Cadence Minerals #KDNC – EverGreen – RC Drilling Commenced at Bynoe Project

Cadence Minerals (AIM: KDNC) is pleased to announce the start of RC drilling at the Bynoe Project by ASX-listed Evergreen Lithium Limited (“EverGreen”) (ASX: EG1). Cadence is an 8.74% shareholder in EverGreen. Link here to view the full Evergreen ASX announcement.

Highlights:

•      Following a successful Aircore drilling campaign, RC drilling has commenced at Bynoe, targeting deeper lithium mineralisation

•      Recent AC drilling results confirmed multiple priority targets for deeper drilling

•      Initial interpretations indicate the presence of multiple stacked, shallow-dipping pegmatites, resembling prominent lithium-bearing systems in the area, highlighting Bynoe’s potential in this region

Following the encouraging initial air-core (AC) drilling results, a Reverse Circulation (RC) rig has been deployed to the site.

This new drilling phase aims to explore priority targets identified through Aircore drilling, with particular interest in the recently announced Line 6 target, which has demonstrated significant lithium potential.

The deployment of the RC rig marks a major step forward in EverGreen’s exploration strategy. The recent phase of air-core drilling at Byone is complete, with 297 drill holes covering 6,456 meters. Initial results were encouraging, with interpretation indicating multiple stacked, shallow-dipping pegmatites, similar to lithium-bearing systems like Hang Gong and Lees Booth. 

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.