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Cadence Minerals #KDNC – Macarthur Minerals partner Artemis Resources completes stream sediment sampling programme

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Macarthur Minerals Limited (TSX-V: MMS) has announced that its earn-in partner, Artemis Resources Limited, has completed a stream sediment sampling programme at Macarthur Minerals’ Panorama and Bonnie Scot Projects in the Pilbara. Samples will now be dispatched to the laboratory for analysis and results will be released when available. Historical rock samples within the tenements have recorded results of up to 3.5 g/t gold.

Cadence has a 15.2% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has the lithium project in Nevada, USA.

The full release can be found here

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “We are pleased that Macarthur Minerals has commenced exploration activities at its Panorama and Bonnie Scot projects, which are prospective for conglomerate gold.”

– Ends –

 

For further information, please contact.

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

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 GBP20 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.

IndMin article – Orocobre lithium production down but average lithium carbonate prices up

by Martim Facada, IndMin. First published: Thursday, 05 April 2018 

Link here to read the original article on the IndMin.com website

Adverse weather and lower evaporation rates reduced Orocobre’s lithium compounds output in the first quarter, but it still achieved higher sales prices.

Argentina-based lithium producer Orocobre has announced a 29% fall in its production of lithium carbonate in January-March 2018, with output down to 2,802 tonnes against the 3,937 tonnes produced in the last quarter of 2017.

A 24% decline in brine evaporation rates year-on-year hampered the brine concentration process. This was a result of reduced hours of sunshine, cloudy conditions and rain, which were said to be the main factors behind the lower production.

But although production was reduced, Orocobre achieved higher prices. It sold 3,052 tonnes of lithium carbonate in the first quarter at an average price of $13,533 per tonne fob, up by 17% compared with the preceding quarter.

Total sales revenue achieved in January-March was $41.3 million.

The contract price of lithium carbonate, min 99% (Li2CO3), technical and industrial grades, was last assessed* by Industrial Minerals on March 28 at $16.00-18.50 per kg on a ddp Europe and US basis.

On the same day, the contract price for lithium carbonate, min 99% (Li2CO3), technical and industrial grades, cif China, Japan and South Korea, was assessed at $16-19 per kg on a ddp Europe and US basis.

Because of the first-quarter fall in production, Orocobre expects to produce 10% less lithium carbonate for the full 2018 financial year than was indicated by the previous guidance of 14,000 tonnes. Further details will be provided in the company’s March quarterly report.

Orocobre produced 11,392 tonnes of lithium carbonate from Olaroz throughout the 2017 calendar year, and 11,892 tonnes in the 2017 financial year from June 2016 to June 2017.

“While I recognize that this change in production guidance is very disappointing, the adverse weather conditions were outside our control,” chief executive officer and managing director Richard Seville said.

“However, recent weather events have confirmed the previously identified need to further improve the robustness of operations and reduce production variability from [the effects of] weather,” he added. “Plans for the Phase 2 expansion already include enhancements to the lithium carbonate processing plant and the potential use of evaporator/crystallizers during adverse weather events, to maintain consistent brine concentration prior to processing in both Phase 1 and Phase 2.”

 

Cadence Minerals #KDNC – Lithium Recoveries Improved to 95% at Cinovec Lithium-Tin Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that European Metals Holdings Limited (ASX & AIM: EMH) has updated on preliminary results recently received from its ongoing metallurgical optimisation and ore variability testwork programme.

This testwork programme is being conducted in support of the development of the Cinovec Lithium-Tin Project.

HIGHLIGHTS

  • Lithium leach recoveries of 94-95% achieved from recent laboratory scale roasting and water leaching tests
  • Confirmation that a modest increase in roasting temperature significantly increases lithium recovery
  • Confirmation that the substitution of the more cost effective reagent, limestone in place of lime did not reduce lithium recovery.

Recent metallurgical testwork has seen further roast recovery improvements on ore sourced from core taken from the area that is intended to be mined and processed in the first years of the project.

Subsequently testwork was completed whereby the more cost effective reagent limestone was substituted for lime into the roasting feed mix.  A lithium recovery rate of 94.8% was achieved from this test. This finding will support the achievement of significant cost savings in this part of the flowsheet.

Cadence has a 20.4% equity stake in European Metals.

The full release can be found at: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EMH/13583981.html

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “We are pleased to see these test results on improved lithium recoveries, which will enhance the economics of European Metals’ Cinovec Lithium-Tin project.”

– Ends –

For further information, please contact.
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

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 GBP20 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.

Cadence Minerals #KDNC CEO Kiran Morzaria discusses the San Luis exploration programme on Vox Markets podcast

Kiran Morzaria CEO of Cadence Minerals #KDNC discusses the commencement of an exploration programme at the San Luis Lithium asset in Argentina. The interview starts at 17 minutes 27 seconds in.

