Cadence Minerals #KDNC – Corporate Update
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on the progress of three of its investments. The latest presentation is available on our website. Hastings Technology Metals (ASX: HAS) (“Hastings”) On 25 January 2023, Cadence completed the sale of its 30% stake in several mineral concessions forming part of the Yangibana […]
Cadence Minerals #KDNC – Pre-Feasibility Study Delivers Robust Economics for the Amapá Iron Ore Project, Brazil
Post-Tax Project NPV US$949 million, Internal Rate of Return of 34% and a Project Maiden Ore Reserve Estimate of 195.8 Mt (Cadence attributable of 58.74 Mt) at 39.34% Fe Declared Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce the completion of the Pre-Feasibility Study (“PFS”) on the Amapá Iron Ore Project, Brazil (“Amapá” […]
Cadence Minerals #KDNC – Corporate Update
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on the progress of three of its investments. Amapá Iron Ore Project Cadence is pleased to report that the pre-feasibility study for the Amapá Iron Ore Project has now been completed, and an announcement is expected to be released early in the New […]
Cadence Minerals #KDNC – Investment Update
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to update shareholders on the progress of its principal investments. Highlights: Completion of Amapa Ore Reserve Estimate supports planned 15-year mine life Cadence increases Amapa stake to 30% through conversion of loans, capitalisation of management, consultancy, admin and cash investment. No additional capital raising required. European Metals […]
Cadence Minerals #KDNC – Interview with Kiran Morzaria direct from Santana, Brazil
Alan Green talks to Cadence CEO Kiran Morzaria direct from Santana Port, Brazil. Today, Cadence has announced a substantial upgrade in total Measured, Indicated and Inferred Mineral Resources, to 276.24 Million Tonnes at a grading of 38.33% Fe at the Amapa iron ore project. Valued by former owner Anglo American at $600m in 2012, an investment […]
Cadence Minerals #KDNC – Mineral Resource Increase & Upgrade at the Amapá Iron Project
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S/A (“DEV”) has completed a new Mineral Resource Estimate (“MRE”) in compliance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code, 2012”) for the Amapá Iron Ore Project Brazil. Highlights: Substantial increase in total Measured, […]
Cadence Minerals #KDNC – Fourth Amapa Iron Ore Shipment Completed and En Route
Further to the announcement made on the 7 April 2022, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has completed the sale and shipment of Iron Ore from the Amapa Iron Ore Project (“Amapa Project”). Highlights: DEV has shipped and sold the fourth batch of iron ore from […]
Cadence Minerals #KDNC Provides PFS Update for the Amapa Iron Ore Project & Appoints Wardell Armstrong as PFS Manager
Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to provide an update on the ongoing Pre-Feasibility Study (“PFS”) at its flagship Amapa Iron Ore Project (“Amapa” or “Amapa Project”). Amapa is a substantial integrated mine, beneficiation plant, railway and port in the northeast of Brazil. It was previously owned by Anglo American (70%) and Cliffs […]
Cadence Minerals #KDNC formally completes Phase Two to vest its 27% in the Amapa Iron Ore Project
Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to report that further to the announcement of February 7th 2022 (link here), all of the required contractual documentation has been completed, and Cadence now has vested its 27% of the Amapa Iron Ore Project (“Amapa Project” or “Amapa”). This second stage of investment was to acquire […]
Cadence Minerals #KDNC formally completes Phase One to vest its 20% in the Amapa Iron Ore Project
Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that further to the announcement of December 29th 2021 (link here), all of the required contractual and regulatory documentation has been completed and filed and Cadence now owns 20% of the Amapa Iron Ore Project. On the 24th December 2021, the Company alongside Indo Sino […]