20:07 Mon 04 Jun 2018
Cadence Minerals PLC - Update - Bacanora Lithium
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Bacanora Lithium Update
Positive Progress at
Highlights:
· State Governor
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· Front End Engineering Design (FEED) ongoing and scheduled to have final designs, cost estimates and process guarantee scopes substantially completed by end Q2 2018
· Continued pilot plant operations for operator training and production of battery grade lithium samples for delivery to selected customers
· Current timetable is to commission the plant within 20 months subject to project financing
Bacanora is a lithium exploration and development company. Cadence has an approximately 8% of Bacanora's equity and 30% of Mexalit and Megalit joint venture companies. Mexalit is the owner of the
The full release can be found at: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/13665220.html
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For further information, please contact. |
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+44 (0) 207 440 0647 |
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+44 (0) 207 220 1666 |
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+44 (0) 207 907 8500 |
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+44 (0) 207 929 5599 |
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Qualified Person
About
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
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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