http://static1.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 23 Oct 2017 10:41:53 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Cadence Minerals: Macarthur Minerals confirms potential for high grade gold at Pilbara ]]> http://static1.proactiveinvestors.co.uk/companies/news/185960/cadence-minerals-macarthur-minerals-confirms-potential-for-high-grade-gold-at-pilbara-185960.html Rock chip sampling at Cadence Minerals Plc’s (LON:KDNC) investee company Macarthur Minerals Limited (CVE:MMS) has once again highlighted the potential for high grade gold at its Pilbara tenements in Western Australia.

A rock chip from a recent reconnaissance visit to its Hillside project returned 8.5 grams per tonne (g/t) of gold.

The purpose of that trip was to investigate further the “highly anomalous” gold results reported in the past.

“Macarthur Minerals is excited about the potential for high grade gold on its Pilbara tenements that were primarily acquired for lithium,” said Macarthur chief executive David Taplin.

“Historical rock chip sampling on its Hillside Project returned results up to 447 g/t gold and 7.8% copper.

“A rock chip from a recent reconnaissance visit with Artemis Resources to the Hillside project returned 8.5 g/t gold.”

He added: “This further confirms the potential for high grade gold on the project. The Project is located on or adjacent to the same geological formations as the recent gold nugget discovery of Kalamazoo Resources Limited further north.”

Cadence has a 15.7% equity stake in Macarthur – an Australian explorer focused primarily on lithium and iron ore in the Pilbara region of Western Australia. It also has a lithium project in the USA.

Cadence shares were up 3.6% to 0.35p in afternoon trading on Friday.

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Fri, 20 Oct 2017 14:40:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185960/cadence-minerals-macarthur-minerals-confirms-potential-for-high-grade-gold-at-pilbara-185960.html
<![CDATA[RNS press release - Macarthur Minerals Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171020133258_13404201/ Fri, 20 Oct 2017 13:32:58 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171020133258_13404201/ <![CDATA[RNS press release - Bacanora Minerals - Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171020103113_13403852/ Fri, 20 Oct 2017 10:31:13 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171020103113_13403852/ <![CDATA[News - Cadence Minerals: Macarthur Minerals completes acquisition of 15% of Yalgoo Exploration ]]> http://static1.proactiveinvestors.co.uk/companies/news/185901/cadence-minerals-macarthur-minerals-completes-acquisition-of-15-of-yalgoo-exploration-185901.html Cadence Minerals Plc (LON:KDNC) noted that investee firm Macarthur Minerals Limited has completed its acquisition of 15% of Yalgoo Exploration Pty Ltd which owns  the Melville Gold Project in Western Australia.

Yalgoo Exploration owns two granted exploration licences (E59/2077 and E59/2140), covering an area of 191 square kilometres (47,161 acres) in the Murchison region, which are alocated approximately 500 km north-east of Perth.

READ: Cadence Minerals: Macarthur Minerals cleared for exploration in Pilbara

Cadence has a 15.7% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium and iron ore in the Pilbara region of Western Australia. It also has a lithium project in the USA.

Kiran Morzaria, chief executive officer of Cadence, commented: "We believe that this acquisition brings additional value to the Macarthur Minerals, especially with the gold price at its current level."

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Thu, 19 Oct 2017 15:20:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185901/cadence-minerals-macarthur-minerals-completes-acquisition-of-15-of-yalgoo-exploration-185901.html
<![CDATA[RNS press release - Macarthur Minerals Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171019131020_13402582/ Thu, 19 Oct 2017 13:10:20 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171019131020_13402582/ <![CDATA[News - Cadence Minerals: Macarthur Minerals cleared for exploration in Pilbara ]]> http://static1.proactiveinvestors.co.uk/companies/news/185587/cadence-minerals-macarthur-minerals-cleared-for-exploration-in-pilbara-185587.html Cadence Minerals Plc (LON:KDNC) has highlighted another boon for its investment in Macarthur Minerals Limited (TSX-V: MMS) which is able to take forward exploration acreage in the Pilbara region of Western Australia.

In a statement, Cadence noted that the Western Australian Minister for Mines and Petroleum will not refuse any of the applications for exploration licences made by Macarthur Lithium Pty Ltd in the Pilbara.

It added that applications for forfeiture made against each of the company's 15 iron ore tenements will be withdrawn.

