A new Mineral Resource Estimate on Cadence Minerals’ Amapa iron ore project in Brazil has shown total measured, indicated and inferred mineral resources of 276.24 million tonnes, grading 38.33% Fe.
The new measured resource, which is a first, at the former Anglo American mine is of 55.33 million t, grading 39.26% Fe.
The measured and indicated resource increased to 229.48 million t at 38.76% Fe, from 176.7 million t at 39.75% Fe.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.