Actualización sobre la inversión y participación accionaria del proyecto Amapá
Cadencia Minerales Plc
("Cadence Minerals", "Cadence" o "la Compañía")
Update on the Cadence Amapá Project investment and Equity Stake
Cadence Minerals (AIM: KDNC; OTC: KDNCY) is pleased to announce details of its increased equity stake in the Amapa Iron Ore Project ("Amapá", "Project" or "Amapá Project"). The Amapá Project is an integrated iron ore project in the Amapá State of Brazil, with Mineral Resources of 276 million tonnes (Mt) at 38.33% Iron (Fe) and Ore Reserves of 196 Mt at 39.34% Fe.
The Amapá PFS delivered a post-tax net present value of US$949 million at a 10% discount rate and a post-tax internal rate of return of 34%, with an average annual life of mine EBITDA of US$235 million. With the planned production of 5.3 Mtpa of Fe concentrate, the Project is forecast to deliver free on-board C1 Cash Costs of US$35.53 per dry metric tonne.
The Project is about to undergo an amended economic assessment at a PFS level based on the positive results from the optimisation studies released earlier this month. This study will include lower capital expenditure, higher production rate and a possible reduction in mining costs.
Moreover, the Project is fully committed to advancing the development of the 67% Fe product flow sheet, as previously outlined in the announcement on 7 March 2024. It is anticipated to be at a production rate of 5.5 Mtpa.
Cadence Interest in the Amapá Project
At the end of September 2023, Cadence's total investment in the Amapá Project stood at approximately US$12.1 million, with the equity stake in the project standing at 32.6%. As of March 28th 2024, Cadence's total investment in the Amapá Project had increased by approximately US$1.1 million to a total investment of approximately US$13.2 million, and consequently the equity stake in the project now stands at 33.6%.
El CEO de Cadence, Kiran Morzaria, comentó: "As our involvement and commitment to the Amapá Project increases, we're ever more excited and enthused by the potential and promise that the newly recommissioned mine and infrastructure is set to deliver. With robust Mineral Resources and Ore Reserves, coupled with solid financial projections, we stand poised to unlock substantial value, and our increased equity stake reflects our confidence in the Project's potential."
"The forthcoming economic assessment builds upon our recent optimisation efforts, underscoring our commitment to maximising the project's delivery potential wherever possible. Moreover, our commitment to advancing the 67% Fe product flow sheet underscores our proactive approach to meet evolving market demands in green steel."
Para más información comuníquese con:
| |
Cadencia Minerales plc | +44 0 20 3582 6636 |
andres mamando | |
kiran morzaria | |
WH Ireland Limited (NOMAD y Broker) | +44 0 20 7220 1666 |
James Joyce | |
patel darshan | |
Valores Fortificados - Conjunto Broker | +44 0 20 3411 7773 |
Guy Wheatley | |
Comunicaciones de marca | +44 (0) 7976 431608 |
Relaciones públicas e inversores | |
Alan Green |
Persona calificada
Kiran Morzaria B.Eng. (ACSM), MBA, ha revisado y aprobado la información contenida en este anuncio. Kiran tiene una Licenciatura en Ingeniería (Geología Industrial) de la Escuela de Minas de Camborne y un MBA (Finanzas) de la Escuela de Negocios CASS.
Declaraciones de precaución y prospectivas
Certain statements in this announcement are or may be considered forward-looking. Forward-looking statements are identi?ed by their use of terms and phrases such as "believe", "could", "should", "envisage", "estimate", "intend", "may", "plan", "will", or the negative of those variaciones o expresiones comparables, incluidas las referencias a suposiciones. Estas declaraciones prospectivas no se basan en hechos históricos, sino en las expectativas y suposiciones actuales de los Directores con respecto al crecimiento futuro de los resultados de las operaciones de la compañía. actuación, futuras capital, and other expenditures (including the amount, nature, and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes actions by governmental authorities, the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The company cannot assure investors that results will be consistent with such forward-looking statements.
La empresa considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en el Reglamento sobre abuso de mercado (UE) n.º 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de la Unión Europea (Retiro) de 2018, como modificado. Tras la publicación de este anuncio a través de un servicio de información regulatoria, esta información se considera de dominio público.
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