25p by end of Q116 Feb 2022 07:30
Carl Esprey, Chief Executive Officer of Contango Holdings, said: "Shareholders will be aware that Garalo-Ntiela has proved to be considerably larger in terms of resource quantum than originally modelled by our team, presenting the Company with a significant opportunity. Given the potential scale of Garalo-Ntiela, the Company has benefited from heightened interest in the project by third parties. Whilst these discussions are at a relatively early stage, it certainly highlights the optionality we have with this project and the international interest which has been generated by our work so far.
"With our Lubu coking coal project in Zimbabwe remaining on track for first production at the end of the current quarter, it is a very exciting period for Contango and I look forward to updating the market on both projects due course."