"We are delighted that, with this Ministerial clearance, Macarthur Minerals can now commence its planned exploration activities on the Pilbara tenements," said Kiran Morzaria, Cadence chief executive.

Cadence owns a 15.7% stake in Macarthur.

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Fri, 13 Oct 2017 15:00:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185587/cadence-minerals-macarthur-minerals-cleared-for-exploration-in-pilbara-185587.html
<![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171013142748_13396591/ Fri, 13 Oct 2017 14:27:48 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171013142748_13396591/ <![CDATA[News - Cadence Minerals: Macarthur expands Pilbara footprint ]]> http://static1.proactiveinvestors.co.uk/companies/news/185523/cadence-minerals-macarthur-expands-pilbara-footprint-185523.html Cadence Minerals Plc (LON:KDNC) told investors that its associate Macarthur Minerals has agreed to acquire all of an exploration area in the Pilbara region of Western Australia.

The area covers thirteen square kilometres adjacent to tenements that are part of Macarthur’s farm-in arrangement with Artemis Resources.

"We are pleased that Macarthur Minerals has enlarged its position in the Pilbara region with the new tenement bringing in an exciting new target for exploration," said Kiran Morzaria, Cadence chief executive.

Cadence owns a 17.5% stake in Macarthur.

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Thu, 12 Oct 2017 14:34:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185523/cadence-minerals-macarthur-expands-pilbara-footprint-185523.html
<![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171012135909_13395045/ Thu, 12 Oct 2017 13:59:09 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171012135909_13395045/ <![CDATA[News - Cadence Minerals updates on Macarthur and Auroch ventures ]]> http://static1.proactiveinvestors.co.uk/companies/news/185112/cadence-minerals-updates-on-macarthur-and-auroch-ventures-185112.html Cadence Minerals Plc (LON:KDNC) has confirmed that it has retained its options to acquire 80% of two mineral tenements in the Pilbara region of western Australia.

It followed a payment of AU$60,000 to associate Macarthur Minerals.

In a separate statement the company gave details of exploration results captured by Auroch Minerals, in which Cadence owns a 7.7% equity stake, at the Alcoutim copper-zinc project.

Auroch revealed that it had has intersected sulphide mineralisation at its Alcoutim and drilling operations continue there.

"The results to date from the Alcoutim project have been encouraging, the drilling has identified several indicators that when combined indicates that the current drill hole is within a highly prospective zone, we look forward to hearing updates from Auroch as it deepens this hole," said chief executive Kiran Morzaria.

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Wed, 04 Oct 2017 16:01:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185112/cadence-minerals-updates-on-macarthur-and-auroch-ventures-185112.html
<![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171004155727_13386248/ Wed, 04 Oct 2017 15:57:27 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171004155727_13386248/ <![CDATA[News - Cadence Minerals says investee company Auroch finds sulphide mineralisation at its Alcoutim project in Portugal ]]> http://static1.proactiveinvestors.co.uk/companies/news/185063/cadence-minerals-says-investee-company-auroch-finds-sulphide-mineralisation-at-its-alcoutim-project-in-portugal-185063.html Cadence Minerals Plc (LON:KDNC) (OTC:KDNCY) has announced that investee company Auroch Minerals (ASX:AOU) has intersected sulphide mineralisation at its Alcoutim Copper-Zinc Project in Portugal.

In a statement, Auroch  - in which Cadence currently owns a 7.7% equity stake –said disseminated and vein mineralisation has been logged in volcanic sediments at Alcoutim which are interpreted to be similar rocks to the host sequence at the Super Giant Neves Corvo Cu-Zn Deposit.

READ: Auroch repays Cadence's faith with reports of significant mineralisation at Tisova

The Australian group also highlighted increasing electrical magnetic activity at the base of Hole ALFP003, which will now be deepened to follow up on the conductivity anomaly.

Kiran Morzaria, Cadence’s chief executive officer, commented: "The results to date from the Alcoutim project have been encouraging, the drilling has identified several indicators that when combined indicates that the current drill hole is within a highly prospective zone, we look forward to hearing updates from Auroch as it deepens this hole."

