CEB Resources has published its results for the year ended 30 April 2015. These show a loss in the period of US$ 122,000 with the NAV per share decreasing from 0.3 US cents in April 2014 to 0.2 US cents in April 2015. During the year, the company exited all of its coal investments in Poland and Australia and, at the year end, held only its base metal investments in Australia. However, subsequent to the year end, the company has embarked on a Indonesian oil and gas joint venture.
The year saw CEB realise a profit of US$851,000 on its holding in Carbon Investment (owner of the Mariola thermal coal project in Southern Poland) whilst an aeromagnetic survey flown at the Peelwood base metals project, in Australia, identified new drilling targets outside the existing ore zone (year end valuation has remain unchanged). Costs during the year amounted to US$303,000.
CEB Resources posts loss of US$122k : CEB