Edgar222 retweeted
#KDNC @ZeusCapitalLLP Note: Azteca Operating License - Granted
☑️ The granting of the operating licence is a key de-risking milestone for Azteca. With every licence in place and funding released, the investment case moves from permitting to execution
☑️ Above all else, Azteca matters as a self-funding route to the much larger Amapá DR project, which drives most of the value.
☑️ Azteca just removes an aspect of dilution for @CadenceMinerals shareholders. However, we keep our fair value unchanged today at 14.6p; Amapá is the eventual prize
spirecomms.co.uk/zeus-note-c…
#KDNC @CadenceMinerals Azteca Operating Licence has been Granted
☑️ Operating Licence valid for five years. Installation Licence remains in force alongside it.
☑️ Production commences at a reduced rate while access works and site preparation continues.
☑️ Remaining S$1.15m working capital tranche due and full-rate operation expected approx two weeks after funds are received.
☑️ First cargo of approx 45,000 to 48,000 wet tonnes scheduled once at port. Aim remains to ship before the end of 2026.
☑️ Target of approx 380,000 tonnes pa & approx 65% Fe concentrate unchanged.
CEO Kiran Morzaria: "The Installation Licence allowed us to rebuild the plant. The Operating Licence allows us to run it and sell what it produces. We now have both, and since the construction funding arrived in May, the work has run within days of the schedule we set.."
#ironore #Amapa #Azteca #Brazil
read: spirecomms.co.uk/cadence-min…
Edgar222 retweeted
A fantastic result from the @CadenceMinerals management team, on budget and ahead of schedule.
Now we generate cash. Gross Project Revenue forecasts of US $126m over the initial three-year tailings operation ($42m per year)
Net margin of roughly $41 per tonne ($120 selling price minus $79 CFR cost), Azteca estimated to generate $15.6 - $16m per year in operating cash flow before debt service and taxes.
Time to rerate rerate rerate rerate rerate #KDNC
#KDNC @CadenceMinerals Azteca Operating Licence has been Granted
☑️ Operating Licence valid for five years. Installation Licence remains in force alongside it.
☑️ Production commences at a reduced rate while access works and site preparation continues.
☑️ Remaining S$1.15m working capital tranche due and full-rate operation expected approx two weeks after funds are received.
☑️ First cargo of approx 45,000 to 48,000 wet tonnes scheduled once at port. Aim remains to ship before the end of 2026.
☑️ Target of approx 380,000 tonnes pa & approx 65% Fe concentrate unchanged.
CEO Kiran Morzaria: "The Installation Licence allowed us to rebuild the plant. The Operating Licence allows us to run it and sell what it produces. We now have both, and since the construction funding arrived in May, the work has run within days of the schedule we set.."
#ironore #Amapa #Azteca #Brazil
read: spirecomms.co.uk/cadence-min…
Edgar222 retweeted
Cadence Minerals #KDNC $KDNC.L receives the operating licence for the Azteca plant at the Amapá project, unlocking US$1.15m in working capital as production commences ticker.app/lse/KDNC/rns/2026…
Edgar222 retweeted
#KDNC @CadenceMinerals Azteca Operating Licence has been Granted
☑️ Operating Licence valid for five years. Installation Licence remains in force alongside it.
☑️ Production commences at a reduced rate while access works and site preparation continues.
☑️ Remaining S$1.15m working capital tranche due and full-rate operation expected approx two weeks after funds are received.
☑️ First cargo of approx 45,000 to 48,000 wet tonnes scheduled once at port. Aim remains to ship before the end of 2026.
☑️ Target of approx 380,000 tonnes pa & approx 65% Fe concentrate unchanged.
CEO Kiran Morzaria: "The Installation Licence allowed us to rebuild the plant. The Operating Licence allows us to run it and sell what it produces. We now have both, and since the construction funding arrived in May, the work has run within days of the schedule we set.."
#ironore #Amapa #Azteca #Brazil
read: spirecomms.co.uk/cadence-min…
Edgar222 retweeted
#AEX Rig 8000 to Arrive at Ntorya in Mid-December. NT-3 Spud Expected By EOY aminexinvestors.com/investor…
Edgar222 retweeted
#AEX Aminex now a serious multibag possibility in the coming weeks.
First gas, Rig and spud incoming, with more drills to follow.
lse.co.uk/rns/AEX/ntorya-ope…
Edgar222 retweeted
#AEX Rig 8000 to Arrive at Ntorya in Mid-December. NT-3 Spud Expected By EOY aminexinvestors.com/investor…
Edgar222 retweeted
Ntorya operations update:
• NT-3 rig arrival scheduled mid-Dec; spud expected late Dec
• NT-2 testing scheduled for Dec
• Ntorya-Madimba pipeline on track
Focus remains on first gas in December 2026.
Full RNS here: aminex-plc.com/regulatory-ne… #Tanzania #Ntorya
Edgar222 retweeted
#AEX good RNS update
lse.co.uk/rns/AEX/ntorya-ope…
Rig arrival at the NT-3 site mid-December 26
Spud late-December 2026
option to (a) carry out a workover on NT-1 or drill a separate well and (b) drill two additional wells.
maintenance operations on NT-2 completed,
Edgar222 retweeted
Aminex #AEX $AEX.L targets first gas from the Ntorya development and the spudding of the Ntorya-3 well in December 2026 ticker.app/lse/AEX/rns/2026-…
Edgar222 retweeted
G-day, yes signed last week. Waiting on Rig mob date. Slick line current well for production December and One confirmed drill NT-3 with spud expected before year end. Option to then complete further drills
Edgar222 retweeted
#AEX 10 years in the making. Finally happening.
Edgar222 retweeted
@AminexPLC is set for a very exciting few months ! #multibagger #oilandgas #investing #commodities #trading #aminex #ntorya
Edgar222 retweeted
Aminex telegram group. Active and informed. Join while the story hots up. #aex #ntorya Tanzania gas
t.me/AminexInvestorGroup
Edgar222 retweeted
Whilst we wait on mobilisation and spud details from @AminexPLC, we can see evidence that APT are making rapid progress with the civil works and operations at Ntorya ! Drilling of NT3 could be as soon as next month. A very exciting time to be a shareholder ! #aminex #multibagger
Edgar222 retweeted
Drill pad looking good!! Rig contract signed too. Monster drill coming in fast 🚀
Edgar222 retweeted
Cadence Minerals #KDNC commissions early
On track for first commercial shipment before the end if this year. Stock price has not yet reacted.
Great News for Brazil and everyone in Amapá where unemployment rate was 21% but is now 8%
