Cadence Minerals plc said it had completed the sale of its working interests in the Yangibana rare earths project tenements to Hastings Technology Metals. TERMS For its 30% stake the company received AUS$9 million (£5.1m) in 2.45m new ordinary shares in owner and operator Hastings. The shares represent approximately 1.9% of the current issued share […]
Tag: Cadence Minerals plc
Cadence Minerals reports director dealings
Cadence Minerals plc reported director dealings of its chief executive officer Kiran Morzaria. Mr Morzaria purchased 45,454 shares at 0.11p and now owns 1,472,434 shares. Other directors’ current holding includes finance director Donald Strang with 957,545 shares; chairman Andrew Suckling, 381,602; and non-executive director Adrian Fairbourn,731,005.
PFS confirms strong LoM returns at Amapá
Cadence Minerals plc said its pre-feasibility study (PFS) confirmed the potential for high-grade iron ore concentrate production and strong returns over life of mine (LOM) at the Amapá iron ore project in northeast Brazil. PFS Wardell Armstrong International compiled the PFS which was managed by Pedra Branca Alliance Pte. Ltd, Cadence and Indo Sino Pte […]
Cadence to increase stake in Amapá iron ore
Cadence Minerals plc said it intended to increase its stake from 27% to 30% in the Amapa iron ore project in Brazil. FINANCE The company added it would retain its first right of refusal to acquire 49% of the asset. Cadence will earn the additional 3% through conversion of loans, capitalisation of management, consultancy, and […]
Cadence notes significant MRE increase at Amapá
Cadence Minerals plc reported an increase in JORC resource, with greater tonnage in measured and indicated categories, at its joint venture Amapá iron ore project in Brazil. MRE Partner DEV Mineraço S.A.’s new mineral resource estimate (MRE) shows an increase in total measured, indicated and inferred mineral resources, to 276.24 million tonnes (Mt) grading 38.33% […]
Cadence on course for inaugural Amapá MRE and PFS
Cadence Minerals plc reported that contractors have visited their engineering areas ahead of a pre-feasibility study (PFS) for the Amapa iron ore project in Brazil. ORE RESERVE Wardell Armstrong International were also on-site as part of its role in the publication of the PFS. Focus has also continued on environmental permitting, compliance with Brazilian legislation […]