Cadence Minerals (GB:KDNC) has released an update.
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Cadence Minerals has announced a significant update to the Amapá Iron Ore Project’s Pre-Feasibility Study, revealing a 73% increase in post-tax Net Present Value to $1.97 billion and a 56% internal rate of return. The project is set to generate $9 billion in gross revenues over its 15-year lifespan, driven by advanced infrastructure and a commitment to using renewable energy. As the project focuses on producing ‘green iron’, Cadence aims to position itself as a leader in sustainable iron and steel production.
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