logo-loader
RNS
viewCadence Minerals PLC

Yangibana Mineral Resource & Ore Reserves

/**/ sub{font-size:80%}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: #0563C1 }visited{ color: #954F72 } .ay{size:595.0pt 842.0pt;margin:72.0pt 90.0pt 72.0pt 90.0pt;}div.ay{}p.ct{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm; text-align: center}span.cr{font-size:10.0pt}p.cu{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;margin-bottom:6.0pt;text-align:justify}span.cp{font-size:10.0pt;font-family:"Calibri","sans-serif"}p.cv{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold}p.cw{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;text-align:justify}span.cm{font-size:10.0pt; font-family:"Calibri","sans-serif"}table.cx{border-collapse:collapse;border:none} tr.cg{height:17.0pt}td.ck{width:90.25pt;border:solid windowtext 1.0pt;padding: 0cm 5.4pt 0cm 5.4pt;height:17.0pt}p.cy{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;font-weight: bold}td.cj{width:95.65pt;border:solid windowtext 1.0pt;border-left: none;padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}p.cz{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm}span.ci{font-size:10.0pt;color:black}td.cf{width:90.25pt;border:solid windowtext 1.0pt;border-top: none;padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}p.ah,li.ah,div.ah{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;}td.ce{width:95.65pt;border-top:none;border-left:none; border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}td.cc{width:68.95pt;border:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:17.0pt} td.cb{width:74.35pt;border:solid windowtext 1.0pt;border-left: none;padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}td.ca{width:74.4pt;border:solid windowtext 1.0pt;border-left: none;padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}td.by{width:68.95pt;border:solid windowtext 1.0pt;border-top: none;padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}p.da{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt}td.bx{width:74.35pt;border-top:none;border-left:none; border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}td.bw{width:74.4pt;border-top:none;border-left:none;border-bottom: solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:17.0pt}p.db{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0cm;margin-right:0cm;margin-bottom:13.5pt; margin-left:0cm}span.dc{font-size:10.0pt;font-family:"Calibri","sans-serif"; color:black}span.dd{color: black; font-family: "Calibri","sans-serif"; font-size: 10.0pt; font-weight: bold}p.de{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom: 13.5pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: center} span.df{font-size:10.0pt;font-family:"Calibri Light","sans-serif";color:black}p.dg{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:13.5pt}span.dh{color: black; font-size: 10.0pt; font-weight: bold}table.di{width:418.2pt;margin-left:-5.4pt;border-collapse:collapse}td.bn{width:235.6pt;padding:0cm 5.4pt 0cm 5.4pt}p.dj{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: .1pt; vertical-align: baseline}td.bl{width:161.0pt;padding:0cm 5.4pt 0cm 5.4pt}p.dk{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom: .1pt; text-align: right; vertical-align: baseline}p.dl{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:.1pt;vertical-align:baseline}span.bj{font-family:"Times New Roman","serif"; color:black} span.bi{font-family:"Times New Roman","serif";color:black}p.dm{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:.1pt}span.bh{font-size:10.0pt; color:black}p.dn{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom: .1pt; text-align: right}td.be{width:171.8pt;padding:0cm 0cm 0cm 0cm}p.a,li.a,div.a{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";}p.do{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify}p.dp{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm; text-align: justify}p.dq{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;text-autospace:none}span.ba{font-size: 10.0pt;color:black} /**/
RNS Number : 1852S
Cadence Minerals PLC
04 November 2019
 

Cadence Minerals Plc

 

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

 

Hastings Technology Metals (ASX: HAS) Announces revised Mineral Resource and Ore Reserve Statement for the Yangibana Rare Earth Project.

 

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce Hastings Technology Metals (ASX:HAS) ("Hastings"), Cadence's joint venture partner at the Yangibana Rare Earth Project in the Gascoyne region of Western Australia ("Yangibana" "Yangibana Project"), has announced on the 31 October and 4 November 2019 revised Mineral Resource and Ore Reserve statements for the Yangibana Rare Earth Project.

Cadence Minerals Yangibana Holding:

Cadence owns 30% of the Yangibana, Yangibana North, Gossan, Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. As a result of these recent announcements Cadence joint venture tenements have the following Ore Reserves and Mineral Resources.

Table 1 -Total JORC (2012) Ore Reserves November 2019 (100%)

Deposit

M Tonnes

% TREO

% Nd2O3+Pr6O11

Yangibana

0.10

0.78

0.28

Yangibana North

1.76

1.39

0.37

Total

1.86

1.36

0.37

 

Table 2 - Total JORC (2012) Mineral Resources October 2019 (100%)

Deposit

Category

M Tonnes

% TREO

% Nd2O3+Pr6O11

Yangibana

Indicated

0.16

0.78

0.39


Inferred

0.07

0.85

0.42

Yangibana North

Measured

0.5

1.42

0.36


Indicated

3.6

1.4

0.36


Inferred

0.5

1.45

0.37

Others*

Inferred

1.82

1.36

0.34

*This includes Gossan, Hook, Kanes Gossan and Lion's Ear.

The full releases, including detailed summaries of ore reserves and mineral resource changes can be found at: https://www.asx.com.au/asxpdf/20191031/pdf/44b34bbqjb99yg.pdf & https://www.asx.com.au/asxpdf/20191104/pdf/44b7swzfb3dv7n.pdf 

Cadence CEO Kiran Morzaria commented: "Following the key appointment of DRA Pacific in October, on behalf of myself and Cadence Minerals we are delighted with these recent announcements at Yangibana. Each step forward is providing solid validation for our investment strategy into the Yangibana joint venture, and with the project now firmly in development phase, we await further news with great interest."

- Ends -

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling


Kiran Morzaria




WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce


James Sinclair-Ford




Novum Securities Limited (Joint Broker)

+44 (0) 207 399 9400

Jon Belliss


 

 

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.

 

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCUSRORKRAARAA

Quick facts: Cadence Minerals PLC

Price: 7.265

Market: AIM
Market Cap: £7.66 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE