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 -Port Concession Update, Amapa Project

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce the approval of the change of control request for the federal port concession owned by DEV Mineraço S.A.’s (“DEV”) (“Port Change of Control”).Alongside the reinstatement of the life of mine railway concession by the State of Amapa in December 2019, details of which can be […]