Member Info for Mullins58

5.55 / 1.3m

5.50 at the off

Hopefully, we will get a positive reaction. ATB

Strategic Context

Azteca remains Cadence's near-term operational focus within its staged redevelopment strategy. Subject to successful commissioning and operation, Azteca is expected to provide an initial operating platform and near-term cash flow, supporting ongoing operations and the advancement of the broader development pathway, including the DFS and early-stage works for the 5.5 Mtpa DR-grade project.

The broader Amapá development remains a longer-term pathway subject to further technical studies, financing, construction planning and regulatory approvals. Cadence will provide further updates as material milestones are achieved.

FAB Thunderbirds are GO !

Kiran Morzaria, Chief Executive Officer of Cadence Minerals, commented:

"The grant of the Installation Licence is a major milestone for DEV and for Amapá. It marks the transition of the Project into its next phase - from preparation into approved execution and then production.

Azteca is positioned as the practical first step in bringing Amapá back into production. It is supported by a fully funded structure, benefits from existing plant, and is designed to establish the initial cash-flow platform for the wider Project.

Our focus is now on disciplined delivery - mobilisation, procurement, licence compliance, refurbishment and commissioning.

On behalf of Cadence, I would like to congratulate the DEV team, our JV partners and advisers for their continued focus and execution, and to recognise the efficiency and constructive engagement of SEMA and the State of Amapá in advancing this important regulatory milestone. Azteca provides a clear pathway to near-term production and cash flow, while supporting the longer-term development of the Amapá Project and the enduring benefits it can bring to the State."

Highlights

• Installation Licence granted: DEV has received Installation Licence No. 006/2026 from SEMA/AP, enabling approved works at the Amapá site.

• Execution gateway: Azteca now moves from engineering, funding and regulatory preparation into site mobilisation and delivery.

• Azteca restart in focus: The initial phase targets the processing of partly processed material to establish operations and early cash flow.

• Fully funded restart pathway: The binding US$4.6 million prepayment offtake facility provides funding for licensing, refurbishment, commissioning and initial working capital.

• Cash-flow platform: Subject to successful commissioning and operation, Azteca is expected to generate early cash flow to support working capital, ongoing operations and the funding of the DFS.

• Broader development retained: The LI also supports the staged pathway toward the larger 5.5 Mtpa DR-grade Amapá Project, which remains subject to further studies, financing and operating licenses.

Cadence Minerals plc (AIM: KDNC) is pleased to announce that DEV Mineração S.A. ("DEV"), owner and operator of the Amapá Iron Ore Project in Brazil ("Amapá" or the "Project"), has received the Installation Licence from the State of Amapá Environmental Authority, Secretaria de Estado do Meio Ambiente ("SEMA/AP").

The Installation Licence ("LI") authorises refurbishment, construction and installation works within its scope at the Amapá site, including those required for the restart of the Azteca Plant ("Azteca") and the larger US$1.9bn NPV Amapá Project. This represents a key transition for the Project from planning and permitting into execution.

The immediate operational focus remains the restart of Azteca as a low-capital reprocessing operation, intended to provide the first operating platform and near-term cash flow for Amapá.

Https://www.londonstockexchange.com/news-article/KDNC/amapa-installation-licence-granted/17575981

6p here we come !

GreenRoc's CEO, Stefan Bernstein, commented:

"We are delighted with the successful commissioning of the graphite mill lines at our AAM pilot plant, which we believe to be Europe's first natural flake graphite pilot plant, marking a significant milestone in our journey to supply high-quality spherical purified graphite to European customers. The smooth commissioning and operation of the mills, a process which has taken less than two months, is a testament to the dedication and expertise of GreenRoc's pilot plant team. We look forward to optimising pilot production and advancing towards commercial product quality."

Https://www.londonstockexchange.com/news-article/GROC/aam-pilot-plant-update/17568258

GreenRoc's CEO, Stefan Bernstein, commented:

"We are delighted with the successful commissioning of the graphite mill lines at our AAM pilot plant, which we believe to be Europe's first natural flake graphite pilot plant, marking a significant milestone in our journey to supply high-quality spherical purified graphite to European customers. The smooth commissioning and operation of the mills, a process which has taken less than two months, is a testament to the dedication and expertise of GreenRoc's pilot plant team. We look forward to optimising pilot production and advancing towards commercial product quality."

Highlights:

· All components of the graphite mill circuit successfully commissioned and tested in what the Directors believe is Europe's first natural flake graphite pilot plant.

· The mill circuit, featuring both micronisation and spheronisation lines, is designed to produce spherical graphite for AAM.

· The full graphite mill line has a processing capacity of approximately 100kg of feedstock per day, yielding both main and fine-grained products.

· Initial test runs with 100kg of graphite concentrate were successful.

· Product evaluations are being conducted at GreenRoc's in-house laboratory and will be supplemented by SEM imaging at the Technical University of Denmark.

· The only part of the pilot plant remaining to be added is the purification line, which is undergoing final design and equipment sourcing with expected installation in H2, 2026.

Https://www.londonstockexchange.com/news-article/GROC/aam-pilot-plant-update/17568258

Gold price could see $8,000 on de-dollarization, Deutsche Bank projects

https://www.mining.com/gold-price-could-see-8000-on-de-dollarization-deutsche-bank-projects/

Goldman Sachs Raises Oil Price Forecast Yet Again | OilPrice.com https://share.google/QnlBDjee3WJA21iJ0

Https://tradingeconomics.com/commodity/uk-natural-gas

https://www.google.com/search?q=LNG+gas+prices+uk+prediction&oq=LNG+gas+prices+uk+prediction&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRiPAtIBCjE0Nzg2ajBqMTWoAgiwAgHxBTqGKLaEtHha&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:451e8ef5,vid:KoWAKmH2bPw,st:0

Source: Crude Oil Prices Today | OilPrice.com

https://share.google/jovtq8XwU9JFZpFr6

Https://www.msn.com/en-gb/money/other/china-s-rise-as-the-green-dragon-how-it-became-the-global-renewable-energy-leader/vi-AA21ri07?ocid=msedgdhp&pc=U531&cvid=69e9e135447c4ce0a32f244119e6dbc8&ei=40