Cadence Minerals Advances Amapá Iron Ore Project with Strategic Developments and Licensing Progress

Cadence Minerals ( (GB:KDNC) ) just unveiled an announcement.

Cadence Minerals has announced significant progress in the environmental licensing and strategic development of its Amapá Iron Ore Project in Brazil. The updated Pre-Feasibility Study has enhanced the project’s economics, increasing its post-tax NPV by 73% to $1.97 billion. The company is implementing a staged development strategy to minimize risk and optimize capital efficiency, with plans for a small-scale processing plant and phased production ramp-up. Cadence is also advancing in securing installation licenses for the mine, railway, and port infrastructure, aiming for full grant by the end of 2024. The company is in discussions with potential strategic partners to complete the development, highlighting the project’s strong fundamentals and its alignment with sustainable steelmaking trends.

More about Cadence Minerals

Cadence Minerals PLC operates in the mining industry, focusing on the development and investment in mineral resources. The company is primarily engaged in the Amapá Iron Ore Project in Brazil, aiming to produce high-quality iron ore concentrate for the global steelmaking market with a focus on sustainable and low-carbon operations.

Average Trading Volume: 664,701

Technical Sentiment Signal: Strong Sell

Current Market Cap: £4.81M

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