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Wed, 04 Oct 2017 14:09:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185063/cadence-minerals-says-investee-company-auroch-finds-sulphide-mineralisation-at-its-alcoutim-project-in-portugal-185063.html
<![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171004131945_13385988/ Wed, 04 Oct 2017 13:19:45 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171004131945_13385988/ <![CDATA[RNS press release - Update - European Metals Holdings ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171003113305_13384167/ Tue, 03 Oct 2017 11:33:05 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20171003113305_13384167/ <![CDATA[News - Cadence Minerals aims to invest funds from Bacanora stake sale ]]> http://static1.proactiveinvestors.co.uk/companies/news/184819/cadence-minerals-aims-to-invest-funds-from-bacanora-stake-sale-184819.html Cadence Minerals PLC (LON:KDNC) said each of its investments made good progress in the first half.

Earlier this month, it sold almost half of its stake in AIM-quoted lithium explorer Bacanora Minerals Ltd (LON:BCN) for £6.23mln, and it says it plans to invest some of that profit to identify further new early stage exploration assets.

READ: Cadence’s investee company Macarthur Minerals signs earn-in agreement with Artemis Resources

"The first six months was another very busy and productive period for Cadence Minerals. We continued to focus on progressing our portfolio and identifying new early stage projects with the potential for achieving superior investment returns," said Kiran Morzaria, chief executive said in a statement.

Highlights of the period included European Metals Holdings, which owns the Cinovec project in the Czech Republic, issuing its pre-feasibility study which estimated a net present value of US$540mln. Offtake agreements were also signed for Yangibana's Mixed Rare Earth Carbonate.

The profit before tax was £895,000.

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Fri, 29 Sep 2017 08:40:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/184819/cadence-minerals-aims-to-invest-funds-from-bacanora-stake-sale-184819.html
<![CDATA[RNS press release - Interim Results ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170929070004_13379600/ Fri, 29 Sep 2017 07:00:04 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170929070004_13379600/ <![CDATA[News - Cadence’s investee company Macarthur Minerals signs earn-in agreement with Artemis Resources ]]> http://static1.proactiveinvestors.co.uk/companies/news/184775/cadences-investee-company-macarthur-minerals-signs-earn-in-agreement-with-artemis-resources-184775.html Cadence Minerals Plc’s (LON:KDNC) investee company Macarthur Minerals Limited (CVE:MMS) has signed an agreement with ASX-listed Artemis Resources which could see the latter earn-in up to an 80% interest in two of Macarthur’s tenements in the Pilbara region of Western Australia.

The two tenements cover a total of 265 sq. km, with Artemis specifically interested in the conglomerate gold potential.

Artemis is already active in the area having recently entered into an earn-in and joint venture with Nove Resources for gold.

Artemis – which is paying A$60,000 up front for the earn-in option – can earn up to an initial 65% in the tenements by spending A$1mln on them or by paying Macarthur a further A$1mln less any expenses within three years.

It can then earn another 15% by paying Macarthur A$1mln either in shares or cash at its own election.

‘Positive move towards commercialisation’

“With the increasing interest for a potential "Witwatersrand" style gold mineralised system within the Pilbara region of Western Australia, the agreement between Artemis and Macarthur is a very positive move towards the exploration and development of some highly prospective ground,” said Cadence boss Kiran Morzaria.

“Artemis along with Novo Resources have been developing Purdy's Reward Gold Prospect, which to date has yielded some exceptional results.

It is thought the conglomerate sequence that the gold mineralisation is hosted in, is analogous to the Witwatersrand Basin in South Africa which has produced about one third of all the gold produced on earth"

“Although it is early days in the development of this regional exploration target, it is encouraging that Artemis has decided earn into some of Macarthur's license applications.”

Cadence has a 15.7% equity stake in Macarthur.

Cadence shares were down 1.3% to 0.37p in late afternoon trade.

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Thu, 28 Sep 2017 15:02:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/184775/cadences-investee-company-macarthur-minerals-signs-earn-in-agreement-with-artemis-resources-184775.html
<![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170928141854_13379123/ Thu, 28 Sep 2017 14:18:54 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170928141854_13379123/ <![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170918123545_13366379/ Mon, 18 Sep 2017 12:35:45 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170918123545_13366379/ <![CDATA[News - Cadence Minerals flags up third off-take deal at Yangibana neodymium project ]]> http://static1.proactiveinvestors.co.uk/companies/news/183909/cadence-minerals-flags-up-third-off-take-deal-at-yangibana-neodymium-project-183909.html Cadence Minerals Plc (LON:KDNC) said its 70% joint venture partner in the Yangibana neodymium project, Hastings Technology Metals, has signed its third off-take agreement.

