24 Oct Proactive – Cobre retracts Ngami Copper Project scoping study; work planned to progress to PFS stage
Cobre Ltd (ASX:CBE) advises that at the request of the ASX it has retracted its October 17 announcement titled “Scoping Study Reveals Exceptional Economics for Cobre’s Ngami Copper Project in Botswana”.
The ASX requested the announcement be retracted for “non-compliance with Listing Rules 5.15 and 5.17” and due to the production targets and forecast financial information in the announcement being based on exploration targets. The company advises that investors should not make any investment decision based on this information.