Cadence Minerals said that Indo Sino's Dev Mineração had been approved to export iron ore from the stockpile in Santana, Amapá, Brazil, with a total value of US$10 million.

Dev Mineração would carry out the fourth and final shipment of iron ore with the court's permission. These four batches of 58% beneficiated iron ore earned Dev Mineração approximately US$10 million.

The profit from the sale of iron ore would be used for commissioning studies, capital projects, and working capital.