18th Nov 2024 16:29
Cadence Minerals PLC - investment and development company - Says EverGreen Lithium Ltd, in which Cadence Minerals holds an 8.7% stake, has begun drilling at its flagship Bynoe lithium project, which is south of Darwin in Australia. It says a reverse circulation rig was deployed to the site following "encouraging" initial air-core drilling. The new drilling phase aims to explore the targets identified through initial drilling, and is particularly interested in the Line 6 target, which has "demonstrated significant lithium potential".
Current stock price: 2.30 pence, up 4.6% in London on Monday afternoon
12-month change: down 66%
By Emily Parsons, Alliance News reporter
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