Home » Posts tagged 'european metals holdings limited' (Page 3)
Tag Archives: european metals holdings limited
Cadence Minerals (KDNC) – Infill Drilling Commenced at Cinovec Project
Cadence (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that European Metals Holdings Limited (EMH) has announced the commencement of a focused infill drilling program at Cinovec South.
Cadence holds a 20.76% economic interest in Cinovec, via its interest in EMH.
The full EMH release is available at: http://www.investegate.co.uk/european-metals-hldg–emh-/rns/infill-drilling-commenced/201705250700061777G/.
Highlights from the EMH Release:
|
· Six core drillholes for a total of 2,800m planned. |
|
· Infill drilling in two areas where data density low and ‘gaps’ in the resource model occur. |
|
· Expected to add high grade resource at Cinovec South in critical areas where mining will start. |
|
· Results will be utilized during the DFS program to optimize the current mine plan. |
|
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.
Edison Research – Cadence Minerals (KDNC). Steadily cantering through.
Until now, Cadence’s (KDNC) various direct and indirect project interests have been viewed largely on their respective market valuations. With three main technical studies now published, however, there is enough information to warrant at least early-stage assessment of the Cinovec lithium project (held by European Metals Holdings) on a DCF basis and, to a lesser extent, the value attributable to Cadence via its direct holding in the Yangibana rare earth project, held 70:30 with Hastings Technology Metals.
KDNC also has equity stakes of 7.7% and 16.5% in Auroch Minerals and MacArthur Minerals respectively. KDNC also has a 30% direct interest in the Yangibana REE project in WA, along with JV partner Hastings Technology Metals.
Analysts
Charles Gibson
Tom Hayes
More at the Edison Research website here
Cadence Mineral (KDNC) exercises Warrants in Macarthur Minerals
Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) has today exercised its remaining 7,500,000 warrants in Macarthur Minerals Limited at an exercise price of CAD$0.05, for a total consideration of CAD$375,000. This exercise of warrants will increase Cadence’s interest in Macarthur Minerals to 20.3%.
Andrew Suckling, Executive Chairman of Cadence Minerals, commented: “Cadence Minerals sees its strength as financially supporting emerging lithium exploration and development companies with excellent growth potential, as we have done and continue to do so with both Bacanora Minerals Limited and European Metals Holdings Ltd, the owners of the Sonora and Cinovec Lithium Projects respectively. We see tremendous potential in Macarthur Minerals large lithium exploration portfolio in Western Australia and we are particularly encouraged by Macarthur Minerals’ significant lithium results recently reported from their Lida Valley play in Nevada.”
|
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.
Cadence Minerals (KDNC) – Grant of Preliminary Mining Permit Over the Cinovec Lithium & Tin Project
Cadence (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that European Metals Holdings Limited (“EMH”) has obtained three key permits in the development of the Cinovec Lithium/Tin Project in the Czech Republic.
Cadence holds a 20.76% economic interest in Cinovec, via its interest in EMH. The full EMH release is available at: http://www.asx.com.au/asxpdf/20170502/pdf/43hyjdby85gjrn.pdf .
Highlights from the EMH Release:
- The Preliminary Mining Permit covering the majority of the Cinovec Project has been awarded by the Czech Ministry of Environment.
- A further Exploration License has been granted for the ground immediately south of the main deposit.
- A de-watering permit has been obtained from the Ohře River Authority to pump out the historic workings.
Preliminary Mining Permit
As announced to the market on 3 February 2017, the Cinovec South Resource was formally added to the Czech State resource register, which was the first step in the process of the granting of a mining permit. As a next step, the ‘Preliminary Mining Permit’ (PMP) has now been received. The permit covers approximately 1,500,000 m2 of the Cinovec deposit south area and is valid until April 2025. The Company has until that date to submit an application for the final mining permit; it intends to do so well before then. The granting of the PMP means that the regulatory oversight for the designated area is transferred from the Ministry of Environment to the Czech Mining Bureau, which is entitled to approve the final mining plan and delimit the final mining space. Both approvals are predicated on the results of an Environmental Impacts Analysis, which EMH has commenced.
Additional Exploration License
The Company has been awarded an additional exploration license for the ground immediately south of the deposit. Securing this area allows the Company to begin preparatory geotechnical work for the exploration adit, including excavation of the adit itself when appropriate.
De-Watering Permit
The historic Cinovec mine was closed in 1989 and the shafts were capped. Since that time, the workings have been partially flooded. The Company has been working with environmental consultants and relevant local authorities to secure the necessary permits to begin de-watering the mine well in advance of commencing operations. The initial permit has been received and the Company will now finalise the de-watering process. The Company aims to de-water the mine as part of the Definitive Feasibility Study to allow detailed geological, geotechnical and hydrological studies of the deposit. Accessing the underground workings will also allow collecting representative samples for pilot scale lithium carbonate production, which will be used to supply potential off-take customers.
Commenting, Kiran Morzaria, Chief Executive Officer of Cadence, said: “With the limited construction of new mining projects in the Czech Republic, it is great to see such a timely approval of key permits which are critical the on-going development of the Cinovec Lithium / Tin deposit. We look forward to hearing more from Cinovec as the projects advances towards production”
|
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.
Cadence Minerals (KDNC) – Pre-Feasibility Study estimates a US$540m net present value at the Cinovec Lithium & Tin Project.
Cadence Minerals PLC (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that European Metals Holdings Limited has today published a summary of the Pre-Feasibility Study for the development of the Cinovec Lithium and Tin Project in the Czech Republic.
The results confirm Cadence’s belief that the Project could represent a significant low cost lithium producer supplying a rapidly growing market and represents the largest lithium resource in Europe and one of the largest undeveloped tin resources in the world.
Cadence holds a 20.76% economic interest in Cinovec, via its interest in EMH. The full EMH release is available at: http://europeanmet.com/assets/AIM__-_19_April_2017_-_EMH_Completion_of_PFS_-_Final.pdf .
Highlights from the EMH Release:
- Excellent Project Economics:
- Net Present Value (NPV): $540 M (post tax, 8%)
- Internal Rate of Return (IRR): 21 % (post tax)
- Net overall cost of production: $3,483 /tonne Li2CO3
- Total Capital Cost: $393 M
- Strategic Location, unique advantages & Long term mine life:
- 21 year mine life
- Annual production of Battery Grade Lithium Carbonate: 20,800 tonnes
- By-product credits of tin, potash and tungsten
- Low cost access to extensive existing infrastructure and grid power
- The deposit lies in a stable jurisdiction, located centrally to the rapidly expanding electric vehicle industry, which is forecast to be the main driver behind increasing lithium consumption
Commenting, Kiran Morzaria, Chief Executive Officer of Cadence, said: “We are very pleased with the outcome of the PFS for Cinovec. These confirm our view that this Project has the potential to become a highly profitable and significant supplier of battery grade lithium carbonate. With a potential lower half production cost, a long mine life, and its proximal location in central Europe to the several of the continent’s vehicle manufacturers, the Cinovec project represents precisely the type of asset that we believe to have long term competitive advantages in the rapidly expanding lithium compound market. We look forward to further updates from the project over the coming year”
|
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