Cadence Minerals PLC Macarthur Minerals - Update (5385Q)

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RNS Number : 5385Q

Cadence Minerals PLC

12 September 2017

Cadence Minerals Plc

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

Macarthur Minerals - Update

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Macarthur Minerals ("Macarthur") in which Cadence currently owns a 16.1% stake has announced that it has expanded its Pilbara, Western Australia, tenements to include historical rock chip sampling results of up to 447 grams per tonne gold and 7.8% copper.

The full release can be found at:

https://web.tmxmoney.com/article.php?newsid=8874293523675473&qm_symbol=MMS

Highlights from the Macarthur Release

-- Macarthur has entered into a Letter of Intent to acquire Exploration Licence E45/4685, which immediately adjoins the Company's Exploration Licence Applications E45/4824, E45/4708 and E45/4709.

   --     These tenements surround the mining lease of the historic Edelwiess gold mine. 

-- Historical results, in addition to numerous gold occurrences recorded between the Table Top and Edelweiss Mines over a strike of 7.5 km, suggest the area is highly prospective for both gold and copper mineralisation.

- Ends -

 
For further information, please contact. 
 
                                           +44 (0) 207 
Cadence Minerals plc                        440 0647 
Andrew Suckling 
Kiran Morzaria 
 
                                           +44 (0) 207 
WH Ireland Limited (NOMAD & Broker)         220 1666 
James Joyce 
James Bavister 
 
                                           +44 (0) 207 
Hannam & Partners LLP (Joint Broker)        907 8500 
Neil Passmore 
Giles Fitzpatrick 
 
                                           +44 (0) 207 
Square1 Consulting                          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 GBP20 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

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September 12, 2017 09:59 ET (13:59 GMT)