Business
Update - Clancy Exploration
Update - Clancy Exploration.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8462P Cadence Minerals PLC 05 September 2017 \n\nCadence Minerals Plc\n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\nUpdate on Austrian Leogang Cobalt-Nickel Sulphide Project\nCadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) reports that Australian listed Clancy Exploration Limited (\"Clancy\" ASX: CLY), has provided an update on its exploration licences at the Leogang Cobalt-Nickel Sulphide Project in Austria (the \"Leogang Project\"). Cadence owns a 10% direct interest in these licenses.\nAs previously announced, Clancy had been granted 200 exploration licences covering approximately 80 km2 at Leogang by the Austrian Federal Ministry of Science, Research and Economy. Clancy has subsequently determined that there are 28 overlapping licences that have preceding priority claimants that predated Clancy's applications by a number of weeks. These overlapping licences cover approximately 12 km2 or about 15% of the project area. \nClancy continues to have priority over the balance of the project area, being 172 licenses covering approximately 68 km2, all of which have not undergone any forms of modern day exploration since the beginning of the 20th century. This includes the areas around, but not immediately surrounding, the historical mines and extensions through the dolomite which was the target mineralisation for the original applications. \nCadence and Clancy have agreed that we will continue to explore the potential of the Leogang Project as planned with the view of identifying a new cobalt mining precinct in the heart of Europe and on the doorstep of the battery and renewable technology sectors. In addition, Cadence and Clancy will work together to identify and acquire additional strategic mineral properties focused on the battery technology sector throughout Europe and in other international jurisdictions.\n \nThe full Clancy Exploration announcement can be found at: http://www.asx.com.au//asxpdf/20170905/pdf/43m30v7c1pv885.pdf .\n \n- Ends -\n\n\n\n\nFor further information, please contact.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCadence Minerals plc\n\n\n+44 (0) 207 440 0647\n\n\n\n\nAndrew Suckling\n\n\n\n\n\n\n\nKiran Morzaria\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited (NOMAD & Broker)\n\n\n+44 (0) 207 220 1666\n\n\n\n\nJames Joyce\n\n\n\n\n\n\n\nJames Bavister\n\n\n\n\n\n...