It's the third memorandum of understanding (MOU) agreement Hastings has signed with Qiandong Rare Earth Group for the future supply of mixed rare earth carbonate (MREC) from the Yangibana project in Western Australia.

The parties have agreed to talk about formalising a commercial off-take agreement for Hastings to sell 1,500 tonnes of MREC a year to Qiandong.

READ: Cadence in talks to sell Bacanora stake, details funding update for Yangibana partner

The latest agreement is for a period of three years, with an option to extend it to five years.

The three MOUs signed so far account for around two-fifths of planned annual MREC production from Yangibana.


 

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Wed, 13 Sep 2017 10:43:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183909/cadence-minerals-flags-up-third-off-take-deal-at-yangibana-neodymium-project-183909.html
<![CDATA[RNS press release - Yangibana - Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170913092741_13361224/ Wed, 13 Sep 2017 09:27:41 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170913092741_13361224/ <![CDATA[News - Cadence Minerals stands to benefit from Macarthur Minerals' Pilbara expansion plans ]]> http://static1.proactiveinvestors.co.uk/companies/news/183853/cadence-minerals-stands-to-benefit-from-macarthur-minerals-pilbara-expansion-plans-183853.html Cadence Minerals Plc (LON:KDNC) stands to gain from Macarthur Minerals Limited’s decision to expand its exploration licence in Pilbara, Western Australia.

Macarthur, in which Cadence owns a 16.1% stake, said it wants to expand its tenements to include historical rock chip sampling results of up to 447 grams per tonne gold and 7.8% copper. The tenements were initially acquired for lithium.

Macarthur has entered into a letter of intent to acquire exploration licence E45/4685, which immediately adjoins exploration licence applications E45/4824, E45/4708 and E45/4709.

The group of tenements, which indicate potential for gold and copper, surround the mining lease of the historic Edelwiess gold mine.

The area, located about185km south-east of Port Hedland and 50km south-west of Marble Bar, has previously been explored by various companies for gold, copper, zinc and lead but limited drilling has been conducted.

“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,” Cadence said in a statement. 

David Taplin, president and chief executive of Macarthur, said the company is interested in attracting a farm-in partner to take its projects forward.

He said the group would continue to focus on exploration of  its lithium properties and move its iron ore projects forward.

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Tue, 12 Sep 2017 15:28:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183853/cadence-minerals-stands-to-benefit-from-macarthur-minerals-pilbara-expansion-plans-183853.html
<![CDATA[RNS press release - Macarthur Minerals - Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170912145900_13360278/ Tue, 12 Sep 2017 14:59:00 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170912145900_13360278/ <![CDATA[News - Auroch repays Cadence's faith with reports of significant mineralisation at Tisova ]]> http://static1.proactiveinvestors.co.uk/companies/news/183822/auroch-repays-cadence-s-faith-with-reports-of-significant-mineralisation-at-tisova-183822.html Auroch Minerals, in which Cadence Minerals Plc (LON:KDNC) owns a 7.7% stake, has announced that 3D modelling of the Tisova orebody in the Czech Republic confirms significant potential for hosting a significant cobalt-copper-gold.

Auroch has established sulphide zones more than 100m in true thickness and multiple lenses of massive sulphide within a disseminated blanket.

The modelled sulphide zones are open north, south and at depth, with the modelling indicating the best continuity of massive sulphides down dip.

Auroch also uncovered high-grade copper horizons which form narrow lenses less than five metres wide within thick sulphide blanket.

This modelling will now be used to plan a drilling campaign which will commence shortly.

 

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Tue, 12 Sep 2017 11:02:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183822/auroch-repays-cadence-s-faith-with-reports-of-significant-mineralisation-at-tisova-183822.html
<![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170912100121_13359777/ Tue, 12 Sep 2017 10:01:21 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170912100121_13359777/ <![CDATA[News - Cadence Minerals nets tidy profit as it offloads part of its stake in Bacanora Minerals for £6mln ]]> http://static1.proactiveinvestors.co.uk/companies/news/183626/cadence-minerals-nets-tidy-profit-as-it-offloads-part-of-its-stake-in-bacanora-minerals-for-6mln-183626.html Cadence Minerals Plc (LON:KDNC) has sold almost half of its stake in AIM-quoted lithium explorer Bacanora Minerals Lts (LON:BCN) for £6.23mln.

