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The West Australian: There’s gold in them there trees – ECR Minerals #ECR

By Matt Birney – The West Australian

In a move that might have the environmental mafia scratching their heads, Classic Minerals and Australia’s federal scientific research outfit CSIRO have teamed up to study the potential correlation of tree size to gold mineralisation at Classic’s Forrestania Gold Project in Western Australia.

The company said that in 2017, it had noticed a correlation between tree size and gold mineralisation at the project in the Goldfields region.

Major deposits and prospects such as Lady Magdalene and Lady Ada were covered by large gum trees while barren areas were covered by typical Yilgarn shrubs and bush.

CSIRO and the Australian Government’s Innovation Connections grant will fund the majority of the six month project.

Activities to be carried out include the production of a distribution map in tree sizes by image analysis, hylogging and additional sampling of selected holes.

Extensive rockchip and regolith sampling will also be carried out throughout the curious project.

The program will generate a high-quality mineralogical and geochemical dataset including integration of geology databases and will determine the spatial relationships between the tree sizes, the landscape and the mineralised areas via statistical data analysis.

Whilst the technique is not likely to put traditional drilling contractors out of business anytime soon, it just might make them a little nervous.

If proven to work, it will allow Classic to rapidly generate new targets without ground disturbing exploration.

The project could help guide the company with geochemical sampling and geochemical data interpretation on the surface.

It may also help assess mineralisation at depth and the relationship to landscape and tree size.

Classic Chief Executive Officer Dean Goodwin said: “It quickly became apparent from field work that there appears to be a relationship between tree-size and mineralisation at FGP – we are glad to follow up this theory with CSIRO because it will help us better understand the geology and controls on mineralisation in FGP.”

“As an exploration geologist, it is always exciting to be adding to the datasets available to us for target generation and geological theories.”

“Having CSIRO undertaking this research project alongside Classic will allow us to share and validate our own hypothesis and research efforts/data that we have been working on for the past 12+ months.”

Whilst somewhat unusual, this is not the first time that trees have been thought to be a potential indicator of gold mineralisation.

The CSIRO has previously published research showing that Eucalyptus trees in Western Australia’s Kalgoorlie region are drawing up gold particles from the earth via their extensive root system and depositing the gold in their leaves and branches.

As eucalypt roots extend tens of metres into the ground, this could indicate the presence of gold ore deposits buried under sediments that are up to 60 million years old without the need to drill.

Last month, Classic started a follow-up drilling program at 4 major prospect areas at Forrestania.

Drilling at Lady Magdalene is aimed at better defining the orientation of high-grade cross cutting gold lodes in order to sweeten the large, shear-hosted system currently grading 1.32g/t for just over 180,000 ounces.

The similarity of these lodes to those found at the nearby historic Lady Ada mine, has given Classic reason to believe that Lady Magdalene might also be hosting a high-grade gold deposit.

Forrestania has an existing Mineral Resource of 5.9 million tonnes grading 1.25 grams per tonne gold for 240,000 ounces of contained gold.

Classic’s partnership with CSIRO is fascinating and will no doubt get a few geological wags talking.

Who knows, maybe the geologists of the future will have their ore bodies marked out before smoko just by looking at the trees – stranger things have happened I guess.

Cadence Minerals #KDNC – Bacanora Lithium #BCN Update

Bacanora Lithium (AIM:BCN) Cancels Proposed Placing As Discussions Continue With Additional Parties To Secure The Remaining Construction Funding Requirement. 

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) notes the announcement by Bacanora Lithium plc (AIM: BCN) that, due to current volatility in global commodities markets, it has elected not to proceed with its proposed placing to raise gross proceeds of US$100m.

To date, Bacanora has announced equity and debt funding commitments totalling US$240m, which represents 52% of the US$460m required for Stage 1 production of 17,500 tpa of Li2CO3 at Sonora (the “Construction Funding”).  These include a US$150m senior debt facility with RK Mine Finance, one of the leading specialist mining lenders, and conditional strategic investments from the State General Reserve Fund of Oman (SGRF), the sovereign wealth fund of the Sultanate of Oman, and from Bacanora’s off-take partner, Hanwa, for a combined total of US$90m.  

