options as production grows, including access...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}