Cadence Minerals (KDNC)

Sector:

Mining

Index:

FTSE AIM All-Share

 2.35p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.25
  • 52 Week Low: 2.30
  • Currency: UK Pounds
  • Shares Issued: 227.64m
  • Volume: 59,555
  • Market Cap: £5.35m
  • RiskGrade: 426

Rare Earth Minerals granted further licenses at Czech mine

By Maryam Cockar

Date: Tuesday 01 Nov 2016

LONDON (ShareCast) - (ShareCast News) - AIM-listed miner Rare Earth Minerals has been granted further licenses for its Cinovec lithium tin project in the Czech Republic.
Chief executive Kiran Morzaria said: "The granting of these licenses has secured 100% of the known mineralisation of the Cinovec ore body and adjacent mineralised areas in the Czech Republic.

"It has also secured some potential deeper high grade lithium and tin targets which could be extracted from some of the deeper levels of the future Cinovec mine"

The new third Cinovec license fills the gap between the second Cinovec license and the Czech-German border over the northern part of the deposit.

The aerial extent of the thirds Cinovec license is 6.8 km squared, covering a geologically prospective area for lithium and tin ore.

At the project the best lithium intercept recorded in historic drilling was 82.8m, averaging 0.31% lithium oxide at depth of 585m.

The potential lithium mineralisation east of Cinovec is blind as historic drilling found greisenised and lithium mineralised granite at depths of 500 meters below surface.

Rare Earth holds a 17.64% interest in the project through its direct equity stake in European Metals Holding, which will increase to 20.84% following investment approval at the next shareholder meeting of European Metals.

Shares in Rare Earth Minerals were down 0.25% to 0.604p at 1230 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KDNC Market Data

Currency UK Pounds
Share Price 2.35p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.25
52 Week Low 2.30
Volume 59,555
Shares Issued 227.64m
Market Cap £5.35m
RiskGrade 426

KDNC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.95% above the market average35.95% above the market average35.95% above the market average35.95% above the market average35.95% above the market average
7.94% below the sector average7.94% below the sector average7.94% below the sector average7.94% below the sector average7.94% below the sector average
Price Trend
86.58% below the market average86.58% below the market average86.58% below the market average86.58% below the market average86.58% below the market average
75.18% below the sector average75.18% below the sector average75.18% below the sector average75.18% below the sector average75.18% below the sector average
Income Not Available
Growth Not Available

KDNC Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
12:58 610 @ 2.31p
11:39 1,200 @ 2.30p
11:31 1,575 @ 2.31p
11:14 5,503 @ 2.31p
11:05 1,987 @ 2.34p

KDNC Key Personnel

Finance Director Donald Strang
CEO Kiran Morzaria

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