The company – which still holds a 9.3% stake in Bacanora – snapped up the 8.9mln shares it has now sold between June 2013 and September for £3.56mln.

That means it netted a £2.67mln from today’s sale – a 75% return on investment.

The sale wasn’t due to a lack of confidence in the Bacanora team but rather that it is “important that [the company] realises investment profits in a timely fashion”.

Cadence was originally approached by an institutional investor about possibly offloading some of its Bacanora shares last month and it took that opportunity to begin discussions with other interested parties.

As such, it sold the chunk of shares to several institutions but said it had no interest in offloading any more of its stake at the moment.

Candence intends to invest some of the money raised in other early-stage mineral explorers, while it has also set aside a portion to renegotiate its current debt facility.

Shares dipped 4.4% to 0.38p in late afternoon trading.

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Thu, 07 Sep 2017 15:34:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183626/cadence-minerals-nets-tidy-profit-as-it-offloads-part-of-its-stake-in-bacanora-minerals-for-6mln-183626.html
<![CDATA[RNS press release - Partial sale of stake in Bacanora Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170907132855_13355501/ Thu, 07 Sep 2017 13:28:55 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170907132855_13355501/ <![CDATA[News - Cadence Minerals and Clancy Exploration will continue to explore Austria's Leogang Cobalt-Nickel Sulphide Project despite overlapping licences ]]> http://static1.proactiveinvestors.co.uk/companies/news/183453/cadence-minerals-and-clancy-exploration-will-continue-to-explore-austria-s-leogang-cobalt-nickel-sulphide-project-despite-overlapping-licences-183453.html Cadence Minerals Plc (LON:KDNC) and Australian-listed Clancy Exploration Limited (ASX:CLY) have agreed that they will continue to explore the potential of the Leogang Cobalt-Nickel Sulphide Project in Austria despite concerns about overlapping licences.

AIM-listed Cadence noted that Clancy has provided an update on its exploration licences at the Leogang Project. Cadence owns a 10% direct interest in these licenses.

READ: Cadence Minerals’ investee company Auroch Minerals hails “promising” results from latest drill hole at Alcoutim

In a statement to the Australian Stock Exchange,  as previously announced, Clancy pointed out that it has been granted 200 exploration licences covering approximately 80 km2 at Leogang by the Austrian Federal Ministry of Science, Research and Economy.

Clancy said it has subsequently determined that there are 28 overlapping licences that have preceding priority claimants that predated the Australian firm’s applications by a number of weeks, which cover approximately 12 km2 or about 15% of the project area.

The ASX-listed firm said it continues to have priority over the balance of the project area, being 172 licenses covering approximately 68 km2, all of which have not undergone any forms of modern day exploration since the beginning of the 20th century.

It pointed out that this includes the areas around, but not immediately surrounding, the historical mines and extensions through the dolomite which was the target mineralisation for the original applications.

READ: Cadence Minerals associate Macarthur encouraged by gold and copper indications in Pilbara

In its statement, Cadence said it and Clancy have agreed that to continue to explore the potential of the Leogang Project “with the view of identifying a new cobalt mining precinct in the heart of Europe and on the doorstep of the battery and renewable technology sectors.”

In addition, it continued, Cadence and Clancy will “work together to identify and acquire additional strategic mineral properties focused on the battery technology sector throughout Europe and in other international jurisdictions.”

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Tue, 05 Sep 2017 11:11:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183453/cadence-minerals-and-clancy-exploration-will-continue-to-explore-austria-s-leogang-cobalt-nickel-sulphide-project-despite-overlapping-licences-183453.html
<![CDATA[RNS press release - Update - Clancy Exploration ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170905094604_13352082/ Tue, 05 Sep 2017 09:46:04 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170905094604_13352082/ <![CDATA[News - Cadence Minerals’ investee company Auroch Minerals hails “promising” results from latest drill hole at Alcoutim ]]> http://static1.proactiveinvestors.co.uk/companies/news/183386/cadence-minerals-investee-company-auroch-minerals-hails-promising-results-from-latest-drill-hole-at-alcoutim-183386.html Cadence Minerals PLC (LON:KDNC) has told investors that Auroch Minerals – the ASX-listed explorer in which Cadence has a 7.7% stake – is making good progress with the third drill hole at its Alcoutim copper-zinc project in Portugal.

Auroch said hole ALP003, which has so far been drilled to just over half of the planned depth of 1,200m, shares similarities with the nearby Neves Corvo mine and other major deposits within the Iberian Pyrite Belt.

