Cadence Minerals plc and its joint venture partners have executed a binding US$4.6 million prepayment off-take agreement, relating to the Amapá iron ore project, in northern Brazil. CASHFLOW The company, together with Pedra Branca Alliance Pte Ltd and DEV Mineração S.A., will receive the funds from its chosen off-take partner. Repayment will be through per tonne of iron ore […]
Tag: Cadence Minerals plc
Cadence investee intercepts pegmatitic intrusions
Cadence Minerals plc investee company has intercepted pegmatitic intrusions in multiple locations at the Bynoe project, 50km south of Darwin. EVIDENCE Evergreen Lithium Ltd, in which Cadence currently holds 8.74%, logged air core drill samples at the Lunchbox and Frogmouth prospects, identifying pegmatites close to surface. Cadence said that early drilling provided evidence that that […]
Cadence raises £750,000 for Amapá
Cadence Minerals plc has raised a total £750,000 via an 18% discounted placing and a directors’ subscription for the Amapá iron ore project in northeast Brazil. AMAPA The company raised £625,000 before expenses by placing 25 million new ordinary shares, at 2.5 pence per ordinary share. Non-executive chairman Andrew Suckling, chief executive Kiran Morzaria, and […]
Cadence investee begins Bynoe augur sampling
Cadence Minerals plc investee has started initial augur sampling in its next round of field work at the Bynoe lithium project in the Northern Territory, Australia. PRIORITY Evergreen Lithium Ltd’s programme follows approval in May of its mine management plan, allowing high impact exploration activities. Samples will be analysed in the field using portable X-ray […]
Cadence expects higher impact exploration at Bynoe
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 […]
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 […]