LONDON, March 23 (Reuters) - Australia-based mineral exploration company Cape Lambert Iron Plc (CLIO.L: Quote, Profile , Research) said on Friday it was in talks that may lead to a part disposal of its iron ore project, sending its shares up over 75 percent.
Shares in the group were up 76.3 percent at 25 pence by 1025 GMT, valuing the group at around 66.4 million pounds ($131 million).
The group said trading in its Australian-listed shares (CFE.AX: Quote, Profile , Research) had been halted for 48 hours.
http://investing.reuters.co.uk/news/articl...RT-DISPOSAL.XML
article on uk reuters, page-2
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