Cradle Resources Limited is an exploration and development company based in West Perth, Australia. The company recently acquired a 50% interest in the Panda Hill Niobium Project in Tanzania, which transforms Cradle into an international niobium development company. With the potential to acquire the balance of the project, Cradle is positioned as one of the few niobium developers in the world. Niobium is a key component of high-strength, low-alloy steels and is in high demand, with 90% of the supply coming from Brazil and the market tightly controlled by three large producers.