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Cadence Minerals – Macarthur Minerals (TSX-V:MMS) CEO Joe Phillips updates Proactive Investors on recent preliminary economic assessment results at its Lake Giles Iron Ore Project

Macarthur Minerals Limited (TSX-V:MMS) chief executive officer Joe Phillips updates Proactive Investors on recent preliminary economic assessment results at its Lake Giles Iron Ore Project in Western Australia.

Phillips notes the company reduced its operational expenditure as well as overall capital costs for the project.

“Over the last 10 years Macarthur has produced two preliminary economic assessments and a pre-feasibility study,” says Phillips. “They were both standalone projects for hematite and magnetite – over the last 6 weeks we’ve actually combined those two studies together.”

Cadence Minerals (KDNC) – European Metals (AIM: EMH) Cinovec Project Update – Battery Grade Lithium Hydroxide Sample Produced – Clarification on Test Work Process.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the update published today by European Metals Holdings Limited (“European Metals” or “EMH”), providing further clarification for the outcomes from a recently completed engineering assessment of the flowsheet and subsequent testwork aimed at demonstrating the ability to produce lithium hydroxide from Cinovec Project ore.  The move by the company to develop a process for the production of lithium hydroxide from the Cinovec project is in response to market forces that continue to move Czech and European manufacturers towards the production of advanced technology batteries.

Highlights:

  • Flowsheet successfully developed and tested for the production of lithium hydroxide from Cinovec ore.
  • A potential production rate in excess of 25,000 t/a lithium hydroxide has been demonstrated to be possible utilising a robust process route proven in the lithium production sector.
  • A formal update of the project PFS reflecting the production of lithium hydroxide is underway and will be completed within the next 6 weeks.

The result of the testwork was the production of a sample of battery grade lithium hydroxide.  The work concentrated on the grade of product produced and not recovery rates. The total amount of product produced was below 10 grams.  

The data is now being used as the foundation for an update of the EMH PFS such that the final product from the process will be battery grade lithium hydroxide with the option to produce battery grade lithium carbonate should the market support both products.  The relevant flowsheets will be available upon completion of this engineering work.

Cadence holds approximately 19.1 percent of the equity in European Metals, which, through its wholly owned Subsidiary, Geomet s.r.o., controls the mineral exploration licenses awarded by the Czech State over Cinovec.

The full release can be found at:  https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EMH/14032382.html

– Ends –

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  
   
Novum Securities Limited (Joint Broker) +44 (0) 207 399 9400
Jon Belliss

 

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.

 

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.

Cadence Minerals (KDNC) BRR Media interview and Australia Lithium assets presentation

BRR Media interview

Kiran Morzaria, CEO of Cadence Minerals discusses the company’s latest Australia lithium asset accessions on BRR Media. Listen to the interview here.

Acquisition of Lithium Assets in Australia presentation slides

Link to view the full Lithium Assets Australia pdf presentation – Acquistion KDNC – March2019

 

Cadence Minerals (KDNC) Auroch Minerals (ASX: AOU) Reports High Grade Copper Results From Arden Base-Metals Project.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the update published today by Auroch Minerals (ASX:AOU) ‘Auroch’ regarding reconnaissance sampling at its Arden Base-Metal Project ‘Arden Project’ located in South Australia’s under-explored Adelaide Geosyncline. Auroch reports that thirteen of the thirty-six rock-chip samples taken from gossanous material near the historic artisanal Mount Arden Copper Mine returned results over 2% copper, including several high-grade results of 20.40%, 15.25%, 8.55% and 5.52% copper.

Highlights:

    • Reconnaissance rock-chip samples collected near the historic artisanal Mt Arden Copper Mine returned several spectacular high-grade results, including:
      • 20.40%, 15.25%, 8.55% and 5.52% copper (Cu).
    • The sample results define an area of anomalous to high-grade copper at least 1km-long.
    • Results confirm the presence of high-grade base-metals mineralisation at the Mt Arden Prospect, a priority exploration area close to the recently-drilled Ragless Range Prospect which returned high-grade results from drill-hole RRDD007:
      • 12.80m @ 4.96% zinc (Zn) from 53.00m, including 3.65m @ 15.47% Zn from 62.15m.
    • The encouraging results will be followed up with geological mapping and more systematic sampling in the coming months, working towards the next phase of drilling proposed for Q2.
    • The Company continues to collate and interpret all existing data for its Torrens East Copper Project.

