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CZR Resources Ltd ( (AU:CZR) ) has provided an update.
CZR Resources Ltd announced that the Foreign Investment Review Board (FIRB) approval is the remaining condition for the Robe Mesa transaction with Miracle Iron Resources, with the deadline extended to February 28, 2025. While awaiting FIRB’s decision, CZR limited exploration activities to conserve cash and extended its loan facility to secure additional funds for future operations, highlighting the significance of the Robe Mesa transaction for its strategic operations.
More about CZR Resources Ltd
CZR Resources Ltd is a mineral exploration and development company based in Western Australia, focusing on iron ore, gold, and base metal projects. The company has five projects, all in joint ventures with Creasy Group, strategically located near infrastructure and rich in established mineral endowment. Its primary development asset is the Robe Mesa iron ore deposit, part of the Yarraloola project.
YTD Price Performance: -23.81%
Average Trading Volume: 96,308
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.69M
See more insights into CZR stock on TipRanks’ Stock Analysis page.
