Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
LONDON - Cadence Minerals Plc (AIM:KDNC) has issued a retraction regarding previously announced information about the acquisition of the Leonora Goldfields Project by Evergreen Lithium (ASX:EG1). The retraction, dated today, concerns specific exploration targets mentioned in the original announcement on May 6, 2025, which were not compliant with the JORC 2012 reporting standards.
Evergreen Lithium has advised that the exploration target details disclosed on page 3 of the original announcement should not be relied upon by investors. The company has not completed the necessary work to release this information in accordance with the Australasian Joint Ore Reserves Committee (JORC) Code, a professional code of practice that sets minimum standards for public reporting of minerals exploration results, mineral resources, and ore reserves.
Due to the non-compliance with JORC 2012, the information pertaining to the exploration targets has been formally retracted. Investors are cautioned to disregard the retracted information and are advised against basing their investment decisions on it.
The Leonora Goldfields Project, located in a region known for its rich mineral deposits, was initially reported as acquired by EG1, an ASX-listed company specializing in lithium extraction. The acquisition was part of a strategic move to diversify and expand the company’s portfolio.
Cadence Minerals is a mining investment company associated with various mineral projects around the world. The retraction of the information from the acquisition announcement reflects the company’s commitment to providing accurate and compliant disclosures to the market.
This announcement serves as a reminder of the importance of adherence to industry reporting standards and the potential impact on investor relations. The company has not provided further details on the implications of the retraction or any additional steps it will take following this event.
The information contained in this article is based on a press release statement from Cadence Minerals Plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.