Cadence Minerals PLC Macarthur Bolsters Feasibility Study Team (1844T)
March 23 2021 - 6:01AM
UK Regulatory
TIDMKDNC
RNS Number : 1844T
Cadence Minerals PLC
23 March 2021
Cadence Minerals Plc
("Cadence Minerals", "Cadence")
Macarthur Minerals (TSX-V: MMS) (ASX: MIO) bolsters team with
world-class technical appointments to enhance delivery of Lake
Giles Feasibility Study Update.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note
that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the "Company" or
"Macarthur") has appointed two leading experts to its owners' team,
to enhance the delivery of the Feasibility Study for its high-grade
magnetite Lake Giles Iron Project in Western Australia.
Highlights of Appointments
-- Mineral Processing Engineer - Dr Richard Peck: Highly
regarded Mineral Processing Engineer, Dr Richard Peck appointed to
provide technical minerals processing support for Macarthur's
owners' team.
-- Mining Engineer - Mr Bernard Holtshousen: Globally recognized
and experienced Mining Engineer and corporate executive, Mr Bernard
Holtshousen appointed to provide technical and practical support to
optimise the Company's mining and development approach at Lake
Giles.
-- Appointments will provide enhanced rigour to the study
process and to ensure that the Feasibility Study is delivered
within expected timeframes.
The full announcement can be viewed here:
https://macarthurminerals.com/wp-content/uploads/2021/03/NR-FS-Update-Technical-appt_-23-March-2021.pdf
Commenting on the new appointments, Andrew Bruton, Chief
Executive Officer of Macarthur
Minerals stated: "Dr Peck and Mr Holtshousen are highly
experienced in their respective fields of minerals processing and
mine engineering. They bring enviable experience on a global scale
to Macarthur, and the appointments are another smart step to ensure
that Macarthur's owners' team is appropriately supported with the
disciplines necessary to deliver a robust study that is capable of
withstanding the rigour of technical and financial due diligence as
we move through project financing.
The most important factor in assembling the Macarthur owners'
team is to ensure that it includes
experienced professionals who have overseen successful mining
and magnetite processing operations.
The deliberate decision to combine the expertise of Dr Peck and
Mr Holtshousen is aimed at ensuring
that the Macarthur owners' team can facilitate responsible
strategies and improve the efficiency of
operations in the magnetite mining and processing at Lake Giles
so that Management can aim to deliver the best economic value for
the Company's assets for the benefit of its shareholders.
Macarthur will continue to build a world class project delivery
team that is required to successfully bring the Lake Giles Iron
Project out of the ground. We welcome Richard and Bernard to the
Macarthur team."
Cadence Minerals Holding in Macarthur
Cadence holds approximately 1% of the issued equity interest in
Macarthur, which is an Australian mining exploration company
focused primarily on iron ore, nickel, lithium and gold in Western
Australia. It also has a lithium project in Nevada, USA.
This news release is not for distribution to United States
Services or for Dissemination in the United States.
- Ends -
For further information: Cadence Minerals plc +44 (0) 7879 584153
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD
& Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Novum Securities Limited
(Joint Broker) +44 (0) 207 399 9400
Jon Belliss
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.
Forward-Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward-looking statements. Forward-looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding Cadence
Minerals Plc's future growth results of operations performance
future capital and other expenditures (including the amount. nature
and sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward-looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. Many factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of Cadence
Minerals Plc. Although any forward-looking statements contained in
this announcement are based upon what the Directors believe to be
reasonable assumptions. Cadence Minerals Plc cannot assure
investors that actual results will be consistent with such
forward-looking statements.
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