Cadence Minerals Provides Update on Leonora Goldfields Project
Why we think this is neutral
This RNS announcement provides a general update on the Leonora Goldfields Project owned by Evergreen Lithium, in which Cadence Minerals holds a 5.1% stake. The update does not contain any specific financial or operational figures, nor does it announce any major news events. As such, the sentiment is considered neutral, as the information is informative but does not significantly impact the company's performance or outlook.
Key Points
- Evergreen Lithium commences exploration at the Leonora Goldfields Project in Western Australia
- The project hosts a JORC 2012-compliant inferred gold resource of 63,000oz
- Evergreen's geology team has conducted a site visit to finalise targets for an upcoming drilling campaign
- The project is strategically located near large-scale gold operations, offering potential pathways to production
Summary
Cadence Minerals (AIM: KDNC) has noted that its investee company, ASX-listed Evergreen Lithium (ASX: EG1), has commenced exploration activities at the Leonora Goldfields Project in Western Australia. The project hosts a JORC 2012-compliant inferred gold resource of 63,000oz, and Evergreen's geology team has recently conducted a site visit to finalise targets for an upcoming drilling campaign. The project is strategically located near several large-scale gold operations, offering potential pathways to production.