Activity continues apace with the diamond drill rig at Red Setter targeting depths up to 400m. As with the RC work the purpose of the 25 hole programme is to:
• Test extensions of known gold–copper mineralisation
• Evaluate continuity along the 4km diorite trend
• Improve understanding of structural controls on mineralisation
• Target zones of strongest alteration and sulphide mineralisation
#WSBN #Mining #Gold #Copper #Pilbara #WesternAustralia
#KDNC@CadenceMinerals - Azteca Plant Restart Update
✅ Offtaker requested clarification on LI / Operating Licence, and first construction funding tranche cleared on 25 May 2026
✅ DEV has executed primary contractor agreement, with mobilisation expected to commence next week and full contractor mobilisation expected 2nd week of June 2026.
✅ Stated commissioning target for end June 2026 moves to end July under an accelerated development timeline and end of August 2026, if we include normal contingencies.
CEO Kiran Morzaria: “Having just returned from site, I remain encouraged by the practical progress being made at Azteca and the level of operational readiness across the project....With the LI granted, funding now progressing and contractor mobilisation expected to commence shortly, Azteca recommissioning is progressing rapidly into the execution phase”
read: https://t.co/5yjovGS5kn
#KDNC Great progress from @CadenceMinerals. A few weeks delay on a project of this scale is neither here nor there, and most importantly and significantly, the first tranche of funding has been received to complete Azteca recommissioning.
Don't forget @Edison_Inv_Res have a 73p price target for Cadence. Current price 6.24p. No brainer.
#KDNC@CadenceMinerals - Azteca Plant Restart Update
✅ Offtaker requested clarification on LI / Operating Licence, and first construction funding tranche cleared on 25 May 2026
✅ DEV has executed primary contractor agreement, with mobilisation expected to commence next week and full contractor mobilisation expected 2nd week of June 2026.
✅ Stated commissioning target for end June 2026 moves to end July under an accelerated development timeline and end of August 2026, if we include normal contingencies.
CEO Kiran Morzaria: “Having just returned from site, I remain encouraged by the practical progress being made at Azteca and the level of operational readiness across the project....With the LI granted, funding now progressing and contractor mobilisation expected to commence shortly, Azteca recommissioning is progressing rapidly into the execution phase”
read: https://t.co/5yjovGS5kn
#KDNC near-term catalysts clearly:
• operating licence
• Azteca refurbishment
• Mechanical & structural works
• Commissioning targeted end June
• First production & cashflow shortly after
Transition from story ➜ producing asset could rerate fast when delivered. 👀 #amapa
🚨🎙️Gareth Bale on the Spurs vs Chelsea penalty controversy, explains the laws with regards under IFAB:
“If you slow it down frame by frame, there’s no world in football where that isn’t a penalty. You can’t grab a defender like that inside the box, regardless of whether the ball is technically ‘in play’ for half a second or not.”
Marc Cucurella was seen pulling down Micky van de Ven during a Tottenham corner, a moment that sparked immediate controversy after the referee awarded a yellow card for the foul but did not give a penalty, instead ordering a retake of the corner.
“The laws are clear under IFAB. If a holding offence like that happens inside the penalty area once the ball is in play, it’s a penalty, simple. You can’t punish the foul with a yellow card and then ignore the consequence of it.”
“That’s what confuses people. You’ve already judged it as a foul worthy of a card… so where is the penalty? That’s the inconsistency fans can’t accept.”
“That’s where football loses people. They hide behind ‘ball not in play’ arguments, but in reality, the attacking movement has already started. Defenders know exactly what they’re doing in that moment.”
“If that happens in the middle of the pitch, it’s a foul every time. But because it’s in the box, suddenly we’re rewriting when a foul counts. That’s why Spurs fans feel robbed and honestly, I understand them.”
#KDNC@Edison_Inv_Res note on @CadenceMinerals - Azteca moves into execution phase
✅ Broader Amapá project remains Cadence’s main long-term value driver
✅ We view the LI grant as a significant de-risking event and positive catalyst
✅ Adjusting for Cadence’s increased 36.2% ownership gives a valuation of US$437m, or £322m (approx 73p equivalent)
#ironore #amapa #azteca #brazil
read: https://t.co/DQY1VVS439
#KDNC - In this interview clip with @CadenceMinerals CEO Kiran Morzaria, @Alan__Green asks whether
✅ Forecasts for Azteca profits of $40/t are still in line
✅ Impact of Iran War on shipping costs etc
#azteca#amapa#ironore#brazil
Full interview here: https://t.co/2RKuJR061f