Cadence Minerals Plc provided an update on the developments at the company's Amapa Iron Ore Project in Brazil (Amapa Project), with updates also provided on other investments. Highlights: Optimization studies to reduce Amapa plant capital expenditure are nearing completion; An additional processing flow sheet is being developed to increase product quality to 67% iron ore concentrate; Operational environmental licensing at the Amapa Project is on schedule, with the expected grant of the installation licenses over the mine, wholly owned port, railway, beneficiation plant and mine during 2024; Project financing discussions continue, with expressions of interest in project equity financing. This is in addition to the current MoU with TCIDR for the debt financing of the Amapa Project.