Member Info for Mullins58

Oce, your wasting your time, they are just agitators who like to spend their valuable time winding decent folk up. Atb

Into the light !

https://www.youtube.com/watch?v=rBrd_3VMC3c

Excellent update, hopefully some big news shortly. Atb

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Director Share Purchases

Cadence (AIM KDNC), the mining investment company, announces that on the 27 June 2025 the following director purchased ordinary shares in the Company.

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Kiran Morzaria

Director & CEO

1,056,567

0.016

After this acquisition the total notifiable share interest in the Company for the directors is as follows

Director

Position

Total holding of ordinary shares

% of share capital

Kiran Morzaria

Director & CEO

4,429,807

1.5%

- Ends -

For further information, contact:

Cadence Minerals plc

Oce, hopefully an update soon

Atb

Home | Beacon Energy PLC https://share.google/usY07FvdTZy6oWs42

Report to the Police

1.20

1.150

Progress !

Timeline and Financing

Based on contractor estimates, production at the Azteca Plant is expected to commence within three months of securing the mine installation licence and completing the dam break studies. As previously announced on 10 June 2025, the remaining critical path requirements for the issuance of a mine installation licence include a supplementary archaeological study and engineering designs for a water reticulation system and a sewage treatment facility.

These technical studies are expected to take approximately two months to complete, followed by a further two-month period for federal review and approval. Notably, the Company does not anticipate that the archaeological study will uncover any material findings beyond those already addressed in the initial licence application. The earlier, less detailed assessment did not identify any archaeological sites that the development or the planned 15-year mine life would impact.

Currently, the Project is in discussions with multiple parties, including potential off-takers, to raise up to US$4.7 million. This funding would cover all outstanding licensing, recommissioning, and working capital requirements through to the first shipment of product. Our preference is to secure off-take financing to minimise dilution to Cadence shareholders. Thereafter, the Project is forecast to be self-sustaining, with an estimated operating margin of US$24 per tonne.

This margin, underpinned by a modest capital investment of US$3.5 million and competitive operating costs, provides a substantial buffer against market volatility. It also enables early-stage cash flow generation, with the intention that free cash flow, together with potential joint venture funding, will be allocated to advancing the detailed engineering required to recommission the mine, beneficiation plant, railway, and port infrastructure. These efforts will support the planned scale-up to nameplate production capacity of 5.5 million tonnes per annum of 67.5% Fe direct reduction (DR) grade concentrate.

Fundraise

Cadence has raised, subject to Admission, £402,000 before expenses (the "Fundraise") through a subscription of 31,660,000 new ordinary shares (the "New Ordinary Shares") in the capital of the Company at a price of 1.27 pence per Ordinary Share (the "Issue Price") and the issue of warrants to the subscriber of the New Ordinary Shares in the ratio of 0.15 warrant to each one New Ordinary Share subscribed for (the "Warrant"). The Fundraise was with a single sophisticated investor.

The Issue Price represents a discount of approximately 15 per cent. to the closing price of 1.5 pence per ordinary share on 26 June 2025, being the latest practicable business day prior to the publication of this Announcement.

The Warrants in the Fundraise grant rights to subscribe for one additional Ordinary Share for each Warrant held in the ratio of 0.15 Warrant for every one New Ordinary Share issued to the investor. The Warrants are exercisable at a price of 1.7 pence per Ordinary Share and expire on 31 December 2030. The issue of the warrants will be subject to approval at the Company's next AGM.

Use of Funds

The net proceeds will be used for its continued investment in the Amapá Iron Ore Project in Brazil and associated working capital.

Accelerated Production Plan at the Amapa Mine and Equity Subscription of £402,000

Cadence Minerals (AIM: KDNC) is pleased to provide an update on the staged development strategy underway at the Amapá Iron Ore Project ("Amapá" or the "Project"), as well as a fully subscribed placing for gross proceeds of £402,000.

Highlights

· Staged development strategy initiated at Amapá to fast-track production with low capital intensity.

· Azteca Plant recommissioning, targeting ~380,000 tonnes per annum of 65% Fe concentrate from historic reverse float cell feed. The plant previously operated successfully in 2012, producing 62% Fe concentrate.

· Total pre-production capex estimated at US$3.5 million, with a competitive free on board ("FOB") cost of US$37/dry metric tonne ("dmt") and cost and freight ("CFR") to China of US$79/dmt

· In discussion with off-taker to fund capex and working capital requirements of Azteca Plant, to minimise dilution to Cadence shareholders

· At current benchmark prices (US$103/dmt CFR China), the operation delivers an estimated margin of US$24/dmt.

· Production is expected to commence within 3 months of the mining installation licence issue.

· Free cash flow to support detailed engineering and recommissioning of the 5.5 Mtpa production of 67.5% Fe direct reduction (DR) grade, mine, beneficiation plant, rail, and port.

· Historic tailings of 28 million tonnes, with the potential to supplement longer-term name plate capacity

Kiran Morzaria, CEO of Cadence Minerals, commented:

"The staged development strategy at Amapá represents a transformational opportunity for Cadence. With a low upfront capital requirement, competitive cost structure, and access to historic high-grade tailings, the Project is poised to begin cash-generative operations within months of licence issuance.

The recommissioning of the Azteca Plant is a critical first step in our strategy to unlock the full value of Amapá. The long-term goal remains clear: to build a 5.5 Mt, high-grade iron ore operation capable of supplying the growing direct reduction (DR) pellet feed market.

We are all actively working to finalise permitting and secure offtake-linked funding, ensuring near-term production while preserving shareholder value. I look forward to updating shareholders as we progress towards our first shipment and beyond."

Https://www.londonstockexchange.com/news-article/KDNC/amapa-production-plan-equity-subscription/17106886

What are Farm-Ins and Farm-Outs? - Robertson & Williams https://share.google/SsqCHpy4f8ItsidP8

Joint Venture (JV): What Is It, and Why Do Companies Form One? https://share.google/PyLcrSNLsoRkX5xmT

For info

120 BOPD x 365 days approximately $2.8m gross pa , without any workover. ATB

CASH FLOW CASH FLOW CASH FLOW ! Lovely

45,000 barrels so far., more to come.