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 – 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- Commencement of 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 (“DEV”) has restarted the sale and shipment of its iron ore stockpiles from Santana, Amapa, Brazil. This shipment represents the first export of iron ore since Cadence vested its equity interest (27%) in the Amapa Iron Ore Project (“Amapa Project”) earlier […]
UK Investor Magazine – Cadence Minerals: A Small Company making a Big Difference in Amapa, Brazil
From UK Investor Magazine By Alan Green On December 29, Cadence Minerals (AIM: KDNC), a mining investment company listed in London, announced that it had completed all the preconditions to invest into and acquire an initial 20% of the integrated Amapa iron mine, railway and port in North Eastern Brazil. When we talked to Cadence […]
Amapa Transformation – Cadence Minerals #KDNC CEO Kiran Morzaria talks to Alan Green direct from Santana Port, Amapa
Amapa Transformation Cadence Minerals #KDNC CEO Kiran Morzaria talks to Alan Green direct from the Port of Santana at Amapa. ~ Port operations ~ Bank Credit Committee approval ~ Pace of restructuring and the positive impact on the community and workers ~ Next steps