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KDNC Cadence Minerals Plc

5.7999
0.2999 (5.45%)
15:29:41 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Cadence Minerals Plc AQSE:KDNC Aquis Stock Exchange Ordinary Share GB00BJP0B151
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.2999 5.45% 5.7999 5.00 6.00 5.7999 5.1251 5.50 40,235 15:29:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cadence Minerals PLC Update - Macarthur Minerals (3843X)

23/11/2017 1:48pm

UK Regulatory


Cadence Minerals (AQSE:KDNC)
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From Mar 2019 to Mar 2024

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RNS Number : 3843X

Cadence Minerals PLC

23 November 2017

23 November 2017

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Macarthur Minerals Update - Confirmed Lithium Mineralisation at the Tambourah Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Macarthur Minerals Limited (TSX-V: MMS) has announced that it has confirmed lithium mineralisation at the Tambourah Lithium Project ("Tambourah Project"), in the Pilbara region of Western Australia, with rock chip assay results of up to 1.47% Li(2) O.

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 a lithium project in Nevada, USA.

The full release can be found at: https://web.tmxmoney.com/article.php?newsid=5353253625633514&qm_symbol=MMS

Kiran Morzaria, Chief Executive Officer of Cadence, commented:

"This is an exciting discovery of a mineralized pegmatite containing up to 1.47% Li2O, showing excellent potential for lithium. Macarthur Minerals will be undertaking further geochemical sampling to discover additional pegmatites that host lithium and we look forward to future developments on this prospect."

- 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 GBP25 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 23, 2017 08:48 ET (13:48 GMT)

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