Cadence Minerals PLC Update - Auroch Minerals (9040N)
14 August 2017 - 7:36PM
UK Regulatory
TIDMKDNC
RNS Number : 9040N
Cadence Minerals PLC
14 August 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Alcoutim Copper Zinc Project - Portugal
Phase One Drilling Update
Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals
("Auroch") in which Cadence currently owns a 7.7% stake has
announced an update on its ongoing drill program at the Alcoutim
Copper Zinc Project, located in the highly prospective Iberian
Pyrite Belt in Portugal. The full Auroch release is available at:
http://clients3.weblink.com.au/pdf/AOU/01883377.pdf
Highlights
-- Completion of Phase One Hole 2
-- Hole 2 intersected target stratigraphy Volcanic Sedimentary Complex ("VSC") at 830m
-- Drilling of Hole 3 has commenced - target combines key
geological and geophysical elements of adjacent super cppper-zinc
mine Neves Corvo
- 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 Bavister
Square1 Consulting +44 (0) 207 929 5599
David Bick
Brian Alexander
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 GBP35 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
MSCLIFVATVISLID
(END) Dow Jones Newswires
August 14, 2017 05:36 ET (09:36 GMT)
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From Apr 2024 to May 2024
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From May 2023 to May 2024