Cadence Minerals (LSE:KDNC) released an update on the ongoing Offtake Financing discussions for its Azteca processing plant, noting that recent findings have supported the company’s assumptions in negotiations. According to the update, non-systematic grab samples collected from the plant’s tailings confirmed iron grades in line with expectations, satisfying the prospective offtaker and allowing the financing process to move ahead without the need for additional sampling.
The samples—taken exclusively for due-diligence review—were prepared and analysed by an independent accredited laboratory using industry-standard methodologies and appropriate QA/QC protocols. Cadence emphasized that the material was not used for geological modelling, technical assessments, or resource estimation.
The company said the development aligns with its broader strategy to secure funding arrangements and reinforce its competitive position within the minerals sector.
More about Cadence Minerals
Cadence Minerals is engaged in mineral exploration and development, with a focus on iron ore and related mineral projects. The company aims to advance its assets through strategic partnerships, targeted investment, and financing structures designed to enhance long-term operational and commercial performance.
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