Located some 335km north of Adelaide, the Arden Project boasts a large relatively unexplored exploration area of 1,664km2 and is highly prospective for sedimentary-exhalative (SEDEX) mineralisation. Within the Arden Project, up to three horizons of SEDEX zinc mineralisation were identified from the recent drilling programme at the Ragless Range Prospect extending over 3km of strike and open in every direction.

The sampling programme is focussed on gossanous areas in close proximity to interpreted major geological structures which coincided with the same stratigraphic horizons observed to host the zinc mineralisation at the nearby Ragless Range Prospect. This strategy followed up on the results from drill-hole RRDD007 completed by Auroch last year, which was drilled under an ironstone gossan coincident with where an interpreted fault structure intersected the stratigraphy hosting the SEDEX zinc mineralisation, resulting in significant high-grade zinc intercepts.

The sample results announced by Auroch today define an area of anomalous to high-grade copper at least 1km-long by 300m wide. Numerous ironstones and gossans outcrop within the mineralised area. The orientation of the ironstones is conformable to bedding and suggests they are stratabound. The host rocks consist of ferruginised carbonates similar to those observed at the Ragless Range Prospect.

Cadence currently owns 6.6% of the equity in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.

The full release can be found at: https://www.investi.com.au/api/announcements/aou/e7212489-71b.pdf

Cadence Minerals CEO Kiran Morzaria commented: “Following the high-grade zinc results announced at the recently-drilled Ragless Range Prospect, the Auroch investment case continues to build with a set of high-grade copper results announced from the Arden Project. As Auroch CEO Aidan Platel says, to get such high-grade copper results from first-pass surface-sampling over a 1km-long area is ‘extremely encouraging’. We look forward to further developments.”

– Ends –

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  
   
Novum Securities Limited (Joint Broker) +44 (0) 207 399 9400
Jon Belliss

 

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.

 

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.

British Airways Introduces Electric Cab Service at Heathrow – Via Breaking Travel News

British Airways has introduced a brand-new electric cab service at its Heathrow home, giving customers the opportunity to experience travelling in a legendary London taxi without leaving the airport.

The London Electric Vehicle Company taxi features Wi-Fi, phone, laptop and USB charging and a panoramic roof – great for plane spotting.

In addition, customers can expect a smooth ride, air-conditioning and a spacious cabin with room for all of customers’ hand luggage.

The taxis will join British Airways’ fleet of chauffeur-driven executive vehicles, to drive premium customers at risk of missing their connecting flight to meet their next aircraft.

Customers are met by the driver at the aircraft side and are driven directly to the aircraft side of their onward flight.

With every ride completely free of charge, there’s no need for customers to reach for their wallets.

Daljit Hayre, British Airways senior manager, Heathrow Customer Experience, said: “It’s great to see the reaction of customers when they’re met by a London taxi at the side of the aircraft, waiting to take them on to their next flight.

“They’ve told us how much they appreciate this gesture, plus they love the space in the vehicle for their hand baggage.

“We’re also really pleased that using new generation electric taxi reduces our carbon footprint.”

The initiative is part of British Airways’ long-term plan to reduce emissions from all vehicles at Heathrow and follows the introduction of electric aircraft pushback vehicles.

This is British Airways’ Centenary year.

The airline is investing £6.5 billion for customers over the next five years, including new aircraft, new cabins, new catering, new lounges, Wi-Fi, and new routes.

Alan Green on Cadence #KDNC Catenae Innovations #CTEA Warpaint London #W7L Bonmarche #BON & Andalas Energy & Power #ADL

Alan Green CEO of Brand Communications talks about: Cadence #KDNC Catenae Innovations #CTEA Warpaint London #W7L Bonmarche #BON & Andalas Energy & Power #ADL

(Interview starts at 22 minutes 3 seconds)

Alan Green Brand CEO talks about: Cadence #KDNC Prairie Mining #PDZ Countryside Properties #CSP & Ferrum Crescent #FCR with Justin Waite on the Vox Markets podcast

Alan Green CEO of Brand Communications talks about: Cadence #KDNC Prairie Mining #PDZ Countryside Properties #CSP & Ferrum Crescent #FCR

(Interview starts at 27 minutes 48 seconds)

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