Cadence Minerals PLC - Macarthur Minerals Update London Stock Exchange
RNS Number : 0455M
Cadence Minerals PLC
25 July 2017
 

Cadence Minerals Plc

("Cadence Minerals" or "Cadence")

MACARTHUR MINERALS

REPORTS SURFACE GRADES UP TO 405 PPM LITHIUM IN

RAILROAD VALLEY, NEVADA

 

Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Macarthur Minerals ("Macarthur") in which Cadence currently owns a 20.2% shareholding has announced the results of a geochemical soil sampling program at its new Reynolds Springs Lithium Brine Project ("Reynolds Springs") in the Railroad Valley, Nevada of up to 405 parts per million ("ppm") lithium ("Li").

The full Macarthur announcement can be found at: https://web.tmxmoney.com/article.php?newsid=7952876158181204&qm_symbol=MMS

Highlights from the Macarthur release:

·      206 soil samples collected across the full extent of the placer claims

·      Prospect highly anomalous for lithium

· Lithium values in the soil samples ranged from 39.3 ppm upto 405 ppm Li, averaging 168.3 ppm Li

· 85% of samples above 100 ppm Li and 19% greater than 200 ppm Li

·      Two large area, multi-point anomalies identified

 

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 £30 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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