Cadence Minerals Plc
KDNC:LN
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Overview
Company Profile
Cadence Minerals is an early stage investment and development company within the mineral resource sector and is listed as an investment company on the London Stock Exchange AIM market and the Aquis Stock Exchange, also based in London.
Our strategy is to identify undervalued assets, with irreplaceable strategic advantages that will deliver capital growth to our shareholders. We invest in these assets and where required help deliver capital growth.
To meet long-term demand, we believe the metals and mining sectors require focused investment capital from knowledgeable investors that understand the substantial risk of the mineral resource sector and how to mitigate these risks to maximise potential returns for our investors.
Our investment strategy comprises of investments in private assets, in which of late we have taken a private equity approach, and public equity (e.g. listed on a stock exchange). These classes of investment can be held actively or passively.
Flagship Project - Amapá Iron Ore Project in Brazil (Cadence Minerals equity stake in project 34.9%). PFS post-tax NPV US$1.97 billion, and a projected average annual free cash flow of US$342 million over a 15-year mine life.
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Corporate
Board of Directors
Andrew Suckling
Non Executive Chairman
Andrew has over 25 years’ experience in the commodity industry. He began in 1994 as a trader on the London Metal Exchange, and subsequently became a founding partner, research analyst and trader with the multi billion fund management group Ospraie. Andrew is a graduate of Brasenose College, Oxford University earning a BA (Hons) in Modern History in 1993 and an MA in Modern History in 2000
Kiran Morzaria
Chief Executive Officer
Kiran holds a B.Eng. from the Camborne School of Mines and an MBA (Finance). He has over 20 years’ experience in the mineral resource industry working in both operational and management roles. The first four years of his career were spent in exploration, mining and civil engineering, after which he was involved in the acquisition, recommissioning and eventual sale of the Vatukoula Gold Mine. Kiran was appointed a director of Cadence in 2015, is a Non-Exec Director of European Metals Holdings and Finance Director of UK Oil & Gas Plc.
Donald Strang
Finance Director and Company Secretary
Donald is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years, holding senior financial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. He has considerable corporate and international expertise, and over the past decade has focused on mining and exploration activities. He is an Executive Director of Gunsynd plc.
Adrian Fairbourn
Non-Executive Director
Adrian began his career as an investment analyst before moving to build and manage the highly successful alternative fund-of-funds operation at the Bank of Bermuda. Adrian has co-managed a multi-family office in London, responsible for hedge fund investments, direct investments and also asset-raising for co-investment opportunities. He has successfully assisted in over $US1 billion of structuring, capital and fundraising projects for private companies and alternative funds.