Resource Star Limited (ASX:RSL) seeks to identify new opportunities in the resources sector that have the capacity to add shareholder value. However, given market sentiment worldwide, the number of appropriate and well-priced opportunities continues to diminish and the Company is looking beyond the energy sector. The Company is currently working on a number of potential opportunities.
The Company continues to hold exploration interests in Malawi and Australia, including a 0.7% gross royalty interest in the Machinga niobium-rare earth project of Globe Metals and Mining Ltd (ASX:GBE).
The Company has operated as a mineral explorer since 2007, predominantly in the uranium and rare earth sectors in Australia and in Malawi.
On the 1st of August Resource Star secured an exclusive option to acquire 100% of Australian cloud computing service and infrastructure provider Cloud Lands Digital Fortress Pty Ltd. On the 9th of February Resource Star terminated its agreement to acquire Cloud Lands, the decision was made pursuant to the conditions in the executed binding term sheet as set out in the Company’s ASX announcement of 1 August 2014.
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