Cassius Mining Limited
CMD: Annual Report to shareholders
Cassius Mining Limited's annual report highlights a substantial JORC 2012 compliant Mineral Resource Estimate for its Soalara Limestone Project in Madagascar, which has attracted interest from major international steel producers. The company also provided an update on its international arbitration against the Government of Ghana, with a damages claim of approximately USD521 million. Despite these developments, the company reported a significant loss and net liabilities, leading to material uncertainty about its ability to continue as a going concern, necessitating further external funding.