Cadence Minerals plc expects higher impact exploration to start at the Bynoe lithium project following recent approval of the mine management plan. The company’s investee Evergreen Lithium Ltd’s activities will include auger sampling as well as air core/rotary air, reverse circulation and diamond drilling. Contractors have been secured for the 2024 scheduled work programme to […]
Tag: Cadence Minerals plc
Cadence progresses towards Amapá construction
Cadence Minerals plc has submitted further documents for the approval process to start construction at the Amapá iron ore project in Brazil. GREEN IRON The environmental control plan (PCA) and the environmental control report (RCA) were given ahead of schedule for the mine and railway. The PCA and RCA are part of the environmental approval […]
Cadence raises £500,000 from single investor
Cadence Minerals plc has raised £500,000 via a 43% discounted placing of 16,666,667 new ordinary shares in company at a price of 3 pence per ordinary share with a single institutional investor. USES The company also issued to the subscriber one warrant for each new ordinary share. The fundraise warrants grant rights to subscribe for […]
Cadence finds 33% savings for Amapá plant-production
Cadence Minerals plc has identified savings of 33% for processing plant recommissioning and increased production at the Amapá iron ore project in northeast Brazil. REDESIGN A capital expenditure optimisation programme, conducted at pre-feasibility level, showed US$63.2 million savings associated with the plant. This sees costs fall from $191.7m to $128.5m. Forecast increased production is approximately […]
Cadence aims to cut costs and extend Amapá
Cadence Minerals plc expects to save costs and could extend operations at the Amapá iron ore project in northeast Brazil. FINANCING Nearly complete optimisation studies will reduce plant capital expenditure and an additional processing flow sheet aims to increase product quality to 67% iron ore concentrate. This contrasts with the previously proposed 62% and 65% […]
‘Large and significant’ lithium anomalism identified at Bynoe
Cadence Minerals plc said “new large and significant” lithium anomalism had been identified from first results of geochemical soil sampling at Bynoe in the Northern Territory. DRILL PREPARATIONS Operator Evergreen Lithium Ltd, of which the company holds 8.78%, collected the batches from the tenement’s central area “demonstrating the widespread nature of potential mineralisation in the […]