READ: Cadence Minerals says Yangibana joint venture partner signs second MOU for an off-take deal

“The geology intersected in from ALP003 is certainly a strong indication of the prospectivity of the current target,” said Auroch boss Andrew Tunks.

“We are now in the volcanic sedimentary complex target sequence and there is a significant correlation with the previous results from Billiton’s historic AC-1 hole, which is what we were aiming for.

“We anticipate hole 3 being completed during the second week of September, having been slightly delayed by only operating a single shift during the Portuguese August summer holidays.”

Tunks added that Auroch expects to complete the drilling of the third hole by the middle of this month.

READ: Cadence Minerals associate Macarthur encouraged by gold and copper indications in Pilbara

Cadence shares fell 2.4% to 0.4p in late-morning trade on Monday.

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Mon, 04 Sep 2017 11:36:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183386/cadence-minerals-investee-company-auroch-minerals-hails-promising-results-from-latest-drill-hole-at-alcoutim-183386.html
<![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170904094921_13350645/ Mon, 04 Sep 2017 09:49:21 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170904094921_13350645/ <![CDATA[News - Cadence Minerals says Yangibana joint venture partner signs second MOU for an off-take deal ]]> http://static1.proactiveinvestors.co.uk/companies/news/183306/cadence-minerals-says-yangibana-joint-venture-partner-signs-second-mou-for-an-off-take-deal-183306.html Cadence Minerals Plc (LON:KDNC) has told investors that Hastings Technology Metals Ltd  - its joint venture partner in the Yangibana Neodymium Project in Western Australia – has signed a second Memorandum of Understanding (MOU) for an off-take deal with China Rare Earth Holdings Limited (CREH).

Under the MOU, the parties have outlined their intent to enter into a binding commercial agreement for the sale by Hastings and purchase by CREH of Mixed Rare Earth Carbonate (MREC) which will be produced from Yangibana.

READ: Cadence in talks to sell Bacanora stake, details funding update for Yangibana partner

Cadence said the final terms and conditions of the agreement will be formalised in a commercial off-take contract within 12 months from the date of the MOU.

It added that pricing for the MREC will be based on a formula taking into account prevailing market prices prior to shipment.

Cadence acquired a 30% free carried interest to Bankable Feasibility Study of the Yangibana North Rare Earth Deposit in December 2011, with the exploration costs borne solely by Hastings, the project’s 70% owner and operator.

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Fri, 01 Sep 2017 11:32:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183306/cadence-minerals-says-yangibana-joint-venture-partner-signs-second-mou-for-an-off-take-deal-183306.html
<![CDATA[RNS press release - Yangibana Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170901102416_13348951/ Fri, 01 Sep 2017 10:24:16 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170901102416_13348951/ <![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170831163616_13347932/ Thu, 31 Aug 2017 16:36:16 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170831163616_13347932/ <![CDATA[News - Cadence Minerals associate Macarthur encouraged by gold and copper indications in Pilbara ]]> http://static1.proactiveinvestors.co.uk/companies/news/183161/cadence-minerals-associate-macarthur-encouraged-by-gold-and-copper-indications-in-pilbara-183161.html Cadence Minerals PLC’s (LON:KDNC) associate Macarthur Minerals Ltd (CVE:MMS) has identified high grade gold and copper potential from a review of historical data at its Australian exploration licences.

Originally acquired by Macarthur for their lithium potential, surface rock samples from 1984 indicated gold of up to 111 grams per tonne and copper up to 3.2%.

READ: Cadence's investee company Auroch Minerals reveals encouraging sampling results from Tisová project in the Czech Republic

“The company is interested in attracting a farm-in partner to take these projects forward while we continue our focus on exploration of our lithium properties and moving our iron ore projects forward,” said David Tapln, Macarthur’s chief executive said in a statement.

The three licences, which are in the Pilbara region of Australia, have been explored before for gold, copper, zinc and lead but there has been little drilling, he added.

Cadence has a 20.3% stake in Canadian Venture Exchange-listed Macarthur.

