Dec 2020 Half Year Report
Sydney, Mar 1, 2021 AEST (ABN Newswire) - During the half year to 31 December the company experience a loss of $346,555. The Board and management continued to review operations and operate the business as efficiently and effectively as possible and during the half year expense management became a priority and costs were reduced.
The likely developments and expected results of operations will be dependent on the continued exploration activities at the company's areas of interest. As announced on 23 April 2020 and subsequent to the end of the financial year, the company has entered into a Share Sale Agreement with respect to its wholly owned subsidiary and will receive 25 million shares in Blencowe Resources Plc (Blencowe). The expected results of the company's operations will also be dependent on the share price performance of Blencowe.
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About Consolidated Africa Limited
Consolidated Africa Limited (NSX:CRA) is a management team skilled in the evaluation, procurement and advancement of mineral projects, which has a primary focus in the field of mining exploration and advancement of mineral deposits.