Bacanora will now focus on completing the Front End Engineering Design and remains in discussions with several additional parties with regards to securing the remainder of the Construction Funding, so that it can be in a position to begin construction of the Project once financing is secured.

The full release can be found at: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/13723309.html

Apollo Minerals $AON Demonstrates Commitment to Local Communities

Apollo Minerals, focused on the development of a responsible, modern mine at the Couflens Project in France, has demonstrated its commitment to local communities through the creation of a significant cultural heritage initiative – the Club de Mécènes Mines du Salat (“CMMS”). The CMMS has been established by Apollo Minerals’ French subsidiary, Mines du Salat.

The CMMS has been established to ensure the cultural and historical heritage of the Couserans province in the Ariege region is upheld. The heritage of the province, which is known for its Roman art and architecture, attracts over 150,000 tourists a year and provides a major source of economic stimulus for the area.

The CMMS was formed as a consortium between Mines du Salat and a number of local businesses. Each founding partner will make annual contributions which will then be allocated to the various restoration projects in the Couserans province. The French government will contribute an additional 60% to the total amount of funds raised.

To date, the CMMS has provided funding for:

  • the restoration of three paintings in the Vic d’Oust church;
  • the renovation of the roof, electricity and paintings of the Romanesque church of Saint-Jacques d’Aubert in Moulis; and
  • a study of the statues at the chapel Notre-Dame du Pouech in Oust, classified as historical monuments.

The establishment of the CMMS further strengthens the Company’s commitment to the region and reinforces its desire to work collaboratively with local stakeholders.

Every restoration project that the CMMS commits to financing has the potential to create direct and indirect jobs.

The CMMS is part of the Fondation du Patrimoine, an independent organisation created to defend and enhance national heritage in France.

Hugo Schumann, Executive Director, commented:

“We are developing the Couflens Project in a province steeped in cultural heritage. We are proud to have co-created this foundation whose sole aim is to protect, promote and enhance that heritage. Our goal is to develop a project that generates benefits for all our stakeholders and we have a duty to ensure that our social, economic and environmental impact is positive.”

For further information contact:

Hugo Schumann Robert Behets
Tel: +44 207 478 3900 Tel: +61 8 9322 6322
Email: info@apollominerals.com.au

ECR Minerals #ECR Strategic & Operational Update

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to provide a business update for shareholders further to its announcement dated 11 July 2018, in which ECR Minerals outlined details of a strategic financing and an update on various areas where the additional working capital would be applied going forward. A link to this announcement is provided below:

https://polaris.brighterir.com/public/ecr_minerals/news/rns_widget/story/xo5go9w

Within the above ECR Minerals noted that it would prioritise work on Blue Moon, following the positive exploration drilling update, highlights which included evidence of a significant near surface mineralised system, with large mineralised gold intercepts up to 39.5 metres (apparent width) just 24.2 metres from surface, a link to which is also provided below.

https://polaris.brighterir.com/public/ecr_minerals/news/rns_widget/story/xp0773w

The accelerated development programme for Blue Moon will be released to market shortly, subject to certain commercially sensitive matters, namely in respect of new licence applications.

The Company also noted within the 11 July 2018 update, that ECR Minerals was “aware of numerous opportunities to augment its Australian gold exploration portfolio and the additional funds raised would enable ECR Minerals to review and crystallise those opportunities that could add considerable value for shareholders.”

The ECR Mineral’s technical team have reviewed many existing opportunities and identified a number of further potential target areas within Australia.

The target areas selected focus primarily on precious and strategic energy metals & minerals.

Those new precious metal opportunities are predominantly gold, including conglomerate hosted gold in Western Australia, alongside more traditional gold targets in the wider Victoria Region, to complement existing gold project interests.

Strategic energy metals & mineral opportunities include a wide range of options, but recent work has generally been focused on lithium and cobalt target areas.

ECR are moving forward rapidly and in order to pursue its growth agenda and to act on opportunities as they arise, an initial fund of A$100,000 (circa £56,000) has been ringfenced for activities including initial due diligence and licence application costs, where applicable.

Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “The recent strategic financing has placed the Company in an extremely strong financial position with sufficient working capital against current operational plans until at least Q3 2019.

The strength of this financial position means, as a Company, we are able to proactively progress our current business interests but also to aggressively pursue new opportunities that may complement our existing portfolio of projects in Australia.