READ: Cadence in talks to sell Bacanora stake, details funding update for Yangibana partner ]]>
Wed, 30 Aug 2017 10:14:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/183161/cadence-minerals-associate-macarthur-encouraged-by-gold-and-copper-indications-in-pilbara-183161.html
<![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170829170756_13344733/ Tue, 29 Aug 2017 17:07:56 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170829170756_13344733/ <![CDATA[RNS press release - Result of AGM ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170829160306_13344681/ Tue, 29 Aug 2017 16:03:06 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170829160306_13344681/ <![CDATA[News - Cadence's investee company Auroch Minerals reveals encouraging sampling results from Tisová project in the Czech Republic ]]> http://static1.proactiveinvestors.co.uk/companies/news/182923/cadence-s-investee-company-auroch-minerals-reveals-encouraging-sampling-results-from-tisov-project-in-the-czech-republic-182923.html Cadence Minerals PLC (LON:KDNC) said Auroch Minerals - in which Cadence currently owns a 7.7% stake – has revealed encouraging sampling results from the second round of multi-elemental analysis on waste dumps at the Tisová - Co Cu Au project in the Czech Republic.

In a statement, Cadence said Auroch's results from second round testing of the historic waste dumps confirm cobalt presence, as well as significant grades of copper, gold and silver.

READ: Cadence investee company Auroch completes second drill hole at Alcoutim in Portugal

The firm said the best results showed 0.69% cobalt, 17.1% copper, 3.7 parts per million (ppm) gold and 178 ppm silver

Cadence added that Auroch said approvals have been secured for an initial drill programme with an in-country team mobilised and preparing for a drilling campaign in mid-September, with a 3D model of the ore body under construction.

Kiran Morzaria, Cadence’s chief executive officer commented: "It is great to see such encouraging initial results from the Tisová project.

“The dump sampling has encountered economic grades of Cobalt, which along with the polymetallic nature of the mineralisation in the samples make for a highly prospective exploration target."

He added: "With Auroch scheduled to start drilling this September and initial geological interpretation work indicating an ore body of substantial tonnage, we look forward to the news flow and results over the coming months."

In a separate statement today, Cadence also noted the announcement today from Bacanora Minerals PLC (LON:BCN) - in which Cadence currently owns a 16.1% shareholding - providing an update on the Sonora Lithium Project in Mexico, including progress on the work processes for the feasibility study and debt funding discussions.

READ: Bacanora expects Sonora feasibility study to be completed this year ]]>
Thu, 24 Aug 2017 10:02:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/182923/cadence-s-investee-company-auroch-minerals-reveals-encouraging-sampling-results-from-tisov-project-in-the-czech-republic-182923.html
<![CDATA[RNS press release - Update - Bacanora Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170824092249_13340564/ Thu, 24 Aug 2017 09:22:49 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170824092249_13340564/ <![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170824090546_13340543/ Thu, 24 Aug 2017 09:05:46 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170824090546_13340543/ <![CDATA[RNS press release - Macarthur Minerals Update ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821133111_13336694/ Mon, 21 Aug 2017 13:31:11 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821133111_13336694/ <![CDATA[News - Cadence in talks to sell Bacanora stake, details funding update for Yangibana partner ]]> http://static1.proactiveinvestors.co.uk/companies/news/182731/cadence-in-talks-to-sell-bacanora-stake-details-funding-update-for-yangibana-partner-182731.html Cadence Minerals PLC (LON:KDNC) is in discussions in regard to a potential sale of part of its 16.06% stake in Bacanora Minerals Ltd (LON:BCN)(CVE:BCN).

Initially, the company was in broad discussions with institutional investors and other parties, but during the course of these discussions Cadence was approached by a single strategic investor group interested in taking a material portion of the total stake.

Accordingly, Cadence has ceased its dialogue with institutional investors and now hopes to complete a partial sale over the coming weeks to the single investor group.

READ: Cadence Minerals highlights positive drill results from Cinovec lithium project

Separately, Cadence’s 70% joint venture partner in the Yangibana neodymium project in Western Australia, Hastings Technology Metals, Ltd has received firm commitments for a A$15.5mln capital raise.

These funds will be used for infrastructure works before processing plant construction. This will include construction of the Yangibana mine site access road, acquisition and commissioning of an accommodation camp and preliminary engineering design work on the production plant.

Cadence is free-carried at Yangibana until the commencement of a bankable feasibility study.

