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Cadence Minerals ( (GB:KDNC) ) just unveiled an announcement.
Cadence Minerals has announced its interim results for the first half of 2025, highlighting significant progress in its Amapá Iron Ore Project. The company has confirmed robust project economics with a post-tax NPV of $1.97 billion and a 42% IRR. A phased development approach is underway, including the recommissioning of the Azteca Plant, which aims to produce 380,000 tonnes of iron ore concentrate annually. Cadence has secured funding through an innovative offtake agreement, minimizing shareholder dilution. The project is advancing rapidly with licenses nearing approval, positioning Cadence to transition from developer to producer, potentially increasing its market valuation substantially.
More about Cadence Minerals
Cadence Minerals plc operates in the mining industry, focusing on iron ore projects. Its primary project is the Amapá Iron Ore Project in Brazil, which includes a fully integrated mine with associated rail, port, and beneficiation facilities. Cadence holds a significant equity stake in this project and follows a two-pronged investment strategy, involving both private and public equity investments.
Average Trading Volume: 2,455,656
Technical Sentiment Signal: Buy
Current Market Cap: £13.65M
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