This announcement confirms that we are seeking to build ECR’s portfolio expeditiously reflecting the resurgence in the Australian resource environment and the steadily reducing pool of reasonably priced projects and exploration ground.

At this time significant opportunities still exist and are to be seized upon by those with the focus, skillset and vision to do so.

Further updates will be provided as soon as practicable.”

COMPETENT PERSON STATEMENT

The information in this announcement that relates to Exploration Results is based on information compiled by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd provides geological services to Mercator Gold Australia Pty Ltd, including the services of Dr Boucher, who has a PhD in geology, is a Member and RPGeo of the Australian Institute of Geoscientists and is a Member of the Australian Institute of Mining and Metallurgy. Dr Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Boucher consents to the inclusion in the announcement of the material based on his information in the form and context in which it appears.

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.

ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.

ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Broker
Graeme Dickson
SI Capital Ltd Tel: +44 (0)1483 413500
Broker
Nick Emerson

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.

Cadence Minerals #KDNC – Auroch Minerals (ASX: #AOU) Awards Drill Contract for Maiden Drilling Programmes.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that the momentum at Auroch Minerals (ASX: AOU) Arden and Bonaventura Projects continues to build. Auroch has partnered with DDH1 Drilling for what it refers to as an ‘aggressive maiden drilling programme’, targeting up to 5,000m of high-grade base-metals and/or gold mineralisation across seven high-priority target areas. The drilling is expected to commence this month.

Highlights:

  • Maiden exploration drill programmes to be undertaken by DDH1 Drilling
  • Drilling is expected to commence this month, with up to 5,000m of RC and diamond drilling planned concurrently at Arden and Bonaventura Projects
  • Arden drill programme to target high-grade zinc, copper and cobalt mineralisation across 3 identified prospects
  • Bonaventura drill programme to explore for high-grade zinc, copper and gold mineralisation across 4 high-priority target areas
  • Drilling programmes are fully-funded from strong balance sheet

Cadence currently owns approximately 7% of the equity in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.

The full release can be found at: http://www.investi.com.au/api/announcements/aou/83100bdc-52e.pdf

Cadence Minerals CEO Kiran Morzaria commented: “Following on from the early IP survey results, we are as enthused as the management team at Auroch at the quite exceptional potential of the prospects at Arden and Bonaventura Projects.“

“Comments from Auroch CEO Aidan Platel best sum up the current scenario: ‘To have seven high-priority drill targets with great potential for high-grade mineralisation and significant scale for our maiden programme is quite extraordinary; we really are just seeing the tip of the iceberg in terms of exploring the large areas covered by our two projects.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

– Ends –

                                          For further information please contact:

Cadence Minerals plc     +44 (0) 207 440 0647            WH Ireland Limited          +44 (0) 207 220 1666
Andrew Suckling                                                              (NOMAD & Broker)
Kiran Morzaria                                                                 James Joyce / James Sinclair-Ford

Hannam & Partners LLP   +44 (0) 207 220 1666          Square1 Consulting        +44 (0) 207 929 5599
(Joint Broker)                                                                 David Bick
Neil Passmore / Giles Fitzpatrick

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ‘‘believe’’ ‘‘could’’ “should” ‘‘envisage’’ ‘‘estimate’’ ‘‘intend’’ ‘‘may’’ ‘‘plan’’ ‘‘will’’ or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

Proactive Investors – ECR Minerals #ECR surges as it secures finance to expedite development programme at Blue Moon – Proactive Investors

Each strategic financing share has a warrant attached, entitling the warrant holder to subscribe for a further new ECR share at a price of 1.125p

Shares in ECR Minerals PLC (LON:ECR) shot up after the precious metals exploration and development company announced details of a strategic financing.

The share price, already flying high after its interim results and news of drilling success at its Blue Moon gold prospect in Australia, rose 14.8% to 0.78p after the company raised £650,000 through the issue of 92.9mln shares at 0.7p a pop.

The funds could be the key to unlocking the potential of the Blue Moon asset in Victoria

READ: ECR Minerals jumps as it unearths evidence of significant mineralisation at Blue Moon

The company said that it now has sufficient working capital against current operational plans to last until the third quarter of next year, at least, while further funds could find their way into the coffers should any warrants holders choose to exercise the warrants that have been attached to the newly issued shares. Should all warrants be converted this would generate about £1,045,000 before expenses for the company.

