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Fe Limited receives cash from exercise of options

Strong share price performance over recent months means the options are in-the-money.
signing that says funding
Shares in the company have doubled since November 2017

Fe Limited (ASX:FEL) will receive cash from the exercise of 1.25 million options priced at $0.03.

The options were due to expire 30 November 2018.

READ: Fe appoints experienced Bouchart as general manager of Kasombo copper-cobalt project

The company is focused on the Kasombo Copper-Cobalt Project located in the Democratic Republic of Congo.

Kasombo contains three mineralised areas within two granted mining licenses.

Fe Limited's objectives are to complete a feasibility study on Kasombo within 18 months and commence mining activities as soon as practical.

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