Cadence (AIM/NEX: KDNC; OTC: REMMY) is pleased to report that Hastings Technology Metals Limited, Cadence’s 70% joint venture partner in the Yangibana Neodymium Project in Western Australia, has announced that the final DFS drilling programme has commenced at Yangibana.
The full Hastings release is available at:
https://gallery.mailchimp.com/6cc38f730035ae0a04d99359c/files/653af9a8-cdfc-4e33-999a-0221169a09d2/HAS_20170515_2017_Drilling_Programme_Commences_Yangibana_amended_15th_May_v2.pdf
HIGHLIGHTS
- Resource Upgrade and Expansion Drilling Programmes Commence.
- Infill drilling at well-defined deposits Fraser’s, Bald Hill, Yangibana West and Yangibana North (of these deposits Cadence has a 30% interest in Yangibana North only) to upgrade current Inferred Resources.
- Similar infill drilling planned for Auer and Auer North.
- New prospects identified by the Company to be drilled to increase total Resources.
- Objective is to increase Measured plus Indicated Resources to support a 10-year mining operation.
- Further drilling planned post-DFS to further expand the life of the operation.
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For further information please contact |
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Cadence Minerals plc |
+44 (0) 207 440 0647 |
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Andrew Suckling |
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Kiran Morzaria |
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WH Ireland Limited (NOMAD & Broker) |
+44 (0) 207 220 1666 |
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James Joyce |
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James Bavister |
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Square1 Consulting |
+44 (0) 207 929 5599 |
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David Bick |
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Brian Alexander |
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 £35 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.