CCZ: Litchfield [nr Core] & Picasso [nr Liontown] lithium projects, page-9

@seals

The question you postulated about why Cadence Mineral cant raise the money to develop Litchfield & Picasso and a whole host of lithium project CAN be answered definitively with EVIDENCE:

1] As was said in the article /interview, Cadence [London-listed] already has a 30% JV with Bacanora Minerals [London-listed]. Bacanora is currently subject to a take-over from Ganfeng. In the Stage 1 Sonora lithium project, Cadence is a small minority partner. However, in the Greater Sonora, they have a 30% stake wherein the Scoping Study done by REM plc then had an NPV of US$2bn. Stage 1 has an NPV of US$1bn [just a little over]. Per the latest interview by the CEO, once the BCN/Ganfeng takeover is complete, they would speak to Ganfeng.

2] Cadence Minerals also holds 9% of European Metals [EMH which is London & ASX listed].
This holding alone comes to some £14m the last time I checked.

As the CEO of Cadence Mineral stated on the sale of Litchfield & Picasso, Cadence has more than enough lithium projects.

Also, in selling Litchfield & Picasso to CCZ, they want exposure to green metals ie COPPER of which CCZ is exploring etc in Queensland.

You will note that Cadence Minerals [KDNC] is NOT LISTED IN AUSTRALIA. Therefore, to develop Litchfield & Picasso, it would be ideal to list in Australia given these are Australian lithium projects near Core Lithium [ASX] & Picasso near Liontown [ASX].

CCZ is both LONDON & ASX LISTED and therefore, more ideally suited to take on and develop the said 2 "prime" lithium projects at Litchfield & Picasso.

CADENCE MINERALS PLC OF LONDON
---MAIN PROJECT : AMAPA IRON ORE , BRAZIL IN JV WITH SINO.

CADENCE MINERALS PLC DOES NOT OWN 100% OF LITCHFIELD & PICASSO [Lithium Tech/Services]. Cadence owns 24% per their website.
It is on their website https://www.cadenceminerals.com/It-Is/ or
https://www.cadencemineral.com [Australia]. Another co owns the rest. For Cadence Minerals to take further % in the Australian lithium projects, it will have to RAISE ITS % by paying further sums. Also, Cadence shareholders in London believe that there was an agreement /time limit to acquire 100%? That is being discussed currently but the owner of this package is the one that has taken the decision if there was a time limit.

CHANGE OF STRATEGY:
If Cadence were to take LITHFIELD & PICASSO FORWARD, it may have to list in Australia, buy the 100% of the package rather than 24% and CHANGE STRATEGY from Amapa. It was a management decision that this was the best way forward to let CCZ do the further work.
CCZ is A C Q U I R I N G 1 0 0 % OF LITCHFIELD & PICASSO & THAT MEANS THAT IT IS BEING BOUGHT FROM THE MAIN OWNER whilst Cadence has 24%.

PRECEDENCE:
Someone mentioned that Liontown sold the NT licence to CORE LITHIUM. I looked it up and Liontown said they wanted the money to develop another or other projects. So, norm that co*s have MAIN or standing projects already so the funds are needed for these.


3] With the Founder of REM plc leaving [original name for Cadence], Mr Suckling took over as Chairman of Cadence. The strategy was then to acquire AMAPA iron ore project in Brazil. AA last had Amapa on their books for US$600m. Cadence and their partner will need to re-commission the mine and do more studies. Cadence hopes to acquire 20%, then 27 and finally 49% of Amapa subject to current ongoing events.