ECR said the funds raised would be used to expand its Australian operations, including an accelerated development programme at the Blue Moon target in the Victoria region.

The company also now has the funds to consider additional opportunities in Australian gold and strategic metals, to complement existing interests.

“We are delighted to announce this strategic financing which considerably bolsters the company’s working capital position and provides a significantly extended cash runway with which to implement our operational plans,” said Craig Brown, the chief executive officer of ECR Minerals.

“The gold mineralisation identified at Blue Moon and announced on Friday 6th July 2018 is a priority target for ECR, and as such, the company intends to pursue further work on this target immediately. Furthermore, the company is aware of numerous opportunities to augment its Australian gold exploration portfolio, and the additional funds raised will enable ECR to review and crystallise those opportunities that could add considerable value for shareholders,” he added.

Salt Lake Potash #SO4 – Jo Battershill on Proactive Investors Stocktube

Salt Lake Potash Limited’s (LON:SO4, ASX:SO4) Jo Battershill tells Proactive’s Andrew Scott they’re a new entrant into the Sulfate of Potash (SOP) market.

Cadence Minerals #KDNC – Director Share Purchases

Further to the announcement by the Company on the 9 July, Andrew Suckling has recently purchased ordinary shares in the Company in the following amounts.

Director

Position

Number of ordinary shares acquired

 Price paid per share (pence)

Andrew Suckling

Executive Chairman

500,000

0.26

After these acquisitions, the total notifiable share interest in the Company for the directors is as follows

Director

Position

Total Notifiable Interests (shares)

Andrew Suckling

Executive Chairman

2,590,000

Kiran Morzaria

Director & CEO

11,019,973

Donald Strang

Finance Director

8,647,011

Adrian Fairbourn

Non-Executive Director

9,128,297

 Total

31,385,281

 

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Giles Fitzpatrick

Square1 Consulting

+44 (0) 207 929 5599

David Bick

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Suckling

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0026

500,000

d)

Aggregated information

–      Aggregated volume

–      Price

 

500,000

0.0026

e)

Date of the transaction

11/07/2018

f)

Place of the transaction

XLON, AIM

 

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With circa £20 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

Plastic pollution: Skipper describes horror at seeing ‘endless’ ocean of rubbish on Pacific research expedition – The Independent

Exclusive: ‘How do you convey – when you wake up on day four and you’re still seeing this plastic pouring past the boat? The feeling just makes your stomach clench’

By Josh Gabbatiss Science Correspondent

An experienced skipper who is currently sailing through the world’s largest ocean rubbish patch has described how her stomach “clenched” when she was faced with the terrible reality of the planet’s plastic crisis.

Emily Penn is leading an all-women expedition through the Pacific Ocean on a mission to tackle the plastic pollution that is choking marine environments, killing animals and even threatening human health.

“The most alarming thing is just the number of pieces that are moving past the boat every time you look out,” says Ms Penn, a sailor with a history of environmental activism.

“You might get a bundle of fishing net, a washing basket, a chair; then you see bottle tops, toothbrushes, combs – people’s belongings basically. It doesn’t make any sense.”

 Just as appalling, she says, are the endless tiny shards of plastic that fill the apparently empty spaces between the larger objects. These “microplastics” have been found in the stomachs of fish and shellfish around the world.

“That’s what we have been experiencing on a daily basis for the past 500 miles or so,” she says.

 

The eXXpedition crew, which consists of women from a variety of backgrounds including scientists, artists and sailors, departs Hawaii (thesituationroom.tv)

 

At least 8 million tonnes of plastic is dumped in the ocean every year, and a large proportion ultimately ends up in one of the five major ocean gyres; drawn in by winds and ocean currents.

The largest of these gyres, dubbed the “Great Pacific Garbage Patch”, covers an area of 1.6 million square kilometres.

It is this enormous expanse that Ms Penn and her “eXXpedition” crew of scientists, sailors and artists is crossing on a trip that will take them from the plastic-strewn beaches of Hawaii to the shores of North America – the source of so much of this waste.

