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#KDNC – Zeus Capital Cadence Minerals Azteca refurbishment nearing completion and operating licence application submitted
-Cadence has provided an update as it prepares the Azteca plant for production – refurbishment remains ahead of schedule at 97% physical completion.
-Most significantly, the electrical systems and circuits – a recognised critical path – are ahead of planned timelines
-Revenues from Azteca will reduce investors’ exposure to dilution as Cadence progresses the final feasibility study for Amapá. We see fair value at 14.6p per share.