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Cadence ups Australia exposure

Cadence Minerals (AIM:KDNC) has picked up exposure to three lithium prospects in Australia as part of earn-in deal with two private companies that was originally focused on Argentina.

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Over the hill: Cadence spruiked the Picasso project's proximity to the Bald Hill mine, 40km to the south, where exploration continues

Cadence has 4% of Queensland-registered Lithium Technologies and Lithium Supplies and says it will now up that share to 31.5% with £300,000 (US$397,395) in cash and 373 million shares.