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Cadence Minerals PLC - London-based investor backing mineral resource assets - Notes Evergreen Lithium Ltd's receipt of its Aboriginal Areas Protection Authority Certificate for the Bynoe project in the Northern Territory in Australia, where the Cadence has identified multiple large and significant lithium pegmatite targets for drill testing. The AAPA is responsible for overseeing the protection of Aboriginal sacred sites on land and sea across the whole of Northern Territory. Cadence holds 15.8 million shares, equivalent to 8.7% of the issued share capital of Evergreen and is its largest shareholder.
Evergreen Chair Simon Lill comments: "Receipt of AAPA is a significant milestone in progressing the Bynoe project and ensuring the protection and preservation of Aboriginal sacred sites. With so many compelling drill targets and a drill rig on standby, we look forward to a very active and successful 2024 exploration season."
Current stock price: 5.22 pence, down 5.1%
12-month change: down 68%
By Sabrina Penty, Alliance News reporter
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