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 – First Amapa Iron Ore Shipment Completed and En Route

Further to the announcement made on the 29 March, 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 the first Iron Ore from the Amapa Iron Ore Project since 2015. Loading of the ship was completed on the 30 March and she […]

Cadence Minerals #KDNC – Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here) and represents the first shipment of Iron Ore from this asset since […]

Cadence Minerals #KDNC – Update on the Amapa Iron Ore Stockpile Shipment

  Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. Further to Cadence’s announcement on the 10 February 2021, we can confirm that the court ruling has been published and therefore it is now effective. DEV Mineração S.A’s (“DEV”) can […]

Cadence Minerals #KDNC – Update on Amapa Iron Ore Project Creditor Agreement & Court Petition to Commence Iron Ore Shipments

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil.  Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed […]

Cadence Minerals #KDNC – Updated Mineral Resource Estimate for the Amapa Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce the completion of the update of the Mineral Resource Estimate (“MRE”) in respect of its investment in the Amapá Iron Ore Project Brazil. Highlights: ·    Mineral Resource of 176.7 million tonnes (“Mt”) grading 39.7% Fe in the Indicated category, reported within an optimised pit shell and using […]

Cadence Minerals #KDNC – Amapa Iron Ore Project – Update on Bank Creditor Settlement and Operational Progress

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapá Iron Ore Project (“Amapá Project”), Brazil. Settlement of Bank Creditors In early September this year, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms […]

Amapa Iron Ore Project – Cadence Minerals #KDNC Agrees In Principle To Settlement Terms Proposed By Amapa Bank Creditors.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) have agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”), and the administrator […]

Cadence Minerals #KDNC – Update on Investment in the Amapa Iron Ore Project, Brazil.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project, Brazil. Progress with Secured Bank Creditors Since our last update in early August, DEV Mineraço S.A’s (“DEV”) Cadence and Indo Sino Pty Ltd (“the Investors”) have continued a constructive dialogue with the secured bank […]

Cadence Minerals #KDNC – Placing to Raise £1.25 million

Cadence Minerals (AIM/AQSE: KDNC; OTC: KDNCY) is pleased to announce that it has raised £1.25 million through the placing (“Placing“) of 10,416,662 new ordinary shares (“Placing Shares“) in the capital of the Company with new and existing investors at an issue price of 12pence per share (“Placing Price“), representing approximately 21.7% discount to closing mid-price on 19 August 2020. […]