Kiran Morzaria of Cadence Minerals discusses progress at Amapa & the Australian Lithium Projects Option

Justin Waite
Vox Markets Podcast
10:43, 30th September 2021

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Kiran Morzaria of Cadence Minerals discusses progress at Amapa & the Australian Lithium Projects Option

 

Kiran Morzaria CEO of Cadence Minerals #KDNC FOLLOW discusses progress at their Amapa Iron Project and the option they've granted to Castillo Copper to acquire their Litchfield and Picasso Lithium Projects in Australia.

 

Highlights

· ASX and London listed Castillo has a 90-day option to acquire - subject to due diligence - the Litchfield and Picasso Lithium Projects.

· Consideration for 100% of the holding companies which hold these assets (plus others) is up to AUS$ 3 million in equity of Castillo.

· Castillo is an Australian-based explorer primarily focused on copper across Australia and Zambia. The group is embarking on a strategic transformation to morph into a mid-tier copper group underpinned by its core projects.

· The Litchfield Lithium Project is contiguous to Core Lithium's (ASX: CXO) strategic Finniss Lithium Project which has JORC compliant ore reserves (7.4Mt @ 1.3% Li2O), with production slated to start in 2H 20221. There is potential for lithium pegmatite bodies along Litchfield's north-west boundary.

·The Picasso Lithium Project in WA is proximal to Liontown's Resources' (ASX: LTR) Buldania Project, with a JORC compliant resource at 14.9Mt @ 0.97% Li2O3 and has mapped pegmatites that potentially host lithium mineralisation.

 

Cadence Minerals

Cadence Minerals is an early stage investment and development company within the mineral resource sector and is listed as an investment company on the London Stock Exchange AIM market and the Aquis Stock Exchange, also based in London. Our strategy is to identify undervalued assets, with irreplaceable strategic advantages that will deliver capital growth to our shareholders. We invest in these assets and where required help deliver capital growth.

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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