Cadence Minerals PLC Macarthur Minerals - Update (5385Q)
September 12 2017 - 9:59AM
UK Regulatory
TIDMKDNC
RNS Number : 5385Q
Cadence Minerals PLC
12 September 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Macarthur Minerals - Update
Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Macarthur
Minerals ("Macarthur") in which Cadence currently owns a 16.1%
stake has announced that it has expanded its Pilbara, Western
Australia, tenements to include historical rock chip sampling
results of up to 447 grams per tonne gold and 7.8% copper.
The full release can be found at:
https://web.tmxmoney.com/article.php?newsid=8874293523675473&qm_symbol=MMS
Highlights from the Macarthur Release
-- Macarthur has entered into a Letter of Intent to acquire
Exploration Licence E45/4685, which immediately adjoins the
Company's Exploration Licence Applications E45/4824, E45/4708 and
E45/4709.
-- These tenements surround the mining lease of the historic Edelwiess gold mine.
-- Historical results, in addition to numerous gold occurrences
recorded between the Table Top and Edelweiss Mines over a strike of
7.5 km, suggest the area is highly prospective for both gold and
copper mineralisation.
- Ends -
For further information, please contact.
+44 (0) 207
Cadence Minerals plc 440 0647
Andrew Suckling
Kiran Morzaria
+44 (0) 207
WH Ireland Limited (NOMAD & Broker) 220 1666
James Joyce
James Bavister
+44 (0) 207
Hannam & Partners LLP (Joint Broker) 907 8500
Neil Passmore
Giles Fitzpatrick
+44 (0) 207
Square1 Consulting 929 5599
David Bick
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the
information contained in this announcement. Kiran holds a Bachelor
of Engineering (Industrial Geology) from the Camborne School of
Mines and an MBA (Finance) from CASS Business School.
About Cadence Minerals:
Cadence is dedicated to smart investments for a greener world.
The planet needs rechargeable batteries on a global scale -
upcoming supersized passenger vehicles, lorries and buses - require
lithium and other technology minerals to power their cells. Cadence
is helping find these minerals in new places and extracting them in
new ways, which will meet the demand of this burgeoning market.
With over GBP20 million vested in key assets globally, Cadence is
helping us reach tomorrow, today.
Cadence invests across the globe, principally in lithium mining
projects. Its primary strategy is taking significant economic
stakes in upstream exploration and development assets within
strategic metals. We identify assets that have strategic cost
advantages that are not replicable, with the aim of achieving lower
quartile production costs. The combination of this approach and
seeking value opportunities allows us to identify projects capable
of achieving high rates of return.
The Cadence board has a blend of mining, commodity investing,
fund management and deal structuring knowledge and experience, that
is supported by access to key marketing, political and industry
contacts. These resources are leveraged not only in our investment
decisions but also in continuing support of our investments,
whether it be increasing market awareness of an asset, or advising
on product mix or path to production. Cadence Mineral's goal is to
assist management to rapidly develop the project up the value curve
and deliver excellent returns on its investments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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