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Cradle Resources Limited
ASX Code
CXX
Sector
Materials
Investor Centre
http://www.cradleresources.com.au/asx-announcements/
Website
http://www.cradleresources.com.au/
About
Cradle Resources owns 50% of the world class niobium deposit "Panda Hill" in Tanzania. The niobium market is tightly controlled by 3 large producers. Cradle's holding of Panda Hill sets it on track to be the first new niobium producer in 40 years. The demand for niobium remains high due to its use in the production of quality steel.