Cadence Minerals (GB:KDNC) has released an update.
Cadence Minerals has announced a significant increase in the Net Present Value of their Amapá Iron Ore Project to US$1.145 billion, with a projected increase in annual production and a decrease in cash costs. The positive updated economic study also reflects an improved post-tax internal rate of return of 42%. The company is advancing its ‘Green Iron’ processing initiative and is on track with environmental licensing, expecting to enhance the project’s profitability and meet the demand for eco-friendly iron ore.
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