SINGAPORE (Apr 16): ISR Capital may require a further US$10 to US$15 million ($13.1 million to $19.7 million) for the next phase of its feasibility studies on the tantalum mining project in Madagascar. Funding would also have to come from the company itself, ISR added.

ISR provided the following additional information in response to the queries raised by Singapore Exchange in their email dated April 11 in relation to the company’s full year results for the financial year ended Dec 31 2017 announced on Mar 1.

In FY17, attributable losses for ISR narrowed to $1.4 million from $8.3 million a year ago. Revenue rose 64.8% to $576,075.

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