Speaking to The Independent via satellite phone from the Sea Dragon, a 72ft (22m) scientific exploration vessel, Ms Penn described the low mood that set in as they entered the plastic soup.

“How do you convey – when you wake up on day four and you’re still seeing this plastic pouring past the boat. The feeling just makes your stomach clench,” she says.

The team is collecting samples and data that will then be sent to research institutions in the UK, Canada, Switzerland and the US.

 

The crew has come across all sorts of marine plastics including fishing nets and household items. Here they fix a tracker to a large pile of marine debris so researchers can track it and better understand ocean currents (eXXpedition)

 

This information is valuable, because owing to their remote locations there is still a lot scientists do not know about the Great Pacific Garbage Patch and other plastic accumulation zones.

Horrific images of turtles tangled in fishing nets and whales with stomachs full of bags have shocked the world, but the eXXpedition crew wants to investigate the subtler effects of plastic pollution.

Their samples will be examined for traces of chemicals like pesticides and flame retardants that have the potential to leach into the bodies of animals and – ultimately – humans.

The eXXpedition team is studying microplastics and toxics in the North Pacific Gyre, and they have found large amounts of microplastics in each sample collected (eXXpedition)

Being out in the open ocean has made the crew acutely aware of the interactions between wild animals and plastic waste.

“We are looking into the water and seeing fragments of plastic, and then 20m away we see an albatross feeding on squid which looks just like that plastic,” says Ms Penn.

The key to solving this problem, she says, is first to raise awareness and then to cut off the flow of plastic before it enters the ocean.

“There are trillions of fragments covering this part of the planet and it’s just endless, it goes on and on, and not only here in the North Pacific but other parts of the world as well,” says Ms Penn.

“It’s taken us weeks to get here under challenging conditions, and the idea then of trying to extract the little fragments you just realise – gosh – we have to solve this problem at the source. By the time it’s out here it’s too late.”

 

 

Cadence Minerals #KDNC – Director Share Purchases

As announced in December 2017 the Directors all entered into a Defined Director Purchase Programme in which they will each purchase £1,000 of ordinary shares per month for 12 months. These shares will be purchased from the market on the first Friday of each month starting on 2nd February 2018 and ending the 4th January 2019. The market will be notified of the purchases on the next trading day via a PDMR; Directors are dealing notification.

The Directors have entered into a DDPP in an open period and under this programme are therefore committed to the purchase of shares in what otherwise may be a close period. Entering into the DDPP does not preclude the directors from buying additional shares in the Company during open periods.

Mr Andrew Suckling did not complete his scheduled DDPP on 6 July 2018, due to an error by his broker, as such it is anticipated that this will be completed during the course of this week.

Details of the Director purchases are contained in the table below:

Director

Position

Number of ordinary shares acquired

 Price paid per share (pence)

Kiran Morzaria

Director & CEO

445,434

0.22

Donald Strang

Finance Director

440,000

0.23

Adrian Fairbourn

Non-Executive Director

414,225

0.24

After these acquisitions, the total notifiable share interest in the Company for the directors is as follows

Director

Position

Total Notifiable Interests (shares)

Andrew Suckling

Executive Chairman

2,090,000

Kiran Morzaria

Director & CEO

11,019,973

Donald Strang

Finance Director

8,647,011

Adrian Fairbourn

Non-Executive Director

9,128,297

 Total

30,885,281

 

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Giles Fitzpatrick

Square1 Consulting

+44 (0) 207 929 5599

David Bick

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kiran Morzaria

2

Reason for the notification

a)

Position/status

Director & CEO

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0022

445,434

d)

Aggregated information

–      Aggregated volume

–      Price

 

445,434

0.0022

e)

Date of the transaction

06/07/2018

f)

Place of the transaction

XLON, AIM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Donald Strang

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0023

440,000

d)

Aggregated information

–      Aggregated volume

–      Price

 

440,000

0.0023

e)

Date of the transaction

06/07/2018

f)

Place of the transaction

XLON, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Fairbourn

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0024

414,225

d)

Aggregated information

–      Aggregated volume

–      Price

 

414,225

0.0024

e)

Date of the transaction

06/07/2018

f)

Place of the transaction

XLON, AIM

 

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With circa £20 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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