Macarthur Minerals Ltd.

Macarthur Minerals Ltd. Joint Venture Partner, Fe Ltd. has announced that the sale of its Evanston royalty interest to Trident Resources PLC has been granted approval from Australia’s Foreign Investment Review Board . The transaction has already received approval from FEL’s Shareholders, and the announcement by FEL that FIRB approval has also been granted is another important step. The transaction remains subject to [...]

Macarthur Minerals Ltd. Joint Venture Partner, Fe Ltd. has announced approval by its Shareholders for the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC , has entered into an agreement to purchase the royalty for $7 million. The sale is [...]

Macarthur Minerals Ltd. has engaged Canadian company Investor Cubed Inc. to provide capital markets advice, investor relations and marketing development services to the Company. The engagement terms with Investor Cubed are: a consulting contract paying C$5,000 per month for a term of twelve months; and Right to purchase 1,500,000 options for Macarthur shares, granted as follows: 500,000 options with an exercise price of [...]

Macarthur Minerals Ltd. announces that the Company intends to file an application with OTC Market Group within the next two weeks to begin trading on the OTCQB. The application to reinstate trading on the OTCQB is subject to review and approval by OTC Markets Group. As part of the process, Macarthur’s Board of Directors has approved the appointment of Northland Capital Markets, a full-service investment bank headquartered [...]

Macarthur Minerals Ltd. has recently received the final XRF and Davis Tube Recovery assays for the infill drilling program completed at its Lake Giles Iron Project near Kalgoorlie in Western Australia. The DTR assays confirm significant intersections of magnetite mineralisation with DTR concentrate grades up to 68.9% Fe. Drilling at the Moonshine North deposit comprised 21 reverse circulation holes for 3379 metres and 9 [...]

Macarthur Minerals Ltd. is pleased to provide an update on planned exploration activities at its Hillside Gold and Copper Project by its Joint Venture Partner, Fe Limited . Highlights of the project Down dip extension of mineralised gossan intercepted in two holes Anomalous results received include: ○ HRC 001: 1m @ 0.19% Cu, 230ppm Co, 0.14% Zn, 0.07ppm Au from 28m ○ HRC 022: 1m @ 0.74% Cu, 349ppm Co, 0.41% Zn, 0.14ppm Au from 83m ○ HRC 036: 1m @ 0.18% Cu, 0.12% Zn from 25m, 1m @ 0.27% Cu from 40m Results from the first phase drilling program reported by FEL in ASX announcement February 10, 2020 were very encouraging with three holes positively identified to have intercepted down dip extensions of a surface gossan. The three identified holes showed anomalous... [...]

Macarthur Minerals Ltd. updates on the potential for cobalt and nickel mineralisation at its Lake Giles Iron Ore Project in Western Australia, following recent rock chip sampling that coincided with the Company?s magnetite infill drilling. In 2018, a rock chip sampling program across the Snark prospect discovered samples containing the cobalt mineral asbolite with assays returning up to 2.6% cobalt and 2.0% nickel1. In [...]

Macarthur Minerals Ltd. has been awarded a grant valued at $85,000 from the Western Australian Government to support drilling of a diamond drill hole at its Moonshine North Nickel Prospect, located within its Lake Giles Iron Project in Western Australia. The grant is provided under the Exploration Incentive Scheme administered by the Department of Mines, Industry Regulation and Safety . The program provides $5 million a [...]

Macarthur Minerals Ltd. is pushing ahead on the Feasiblity Study for its Lake Giles Iron Project in Western Australia, despite strong economic headwinds caused by the coronavirus crisis. XRF assays and David Tube Recovery analysis from the infill drilling program completed at the end of 2019 have confirmed significant intersections of magnetite mineralisation. Results of these assays were released to the market on January [...]

Macarthur Minerals Ltd. Joint Venture Partner, Fe Ltd. has received encouraging results from its first phase preliminary drilling at the Hillside Project in Western Australia targeting underground extensions to the periodically outcropping mineralised gossan identified during previous reconnaissance. A total strike length of 14km was mapped and sampled at outcrop resulting in high grade rock chip results as reported in [...]