READ: Cadence Minerals updates on Czech cobalt project ]]>
Mon, 21 Aug 2017 10:11:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/182731/cadence-in-talks-to-sell-bacanora-stake-details-funding-update-for-yangibana-partner-182731.html
<![CDATA[RNS press release - Update - Yangibana ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821092244_13336213/ Mon, 21 Aug 2017 09:22:44 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821092244_13336213/ <![CDATA[RNS press release - Cleansing Statement ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821090739_13336203/ Mon, 21 Aug 2017 09:07:39 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170821090739_13336203/ <![CDATA[News - Cadence Minerals highlights positive drill results from Cinovec lithium project ]]> http://static1.proactiveinvestors.co.uk/companies/news/182534/cadence-minerals-highlights-positive-drill-results-from-cinovec-lithium-project-182534.html Cadence Minerals Plc (LON:KDNC) has highlighted drill results from the drilling programme at the Cinovec lithium and tin project.

The company noted European Metals Holdings Limited, the project operator, has revealed that ongoing drilling continues to encounter resources. Infill drilling is targeting two gaps the existing resource model that could be mined in the initial years.

Five of six planned drill holes have so far been completed, with a total of 2,163 metres drilled.

Assays from drill hole CIS-4 returned continuous mineralised intercept with 148 metres at an average grade of 0.4% lithium. The company added that the upper section of the main lithium interval significant tin and tungsten mineralisation, with 15.85 metres at an average off 0.7% lithium, 0.29% tin and 0.073% tungsten.

Additionally, the company announced that it has now hired Craig Reimer as project manager for a definitive feasibility study.

Cadence has a 21% interest in the Cinovec project.

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Wed, 16 Aug 2017 11:26:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/182534/cadence-minerals-highlights-positive-drill-results-from-cinovec-lithium-project-182534.html
<![CDATA[RNS press release - EMH - Drill Results, Appointment and Equity Issue ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170816105310_13331884/ Wed, 16 Aug 2017 10:53:10 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170816105310_13331884/ <![CDATA[News - Cadence Minerals updates on Czech cobalt project ]]> http://static1.proactiveinvestors.co.uk/companies/news/182468/cadence-minerals-updates-on-czech-cobalt-project-182468.html Cadence Minerals Plc (LON:KNDC) said sampling on the Tisová cobalt, copper and gold project in the Czech Republic had returned significant grades of the metals.

It returned 0.68% cobalt, 3.7 grams per tonne of gold and 3.5% copper.

Tisová is owned by Auroch Minerals, in which Cadence has a 7.7% stake.

Auroch reckons it holds “first mover advantage” developing a bulk tonnage cobalt deposit in the heart of one of Europe’s major industrial regions.

Historically, just under 30,000 metres of surface drilling has taken place at Tisová along with 14,300 metres of underground exploration work.

There’s around 30 kilometres of existing underground mine infrastructure, which Auroch reckons will be a “significantly advantage” when it comes to investment spend developing a mine.

A 3D model of the historic underground development of the ore body to identify potential cobalt zones is expected to be completed by the middle of this month.

An initial 5,500m 12-hole drilling programme at the historic Tisová Mine is slated to commence in September.

 

 

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Tue, 15 Aug 2017 12:31:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/182468/cadence-minerals-updates-on-czech-cobalt-project-182468.html
<![CDATA[RNS press release - Update - Auroch Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170815115512_13330578/ Tue, 15 Aug 2017 11:55:12 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170815115512_13330578/ <![CDATA[RNS press release - Update - Macarthur Minerals ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170814132942_13329214/ Mon, 14 Aug 2017 13:29:42 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3764/LSE20170814132942_13329214/ <![CDATA[News - Cadence investee company Auroch completes second drill hole at Alcoutim in Portugal ]]> http://static1.proactiveinvestors.co.uk/companies/news/182389/cadence-investee-company-auroch-completes-second-drill-hole-at-alcoutim-in-portugal-182389.html Auroch Minerals, an Australian explorer in which investment company Cadence Minerals Plc (LON:KDNC, OTC:KDNCY) has a 7.7% stake, has announced an update on its ongoing drill program at the Alcoutim copper-zinc project in Portugal.

Alcoutim is situated in the well-known and well-mineralised Iberian pyrite belt in Portugal.

Auroch’s second hole at Alcoutim intersected a volcanic sedimentary complex which its chief executive Andrew Tunks is a “strong indication of the prospectivity of the ground.

Drilling of hole 3 has now commenced.

 

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Mon, 14 Aug 2017 12:13:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/182389/cadence-investee-company-auroch-completes-second-drill-hole-at-alcoutim-in-portugal-182389.html