Member Info for Mullins58

0.4 paid

Https://twitter.com/UKOGlistedonAIM/status/1766053199348486610?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

UP we go ! .3835 paid

I added more last week. Patience is needed. Atb

Thanks B

Just added another million. Atb

Degs , I thought it was very positive. ATB

Struv . not a bad idea. ATB

Given the above potential improvements and discussions with potential development partners, we have determined that it is best for the timeline to incorporate the feasibility study into the project's implementation phase.

Cadence CEO Kiran Morzaria commented: "I am delighted to report that the Amapa project has taken a substantial series of steps forward since we announced the MoU with TCIDR in October 2023. The Board fully expects to be able to deliver cost savings once the capital and operating expenditure review is complete, added to which the engineering team have identified a flowsheet which can produce a 67% concentrate product instead of the previously proposed 62% and 65% product mix. This will mean an improvement in margins and project economics, building upon an already robust U$949 million net present value."

"As we remain on schedule to secure the installation licences by the end of this year, we are seeing expressions of interest from potential partners to invest into the project equity finance element. Once completed, the recommissioned Amapá mine can restart production."

"Your Board have also completed the sale of Hastings Technology Metal shares, delivering a 30% realised return, which has been immediately reinvested into Amapá, with the cancellation of our Aquis listing also delivering a further cost saving. I look forward to reporting on our further investment, our equity stake and on operational progress at Amapá in the coming weeks."

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on the developments at the Company's flagship Amapá Iron Ore Project in Brazil ("Amapá Project"), with updates also provided on our other investments.

Highlights:

· Optimisation studies to reduce Amapá plant capital expenditure are nearing completion.

· An additional processing flow sheet is being developed to increase product quality to 67% iron ore concentrate.

· Operational environmental licensing at the Amapá Project is on schedule, with the expected grant of the installation licenses over the mine, wholly owned port, railway, beneficiation plant and mine during 2024.

· Project financing discussions continue, with expressions of interest in project equity financing. This is in addition to the current MoU with TCIDR for the debt financing of the Amapá Project.

Https://www.londonstockexchange.com/news-article/KDNC/progress-at-the-amapa-project-corporate-update/16365696

Https://www.proactiveinvestors.co.uk/companies/news/1042380/thor-energy-upbeat-on-exploration-as-uranium-prices-climb-1042380.html

I'm looking to add over the coming weeks. Atb

Https://www.mining.com/gold-price-sets-new-record-on-fed-pivot-geopolitical-risks/

Https://www.mining.com/gold-price-sets-new-record-on-fed-pivot-geopolitical-risks/

Https://www.mining.com/web/uranium-firms-revive-forgotten-mines-as-price-of-nuclear-fuel-soars/

Degs , I tend to agree, unfortunately small mining cap shares have been hit hard on the back of interest rates going up. Sentiment is starting to change. ATB

Https://www.londonstockexchange.com/news-article/UKOG/revised-timetable-for-capital-restructuring/16356455

Nicole Galloway Warland, Managing Director of Thor Energy, commented:

"The high-grade uranium (up to 0.6%) and vanadium (1.8%) assay results confirm the high-grade nature of the Saltwash style sandstone uranium systems, within the prolific Uravan Mineral Belt. The assay results also confirm the presence of wide intervals of high-grade uranium mineralisation within a halo of vanadium mineralisation.

"Whilst these 100% owned projects are uranium assets, the 10:1 vanadium-to-uranium confirms the rich vanadium endowment.

"This drilling program stepped out from the 2022 drill program, with drilling around the Groundhog and Rim Rock mines confirming mineralisation remains open along strike from historic workings.

"Preparations are now underway for a larger RC program and diamond drilling at Groundhog and Rim Rock prospects, chasing high-grade mineralisation along strike, as well as infill drilling for Resource definition."