Member Info for Mullins58

https://******************************************clogau-works

3.30 / 2.72m

Great video , very positive. ATB

3.30 / 1.5m

Https://www.youtube.com/watch?v=oVSzBJzUOCc

3.20 / 750k

2.80 paid

L , do you have the link please. ATB

I33 , copy and paste them and send them into LSE , let them know where your will be sending them. I have them all filtered. ATB

Https://www.mining.com/gold-price-scores-new-high-ahead-of-key-us-data/

B , nice to here from you again . ATB

3.15 / 10.15m

2.70 / 7.45

Big volume again today.

2.30 paid

Https://www.msn.com/en-gb/money/video/bell-expect-oil-prices-to-remain-around-65-b-in-2025/vi-AA1M6qqq?ocid=msedgdhp&pc=U531&cvid=68bfd607d81f4fc78b2decef079cc668&ei=48

Https://www.mining.com/gold-price-hits-new-record-as-fed-rate-decision-looms/

Cashflow Positive Production

Once restarted, the Azteca Plant is expected to have operating costs for the initial three years estimated at an average Free on Board ("FOB") cost of US$37/t, with CFR into China of approximately US$79/t, compared with current market prices of around US$120/t CFR China.

2.22 traded

Transaction Overview

The Heads of Terms are subject to final assay results and the execution of definitive documentation. Funding will be provided through a prepayment offtake agreement with a UK-based international logistics, shipping, and trading group with over 100 years of experience in the sector. The total prepayment amount is US$4.6 million, to be provided in two components:

· Azteca Plant Financing (US$3.45 million): advanced in staged tranches, with initial instalments funding licensing and preparatory works, and further amounts conditional upon the receipt of the required environmental, operational and regulatory permits for refurbishment and recommissioning of the Azteca Plant.

· Working Capital Financing (US$1.15 million): to be drawn at the commencement of production, primarily to fund logistics associated with the first shipment of approximately 50,000 tonnes.

Cadence will co-fund the Azteca Plant Financing alongside the Offtaker, contributing approximately 10-15% of the total prepayment amount and earning the same pro-rata economic returns. Repayment of the advances will be made on a per-tonne basis from future shipments of iron ore produced. In addition, Cadence will receive a pro rata share of the marketing fee on all products produced from Dyke 5 under the offtake agreement.

Following the first shipment, the Azteca Plant is forecast to be net cash flow positive, with the funding structure expected to deliver an approximate 70% IRR on Cadence's proportion of the investment.