Cadence Minerals (AIM: KDNC) is pleased to note that ASX listed Evergreen Lithium (“EG1”) (ASX: EG1) has announced that it is advancing exploration at its wholly-owned Leonora Goldfields Project (LGP) in Western Australia’s prolific central goldfields. The Company’s geology team recently conducted a multi-day site visit, completing detailed mapping across key prospects – Craig’s Rest, Victor Bore, and Great Northern – to finalise targets for an upcoming drilling campaign with the aim to expand the project’s 63,000oz gold resource.

The Leonora Goldfields Project (LGP), acquired by Evergreen in May 2025, is located near multimillion-ounce gold deposits including Red 5’s > 4Moz King of the Hills and Northern Star’s Thunderbox operations. The project hosts a JORC 2012-compliant inferred resource of 63,000oz of gold across three key prospects: Craig’s Rest (48,600oz), Victor Bore (11,700oz), and Great Northern (2,700oz).

Highlights:

·      Evergreen’s wholly-owned Leonora Goldfields Project in WA hosts a JORC 2012-compliant inferred gold resource of 63,000oz, with high-grade intercepts up to 5m at 57.9 g/t Au

·      A recent site visit by Evergreen’s geology team has confirmed high-grade potential, paving the way for a drilling campaign to expand and upgrade the resource

·      Strategically located in WA’s prolific central Goldfields, the project benefits from proximity to two large-scale gold processing plants within 40km, offering clear pathways to production

Link here to view the full EG1 ASX announcement

EG1 Chairman Simon Lill commented: “Our geology team has hit the ground running, with a successful site visit providing critical insights to formulate the inaugural drilling campaign. The Board believes there is considerable scope to create significant value for shareholders as we unlock the full potential of the Leonora Goldfields Project, leveraging its existing 63,000oz Au resource and historical high-grade drill results.”

Cadence’s Holding in EG1

As of the date of this announce Cadence holds approximately 5.1% of EG1’s issued share capital.

For further information contact:
Cadence Minerals plc	+44 (0) 20 3582 6636
Andrew Suckling
Kiran Morzaria
Zeus Capital Limited (NOMAD & Broker)	+44 (0) 20 3829 5000
James Joyce
Darshan Patel
Fortified Securities – Joint Broker	+44 (0) 20 3411 7773
Guy Wheatley
Brand Communications	+44 (0) 7976 431608
Public & Investor Relations
Alan Green