Cape Lambert Resources Limited (ASX:CFE) announces a share repurchase program. Under the program, the company will repurchase up to 66,793,888 shares, representing 10% of its issued share capital. Repurchase will be made on the open market.

The repurchase program is part of the company's capital management program. The shareholder approval for the program is not required. The repurchase program is within the limit permitted by Section 257B of the Corporations Act and the ASX Listing Rules.

The share repurchase program is valid for 12 months. As of January 8, 2014, the company has 667,938,887 ordinary shares in issue.