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Cadence Minerals ( (GB:KDNC) ) has shared an update.
Cadence Minerals has announced that Evergreen Lithium, a company in which it holds an 8.74% stake, has acquired the Leonora Goldfields Project in Western Australia’s central gold district. This acquisition is a strategic move for Evergreen as it seeks to become an emerging gold producer, with the project offering a JORC 2012-compliant inferred resource of 63,000 ounces of gold and an exploration target of up to 592,000 ounces. The project is well-positioned near significant gold deposits and mining infrastructure, which could expedite its development and production. This move is seen as a timely entry into the growing gold sector, potentially benefiting Cadence as a major shareholder.
More about Cadence Minerals
Cadence Minerals Plc is a company involved in the mining industry, focusing on investments in mineral exploration and development projects. As a shareholder in various mining ventures, Cadence aims to leverage its stake in these projects to enhance its market position and financial performance.
YTD Price Performance: 12.12%
Average Trading Volume: 539,581
Technical Sentiment Signal: Buy
Current Market Cap: £5.48M
For an in-depth examination of KDNC stock, go to TipRanks’ Stock Analysis page.