The Company is pleased to announce its Interim Results for the six-month period to 31 October 2024.
For further information please contact
Citius Resources Plc Cameron Pearce (Director) www.Citiusresources.co.uk Tel: +44 (0)1624 681 250 info@citiusresources.co.uk |
Tavira Securities Limited Jonathan Evans Tel: +44(0)20 7330 1833 Jonathan.evans@tavirasecurities.com
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Shard Capital Partners Damon Health Tel: +44(0)20 7186 9927 |
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Interim Management Report
Dear Shareholders,
I am pleased to present the interim accounts for the six-month period to 31 October 2024 for Citius Resources Plc. The Company is in the final stages with the UK Regulator of the acquisition of 100% of the issued shares in Harena Resources Pty Ltd (“Harena”) the 75% owner of the Ampasindava Rare Earths Project in Madagascar (the, “Acquisition”). Harena is an Australian domiciled company preparing to develop the 75% owned Ampasindava Rare Earths Project, which includes targeting the mining and processing of Ionic Clay material to extract Rare Earth elements to produce Mixed Rare Earth Carbonate or Mixed Rare Earth Concentrate.
The Acquisition will constitute a Reverse Take Over under the Listing Rules and accordingly, the company will apply for re-admission of its shares to the Official List and Main Market of the London Stock Exchange following an Extraordinary General Meeting.
I would like to thank all our shareholders for their patience and we look forward to finally applying for re-admission and moving the Ampasindava Rare Earths project forward.
Cameron Pearce
Chief Executive Officer