Cadence Minerals PLC - Update - Auroch Minerals London Stock Exchange
RNS Number : 6284N
Cadence Minerals PLC
10 August 2017

Cadence Minerals Plc


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


Drilling Approval at Auroch's Tisová Coblat - Copper Project

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals ("Auroch") in which Cadence currently owns a 7.7% stake has announced that it has received drilling approval from the Department of the Environment and Agriculture at the  Tisová Co-Cu-Au Project in the Czech Republic. Aurcoch announced it right to aquire 100% of the historic Tisová Co-Cu-Au Project on 3 July 2017.  The full Auroch release is available at: .



·      Approval received for initial 12-hole drilling program at Historic Tisová Mine.

·      Drilling scheduled to commence in early September.

·      The Geology and Mining Section of the Regional Office of Environment and Agriculture Department has approved an initial 5,500m in 12 holes surface diamond drill program.

·      Tisová is a large VMS sulphide rich system that was historically mined for copper, which occurred as narrow horizon within an 80m thick sulphide rich blanket.

·      The extensive sulphides surrounding the copper zones have never previously been assayed for associated metals - the known orebody occurs over 800m strike, 700m down dip, and up to 80m thick.

·      Auroch sampling to date of the broader sulphide envelope has demonstrated significant grades of cobalt, copper and gold.

Grades of up to 0.68% Co, 3.5% Cu and 3.7g/t Au were returned.

·      Auroch is currently completing a 3D model of the extensive underground development and the orebody to underpin its exploration strategy.


- Ends -

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


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 £35 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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