Cadence Minerals #KDNC – Exploration programme on Argentina Lithium Assets commences

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announced on 11 December 2017 that it had entered into binding agreements to acquire up to 100% of six high-quality lithium assets in Argentina. The Company is now delighted to inform shareholders that the initial exploration programme on these assets in the San Luis Province has started.

HIGHLIGHTS

  • Detailed desktop and remote exploration started over 55,773 hectares within the known spodumene bearing pegmatite fields in San Luis Province, Central Argentina.
  • Work includes high-resolution satellite imagery interpretation to map pegmatites or other potential lithium bearing host rock.
  • The pegmatite fields of San Luis have an important past record of producing mica, beryl, spodumene, tantalite (tantalum oxide), columbite (niobium oxide), and recently potassium feldspar, albite and quartz.
  • Based on results we will develop a ranked target list of prospective pegmatites for further exploration, sampling and drilling.
  • Cadence has completed Stage 1 of the 5-stage timetable to acquire up to 100% of the assets.

The Initial exploration programme which is targeted to complete in approximately 4-6 months, has been designed to provide the Company with a thorough understanding of the pegmatite geology and extent of lithium mineralisation.

The first part of this programme consists of detailed desktop work that is undertaken remotely, which is followed up by field work to reconcile the findings and identify key pegmatite targets. At the conclusion of this process and upon regulatory approval, the exploration program will move into sampling these targets and, if successful, exploratory drilling and the definition of mineral resources.

Kiran Morzaria, Chief Executive Officer, added: “We are very excited to have started exploration on the San Luis lithium prospects. The initial remote exploration expects to identify pegmatites that are exposed at the surface, which will provide low-cost exploration targets for sampling and, if appropriate, drilling.”

 “Our long-term goal is to identify, explore and develop a substantial hard rock lithium resource, in  a country with an established lithium industry, good infrastructure and supportive regulatory and fiscal regimes. We will update shareholders on the exploration programme as we advance up the development curve. “

Desktop and fieldwork

The desktop and field work the geology team are undertaking is comprehensive and leverages high-tech equipment to the fullest extent. Key steps involved in the desktop review comprise the following:

  • Review all legacy reports that mention lithium mining and other minerals (beryl, tourmaline, muscovite, garnets) in Sans Luis, as this data can help determine the evolution of pegmatites in the area;
  • Use satellite imagery to map pegmatites/granite/other rocks of interest then determine accessibility from current road network and digitalise the information;
  • Identify pegmatites that are near known lithium mineralisation and historic mines then double check geophysics and radiometry to ensure they are viable targets;
  • From this data, calculate the number of prospective pegmatites in the area; and
  • Assess infrastructure requirements, especially accessibility on how to transport drilling equipment to prospective future areas of interest.

Upon completion of the desktop review, the geology team will visit pegmatites that are readily accessible to undertake field work. After all the field work data is collected, it will be reconciled with the geophysical and satellite imagery findings. This will enable the geology team to develop its sampling and XRF programme focused on the pegmatites with the highest probability of containing high-grade lithium mineralisation.

The next stage in the process will be securing regulatory approval to further the exploration programme.

Ownership

Cadence can acquire 100% of the interest in the exploration permits under application and will initially earn 49% via staged investments of cash spent on exploration and development and the issue of new ordinary shares in Cadence. Cadence has completed Stage 1 of the investment and currently indirectly owns 4% of the exploration permits under application.

Details of the commitments under the acquisition agreement with the vendors are summarised below

Stage Ownership % Total Ownership % Lithium Technologies Pty Ltd Lithium Supplies Pty Ltd Purpose
Stage 1 4% 4% £0.05 M £0.05 M Earn-in early non-invasive exploration (pre -exploration permits being granted)
Stage 2 20% 24% 95,153,846 shares in Cadence 57,692,308 shares in Cadence On grant of exploration permits – acquisition of Lithium Technologies and Lithium Supplies shares
Stage 3 7.5% 31.5% £0.15 M £0.15 M Earn – in on commencement of exploration works after grant exploration permits
Stage 4 17.5% 49% £0.35 M £0.35M Earn – In on identification of suitable drill targets
Stage 5 51% 100% 480,769,231 shares in Cadence 192,307,692 shares in Cadence 1-year option to acquire all the outstanding share capital of Lithium Technologies and Lithium Supplies

The vendors of the assets will retain a 1.5% net smelter royalty on products produced from the assets. The royalty will be deferred and only become payable upon the repayment of the capital and any debt associated with establishing a mineral processing facility.

– Ends –

For further information, please contact.
 

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

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 £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.

Cadence Minerals #KDNC – Clancy Exploration update on Austrian Leogang Cobalt-Nickel Sulphide project

Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) reports that Australian listed Clancy Exploration Limited (ASX: CLY), has provided an update on its exploration licence at ground tenures at the Leogang Cobalt-Nickel Sulphide Project in Austria.

