Cadence Mineral Regulatory News (KDNC)

Cadence Minerals Plc

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

Corporate & Investment Update

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to update its shareholders in relation its strategic shift as announced 1 November 2017 and developments in its other investments.

New Investments

As outlined in Cadence's announcement on 1 November 2017, the Company was at the advanced stages of reviewing several early stage lithium assets in well-known lithium jurisdictions.

The Company has now completed due diligence on two of these assets and anticipates that it will be able to execute binding investment agreements prior to the end of the year with exploration beginning in earnest in Q1 next year.

The Company's intent is to earn in at a project level basis where it can both hold larger stakes and utilise its management expertise to achieve the high level of returns that we have made on our portfolio to date.

The Company will announce details of the assets and terms of the transactions once it has executed the binding investment agreements.

European Metals Holdings Limited - Equity Raise

European Metals Holdings Limited ("European Metals" or "EMH") has announced a capital raising of £2,281,000 via subscriptions to predominantly UK based professional investors.

The funds will be used to advance the on-going definitive feasibility on the Cinovec deposit, Europe's largest lithium resource, and for general working capital.

Cadence has subscribed for £345,000 of new ordinary shares and after the issue of these shares, which is expected to occur on the 14 December 2017, Cadence will hold approximately 20% of the enlarged issued share capital of EMH. Cadence's overall unrealised return on its investment in EMH is 208%.

Macarthur Minerals - Majority of Tenements in Pilbara Region Granted Exploration Licences 

Macarthur Minerals has announced that eleven out of its sixteen Exploration Licences in the Pilbara, Western Australia, covering circa 1,300 km2 have now been granted allowing full exploration activities on those tenements for conglomerate gold, gold and lithium. The remaining licences are expected to be granted shortly.

Cadence has a 15.2% equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has a lithium project in Nevada, USA.

Yangibana Rare Earth Project - Update

Cadence announced on 22 November 2017 an updated Mineral Resource Statement ("MRE") for the tenements 30%-owned by Cadence on the Yangibana Rare Earth Project. This MRE represented 36% of the total MRE over the Yangibana Rare Earth Project including areas 100% held by Hastings Technology Metals ("HAS").

The MRE on our partly owned tenements has similar grades to those reported in the total MRE.

Subsequently HAS announced its definitive feasibility study ("DFS"), which was based on mining ore reserves of 5.15 million tonnes for 6 years followed by a further 2 years of mining mineral resources. The DFS contemplates mining in areas wholly owned by HAS.

Given the summary economic information on capital and operating costs, the 5.6 million tonnes of total resource contained with the jointly owned areas, we believe still represents significant value to Cadence. We have engaged with HAS to determine how this can be achieved.

Details of Ownership of Yangibana Rare Earth Deposit

On 1 December 2011, Cadence announced that it had acquired a 30% free carried interest to Bankable Feasibility Study of the Yangibana North Rare Earth Deposit. The exploration costs until the commencement of the BFS are therefore borne solely by Hastings (70% owners and operator). The same terms agreed and announced on 1 December 2012 also apply to Gossan, Hook, Kanes Gossan, Lions Ear and Bald Hill North.

Since the acquisition of this asset Cadence has not been required to invest any further capital in the development of the jointly owned tenements.

- Ends -

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £25 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral's goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.