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Cadence Minerals: Macarthur expands Pilbara footprint

Cadence owns a 17.5% stake in Macarthur which has acquired more ground in the Pilbara region of Western Australia.
Mining truck
Its taken 13 square kilometres of additional acreage

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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