Cadence Minerals #KDNC – Amapá Project – Municipal Settlement, Technical Engagement and Development Progress Update

Cadence Minerals provides an update on the Amapá Iron Ore Project (“Amapá” or the “Project”), covering the resolution of long-standing municipal legacy matters, recent technical engagement with representatives of the State of Amapá, and continued progress across the Company’s staged redevelopment strategy. Highlights Municipal Legacy Resolved: DEV Mineração S.A. has completed the first payment under a […]

Cadence Minerals #KDNC – Execution of Binding Prepayment Offtake Agreement

Cadence Minerals (AIM: KDNC) (“Cadence Minerals”, “Cadence”, or “the Company”) is pleased to announce that the Company, together with its joint venture partners Pedra Branca Alliance Pte Ltd (“PBA”) and DEV Mineração S.A. (“DEV”), has executed a binding Prepayment Offtake Agreement (the “Agreement”) with its selected offtake and logistics partner (the “Offtaker”). The Agreement follows […]

Cadence Minerals #KDNC – PFS Level Economic Study for the Amapa Iron Ore Project Increases Net Present Value to US$1.97 Billion

Cadence Minerals (AIM: KDNC), the AIM-quoted investment company, is pleased to announce an updated Pre-Feasibility Study (“PFS”) on the Amapá Iron Ore Project (“Amapá”, “Project” or “Amapá Project”), in northern Brazil. Cadence owns an equity stake of 34.6% in the Project. The updated PFS is based on the Direct Reduction grade (“DR-grade”) flow sheet announced […]

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 – 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 […]