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Cape Lambert sells NFX gold stake for $4m

14-March-06 by Edited announcement

Leederville-based junior miner Cape Lambert Iron Ore Ltd has sold its 16 per cent stake in Canadian gold company NFX Gold Inc. for $4.1 million.

The decision by Cape Lambert to divest its stake in NFX, as well as the proposed spin off of its gold assets, are intended to allow the company to concentrate its resources on the development of Cape Lambert Iron Ore project, located in the Pilbara region.

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