Cadence Minerals PLC - Macarthur Minerals Update London Stock Exchange
RNS Number : 8933G
Cadence Minerals PLC
01 June 2017

Cadence Minerals Plc


("Cadence Minerals" or "Cadence")


Macarthur Minerals Update


Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Macarthur Minerals ("Macarthur" or the "Company") in which Cadence currently owns a 20.3% shareholding, has announced it has identified a number of significant lithium bearing, spodumene and lepidolite mineralised pegmatites at its new Marble Bar Lithium Project Joint Venture in the Pilbara region of Western Australia.

The full Macarthur announcement can be found at: .

Results of Reconnaissance Sampling Program

Following a two-week reconnaissance mapping program, covering the Marble Bar Lithium Project's tenements E45/4724 and E45/4669 (Figure 2), a number of samples from pegmatitic outcrops displayed significant lithium bearing signatures, as measured by handheld XRF, as well as visual confirmation of spodumene and lepidolite mineralisation. The previously identified pegmatite swarm was extended to the north and south by 6.3 km (Figure 1). Portable XRF results of the potassium-rubidium ratio (K/Rb) showed the pegmatites to be highly fractionated, which is consistent with pegmatites that host lithium bearing minerals.

In addition, the reconnaissance program identified a new area covering 1.5 km in length where the K/Rb ratio indicates highly fractionated pegmatites. Further sampling is warranted across this area. 

Sampling of previously mapped pegmatites confirmed lithium mineralisation with abundant spodumene and lepidolite observed. Measurement by portable XRF showed the pegmatites to be highly fractionated with 24 of 31 rock samples collected displaying K/Rb ratios less than 10 as well as highly anomalous values of indicator elements, rubidium and niobium.

A total of 187 rock and 112 soil samples have been dispatched to the laboratory for analysis and results will be reported as they become available.

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).

For further information please contact

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 Bavister

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Brian Alexander

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 £40 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.

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