As previously announced, Clancy’s investigations into its tenure (announced 5 September 2017) determined that there were 28 overlapping licences out of Clancy’s 200 licences that were preceding priority claimants. These Preceding Claims cover a total area of approximately 12km2 and included the historical Nockelberg and Leogang mines. Clancy continues to have priority over the balance of the project area, being 172 licences covering approximately 68km2. 

Prior to the investigations, Cadence acquired a 10% interest (refer to ASX release dated 3 July 2017) in all 200 licences held by Clancy, and the parties entered into a joint venture. Cadence was subsequently made aware of the licensing situation and we agreed with Clancy to continue to evaluate the Remaining Licenses, in which Cadence holds 10%.

Furthermore. the board of Clancy, in discussions with Cadence, have considered it appropriate to issue Cadence 140,000,000 fully paid ordinary shares at a deemed price of $0.003 as compensation for the discovery of third party priority over the 28 overlapping licenses (including the historical Nockelberg and Leogang mines).

Once these Clancy shares are issued, Cadence will own approximately 4 % of Clancy.

The full Clancy Exploration announcement can be found at: https://wcsecure.weblink.com.au/pdf/CLY/01963973.pdf

– Ends –

For further information, please contact.

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

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 £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.

Looking forward to Master Investor 2018

We’ll be at Master Investor 2018 tomorrow. Look forward to seeing Cadence Minerals #KDNC, VectorVest and Dr David Paul, Powerhouse Energy #PHE, Vox Markets, Core Finance TV, Share Talk, Crowd for Angels plus many other friends and colleagues.

Cadence Minerals #KDNC – Macarthur Minerals identifies potential Lithium Brine Zones in Nevada, USA

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Macarthur Minerals Limited (TSX-V: MMS) has announced that it has identified several zones indicative of a lithium brine aquifer at its Reynolds Springs Lithium Brine Project in Railroad Valley, Nevada, USA.

The Railroad Valley has geological attributes that closely match the Clayton Valley, which hosts North America’s only producing lithium mine, Albemarle’s Silver Peak Lithium Mine.

Cadence has a 15.2% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has the lithium project in Nevada, USA referred to above.

The full release can be found at: https://web.tmxmoney.com/article.php?newsid=5571902184122701&qm_symbol=MMS

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “Macarthur Minerals believes this is the start of something very significant in the US lithium sector. We now look forward to the development of a basin-wide geological model, ahead of permitting and drill testing.” 

– Ends –

 

For further information, please contact.

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

Qualified Person 

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 £25 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.

Cadence Minerals #KDNC – Further to Director share purchases

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

Date Purchased

Director

Position

Number of ordinary shares acquired

 Price paid per share (pence)

05/03/2018

Andrew Suckling

Executive Chairman

500,000

0.27

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

840,000

Kiran Morzaria

Director & CEO

9,271,564

Donald Strang

Finance Director

6,932,011

Adrian Fairbourn

Non-Executive Director

7,407,605

 Total

24,451,180

 

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

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)

0.0027

500,000

d)

Aggregated information

–      Aggregated volume

–      Price

 

500,000

0.0027

e)

Date of the transaction

05/03/2018

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.

Cadence Minerals #KDNC – Auroch Minerals acquires two high-grade Zinc projects in South Australia

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Auroch Minerals has announced it will acquire 90% of the tenement known as the Arden Zinc Project (Arden Project) and 100% of the tenement known as the Bonaventura Zinc Project 1 (Bonaventura Project) located in the world-class base-metal mining region of South Australia, subject to approval of its shareholders.

  • The Arden Project has the potential to host large-scale zinc, lead, copper and cobalt stratiform sedimentary exhalative (SEDEX) deposits:

–      Large 710km2 Exploration Licence granted with several key mineralised targets already identified within the tenure

–      Multiple assays of between 9-10% zinc and 0.1% cobalt

–      Up to 2.5% cobalt from recent sampling at the Kanyaka target

–      The Arden Project is supported by excellent infrastructure

  • The Bonaventura Project covers highly prospective geology and historic mines along 30km of strike of the regional-scale Cygnet-Snelling Fault

–      Previous drilling at Bonaventura hit high-grade zinc intersections

–      Samples from the historic Kohinoor gold mine returned grades up to 28 g/t Au

–      The Bonaventura Project has several high-grade zinc and gold targets that are drill-ready.

Cadence currently owns a 7.7% equity stake in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.

The full release can be found at: http://clients3.weblink.com.au/clients/aurochminerals/headline.aspx?headlineid=6874781

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “We are pleased to see Auroch Minerals pursue acquisitions which are in historical mine areas and contain multiple highly prospective targets.”

– Ends –

 

For further information, please contact.

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

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

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 £25 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.

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