Cadence Minerals Plc

01/12/2025

Cadence Minerals (AIM: KDNC) is pleased to announce the ex*****on of a Binding Prepayment Offtake Agreement for the Amapá Iron Ore Project.

The US$4.6 million agreement fully funds the restart of the Azteca Plant, following the completion of extensive technical, legal and commercial due diligence by our offtake and logistics partner.

Key points from the RNS:
• Azteca restart now fully funded
• Expected ~70% IRR on Cadence’s contribution
• Early cashflow anticipated to support working capital and the Amapá DFS
• Major de-risking milestone for the wider 5.5 Mtpa DR-grade development
• Strengthens Cadence’s 35.7% interest in a long-life iron ore asset

The project team now moves toward securing the mine installation licence, after which refurbishment and commissioning of Azteca will begin.

Read the full RNS: https://shorturl.at/TWOkO

13/08/2025

17/06/2025

More progress at Cadence Minerals ' Amapa iron ore project in Brazil. It's a giant project, but the plan is to develop it in stages. Kiran Morzaria joins Vox to discuss the current status of the project and what comes next.

More progress at Cadence Minerals' Amapa iron ore project in Brazil. it's a giant project, but the plan is to develop it in stages, and potentially to bring in a partner to help. Kiran Morzaria, Cadence's chief executive joins Vox to tell us how the project sits at the moment, andd what happens next...

10/12/2024

🚀 Exciting times for Cadence! Zeus Capital's updated note highlights that the Amapá Project could be a game-changer. Current valuation underestimates potential—transformative development ahead! 🌟💼
https://ow.ly/mWwg50Ulgse

05/12/2024

🚀 Exciting news! Our latest Investor Presentation is now live! Dive in to explore refreshed valuations and insights on the Amapa Iron Ore project. 🔗
https://ow.ly/NxiI50UlhZV

04/12/2024

🚀 Exciting news from Cadence Minerals! Our updated Pre-Feasibility Study for the Amapá Iron Ore Project has boosted the post-tax Net Present Value to an impressive US$1.97 billion, marking a 73% increase! With a 56% IRR and projected free cash flow of $342 million annually, this project promises massive growth. The future looks bright for Cadence! 🌟
Click ⬇️⬇️for further details
https://ow.ly/B5nU50UkJxa

26/11/2024

🚀 **Unlock the Future of Iron Production with Cadence Minerals (AIM: KDNC)!** 🌟 High-purity DR-grade iron concentrates at our Amapá Project —67.5% Fe, silica & alumina below 1.5%! 📈 With projected premium increases and a solid economic model on the way! 🔗https://ow.ly/TzMe50UfFVS

29/10/2024

EverGreen Lithium has discovered spodumene at the Bynoe Project, where Cadence Minerals holds an 8.74% stake! 🌟 Multiple intersections confirmed 🔋🔍 https://ow.ly/z6jH50TVhfP

Highlights:
• Initial results from the ongoing AC drilling program along Line 6 on the western flank have confirmed multiple intersections of spodumene-bearing pegmatites
• The pegmatite intersections have initially been confirmed in four drill holes
• Initial interpretation indicates multiple stacked, shallow-dipping pegmatites, like lithium-bearing systems like Hang Gong and Lees Booth

17/10/2024

Cadence's investment in EverGreen is making significant progress in developing the Byone Project.

✅The second phase of near-surface drilling at Bynoe targeted two LCT pegmatite high-potential zones and an area of gold-arsenic anomalism.

✅Mapping has identified prospective areas for air-core drilling targeting LCT pegmatites in the west and north-west of the lease.

✅Arsenic anomalism in soil sampling results and geological mapping has highlighted an extensive zone with the potential for gold mineralization.

📈

Full announcement - https://ow.ly/IoNK50TNlmL

27/09/2024

Cadence interims for the 6 months ended 30 June 2024

Amapá Project highlights during the period & post-period end:

✅ The completion of optimisation studies resulting in a 20% increase of Post-tax Net Present Value (“NPV”) to US$1.14 billion, with profit after tax of US$3.14 billion over the Life of Mine
✅ A 10% increase in average production after ramp-up to 5.82 million dry metric tonnes per annum (“Mtpa”) of Fe concentrate, consisting of 4.81 Mtpa at 65.4% Fe and 1.01 Mtpa at 62% Fe concentrate.
✅ A 6% decrease in Free on Board C1 Cash Costs to US$33.5/dry metric tonne.
✅ The submission of required environmental studies and applications for the grant of the installation licenses at the Amapá Project.
✅ The completion of the design of a 67% concentrate flow sheet, with testing of the design currently underway.

Plus we see positive indications in the market, with market commentators forecasting improvements in 2025 and supply shortfalls in the 2030s

read: https://ow.ly/W6Kw50TwRyf

23/09/2024

We recently updated the long-term mine plan of the Amapa Iron Ore Project. But why did we do this given we already had a life of mine plan (“LOM”) published in 2023?

The answer is that we have updated the long-term mine plan for the Amapa Iron Ore Project to accommodate changes in the mineral process flow sheet. The updated flow sheet increased the material needed for the plant and raised production levels, requiring us to rearrange the mining sequence for sustainable and economically viable iron extraction throughout the project's lifespan. The pre-feasibility study involved evaluating reserves, mine design, life of mine planning, production scheduling, mining methods, treatment routes, cut-off factors, recoveries, dilution, and losses in both mining and treatment processes.

The animation below is a simplified mining sequence of the minerals deposit. . (N.B. Dates are for illustrative purposes only)

18/09/2024

The iron ore industry is changing due to the expansion of carbon-neutral steelmaking feedstocks. Pricing is expected to put a premium on specialised ores. The steel industry's move to DRI-EAF is estimated to require an additional 348(Mtpa) of high-purity iron by 2035.