Cadence Minerals #KDNC – Optimisation Study Delivers Material Capital Savings at the Amapá Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report the successful completion of its capital expenditure optimisation program at the Amapá Iron Ore Project (the “Project”, “Amapa” or “Amapá Project”). The program has identified significant savings in processing plant recommissioning and increased production. The optimisation study was conducted at a pre-feasibility level and marks […]

Cadence Minerals #KDNC – Progress at the Amapá Iron Ore Project and Corporate Update

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on the developments at the Company’s flagship Amapá Iron Ore Project in Brazil (“Amapá Project”), with updates also provided on our other investments. Highlights:  Optimisation studies to reduce Amapá plant capital expenditure are nearing completion. An additional processing flow sheet is being developed […]

Cadence Minerals #KDNC – Interim Results for the Six Months Ended 30 June 2023

Cadence Minerals plc (AIM/AQX: KDNC) is pleased to announce its interim results for the six months ended 30 June 2023. HIGHLIGHTS Amapá Pre-Feasibility Study (“PFS”) completed. The study established that the Amapá mine has potential to deliver a robust 5.28 Mtpa (dry) iron ore operation & excellent cash flow including a post-tax NPV of US$949 […]

Cadence Minerals #KDNC – Shares Magazine Investor Evening Presentation

Following a recent management trip to the Company’s flagship Amapa Iron Ore project in Brazil, Cadence CEO Kiran Morzaria presents the latest developments at the Shares Magazine Investor evening event in London. In addition to covering the last developments at Amapa, Kiran also covers the Cadence investment portfolio, including holdings in European Metals Holdings (AIM: […]

Cadence Minerals #KDNC – Licensing & Construction Timeline for Amapa Iron Ore Project

Cadence CEO Kiran Morzaria talks to Mark Fairbairn at Stockbox and covers the latest update re the timelines for obtaining essential licenses for the Amapa iron ore project in Brazil. Kiran explains how the timelines have been significantly shortened 12 to 16 months, a marked improvement from the typical 36-month process. Following the installation license […]

Edison Research Note: Cadence Minerals #KDNC – A mispriced miner?

Cadence Minerals #KDNC is a mining-focused investment company with unlisted investment assets that the market appears to be clearly mis-pricing. Its portfolio of public equities accounts for £10.2m of its £12.7m market cap, leaving an implied combined value of £2.5m for its 30% stake in the Amapá #ironore project and its minority stake in the […]

Cadence Minerals #KDNC June 2023 – CEO Kiran Morzaria talks to Alan Green

Cadence CEO Kiran Morzaria talks to Alan Green and discusses the $2m funding package announced last week, which has raised a few questions from investors. Kiran explains the finance structure, the progress the money is expected to deliver for Amapa and also discusses markets and the current share price. We then discuss the shipping of […]

Cadence Minerals #KDNC – Amapa Project Update & Loan Financing

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce an update on the Amapá Iron Ore Project (“Amapá”) and the completion of a Mezzanine Loan Facility (“Loan Facility”), which will be applied to the Amapá project.  Highlights Ø Savings of approximately US$28 million were identified on port refurbishment costs at Amapá. Ø Cadence has […]