Cadence Minerals PLC Update - Macarthur Minerals (2601X)
November 22 2017 - 9:09AM
UK Regulatory
TIDMKDNC
RNS Number : 2601X
Cadence Minerals PLC
22 November 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Macarthur Minerals Update - Artemis Resources to commence
exploration for conglomerate gold on Macarthur's Pilbara
tenements
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to
report that Macarthur Minerals Limited (TSX-V: MMS) has announced
that Artemis Resources Limited ("Artemis") is to commence
exploration for conglomerate hosted gold at Macarthur Minerals' two
licensed tenements in the Pilbara region of Western Australia,
under an option agreement between the two companies announced last
month.
Cadence has a 15.2% equity interest in Macarthur, which is an
Australian mining exploration company focused primarily on lithium,
iron ore and gold in the Pilbara region of Western Australia. It
also has a lithium project in Nevada, USA.
The full release can be found at:
https://web.tmxmoney.com/article.php?newsid=4540167949465851&qm_symbol=MMS
Kiran Morzaria, Chief Executive Officer of Cadence,
commented:
"The discovery of conglomerate hosted gold within the Pilbara
region of Western Australia is opening up a potentially significant
new gold province, the mineralisation is thought to be analogous to
the Witwatersrand gold province in South Africa where approximately
1.6 billion ounces of gold have been mined. We look forward to
hearing the progress of exploration on these tenements."
- Ends -
For further information,
please contact.
Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD
& Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Hannam & Partners LLP (Joint
Broker) +44 (0) 207 907 8500
Neil Passmore
Giles Fitzpatrick
Square1 Consulting +44 (0) 207 929 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 GBP25 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
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