Metals & Minerals News

Cadence notes ‘widespread’ lithium in Kenny results

Cadence Minerals plc’s investee company has identified “significant and widespread lithium” from auger and geochemical programme at the Kenny project within the Dundas mineral field of Western Australia. PRIORITY ZONES Evergreen’s results indicated “the potential for lithium, caesium and tantalum pegmatites” at the site. Five priority lithium target zones had Li2O assay results showing maximum […]

Metals & Minerals News

Cadence becomes largest shareholder in Evergreen

Cadence Minerals plc has filed its notice of being the largest shareholder in Evergreen Lithium Ltd after the investee company listed on the Australian Stock Exchange. SHARES The company holds 15,830,138 million shares, equivalent to 8.74% of the issued share capital of Evergreen, which listed on 11 April 2023. Cadence received the shares in July […]

Metals & Minerals News

Cadence notes completion of Amapá PFS

Cadence Minerals plc reported the completion of the pre-feasibility study (PFS) for the Amapá iron ore joint venture (JV) project in northeast Brazil. JV STRUCTURE Amapá is one of Cadence’s three investment projects in which it owns 27% of the JV company Pedra Branca Alliance (PBA) along with IndoSino (73%). PBA owns 100% equity of […]

Metals & Minerals News

Sunrise to advance projects after increase in losses

Sunrise Resources plc said it would continue to advance its projects after it recorded an increase in losses including impairment of exploration assets in Australia and the USA. FINANCES The group is not yet producing minerals from its perlite, pozzalan and sepiolite assets in Nevada and gold in Australia, and has no income other than […]

Finance Metals & Minerals News

Corcel reports increase in costs while losses widen

Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]