# Capital Ltd report significant returns through Q3 2021

- Link: https://www.directorstalkinterviews.com/capital-ltd-report-significant-returns-through-q3-2021/4121025980
- Published: 2021-10-01T07:26:02+01:00
- Author: Giles

**Capital Ltd** ([LON:CAPD](https://www.directorstalkinterviews.com/company/capital-drilling-ltd/capd.l)),
a leading mining services company focused on the African markets, has today provided
an update of its investment holdings at the end of Q3 2021. 

Capital reports its investment portfolio position within the interim and full year
results. However, returns through Q3 2021 have been significant relative to the 
size of the portfolio announced in June. These returns are largely attributable 
to the performance of two key portfolio holdings and have driven an increase in 
the total investments value of approximately $23.2 million, taking the period end
portfolio value to $54.2 million from $31.0 million at 30 June 2021. This is comprised
of a combination of listed companies at the end of Q3 2021 ($44.8 million) and the
end of June reported value of unlisted companies ($9.4 million).

· Predictive Discovery (ASX: PDI) announced on 30 September 2021 its maiden resource
for its Bankan Project of 72.8Mt @ 1.56 g/t for approximately 3.646 million ounces
of gold. Capital last reported holding of Predictive Discovery was 10.44% as disclosed
on 19 July 2021;

· Firefinch (ASX: FFX) recently announced a 50/50 joint venture arrangement with
leading lithium producer Jiangxi Ganfeng Lithium Co. Ltd for its Goulamina Lithium
Project whereby Ganfeng is to provide up to US$194 million of funding. Capital’s
latest published holding of Firefinch was 2.1%^([1]);

· Our direct investments, while themselves delivering substantial gains, remain 
a component of Capital’s business development strategy, aligning the holdings with
service contracts;

· The strong performance of the Company’s listed investments, if maintained, is 
expected to provide a material contribution to group earnings;

· Capital Ltd will give a further update on financial and operational performance
through Q3 2021 with the Q3 2021 trading update on 13 October 2021.

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