RE: RNS2 Nov 2020 07:13
We are delighted that, following a significant effort from all involved, Cadence has been able to release an updated Mineral Resource Estimate for the Amapá Project. This significantly builds on our confidence in the economics identified during our internal desk studies and on-site due diligence. The increase in overall mineral resource coupled with the historic operations and iron ore quality provides a robust platform on which to base our ongoing scoping study.
We now look to the future with a palpable sense of excitement, and I would once again like to thank all parties involved in working so hard in the adverse conditions created by COVID to bring Amapá back to life. I look forward to reporting further developments."