Kiran Morzaria of Cadence discusses strategy behind Yangibana sale and updates on Amapa

Jun 23, 2022

If you find this podcast useful please give it a rating and review on iTunes by clicking here

Kiran Morzaria CEO of Cadence Minerals #KDNC discusses the strategy beyond the sale of their Yangibana Rare Earths project tenements to Hastings Technology Metals and provides an update on their Amapa Iron Ore Project.

Highlights

• Cadence has agreed to sell its 30% working interest in the Yangibana Project tenements to the operator and owner of the remainder of the Yangibana Project, Hastings, for A$9 million (£5.1 million)

· The sale is to be satisfied by the issue of fully paid ordinary Hastings shares

· This transaction provides Cadence with equity exposure to 100% of the Yangibana Project via its equity holding in Hastings.

· The NPV of the Yangibana Project is currently AS$ 1 billion

Read the full RNS here

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Market Sectors

Mosman engages Sproule to provide formal resource estimate for Coyote Wash helium project

RentGuarantor raises £2.5 million to fund growth and marketing push

Asiamet sells KSK copper project for US$105 million cash

Georgina Energy secures equity and debt funding from new institutional investor

The real reason the gold price is so high, and who will be the winners and losers

Hybridan Monthly, 3 November 2025

Hybridan Small Cap Feast: 05 November 2025

Restore: Research

Diales Group: Research

Ultimate Products: Research

Mining Matters: Manganese in Botswana with Charlie Fitzroy of Giyani Metals

Operating in Nevada: Great Western Mining

Mining Matters: Anthony Viljoen, the CEO of Andrada Mining

Cailey Barker: Specialty metals, gold, and the state of the mining sector

Mining Matters: SP Angel’s John Meyer on Commodities, Capital, and Change

Kiran Morzaria of Cadence discusses strategy behind Yangibana sale and updates on Amapa

Kiran Morzaria CEO of Cadence Minerals #KDNC discusses the strategy beyond the sale of their Yangibana Rare Earths project tenements to Hastings Technology Metals and provides an update on their Amapa Iron Ore Project.