Macarthur Minerals is pleased to report that it has discovered the potential for cobalt, nickel and chromium at Macarthur Australia’s Iron Ore Projects in Western Australia. David Taplin, President, CEO and Director of Macarthur, commented: “Macarthur Minerals is excited about recent analysis of historical drilling and exploration data that indicates the potential to discover cobalt, nickel, and chromium on its Iron Ore [...]
Macarthur Minerals is pleased to announce it has identified a number of significant lithium bearing, spodumene and lepidolite mineralised pegmatites at its new Marble Bar Lithium Project Joint Venture in the Pilbara region of Western Australia. David Taplin, President, CEO and Director of Macarthur commented: “Macarthur Minerals is excited about the extent of pegmatite outcrop discovered at the Marble Bar Lithium Project [...]
Macarthur Minerals is pleased to announce that it has conducted an extensive near surface geochemical sediment sampling program at the Company’s Stonewall Lithium Project, located in Lida Valley. The Lida Valley is the basin adjacent to the Clayton Valley, which hosts North America’s only producing lithium mine, Albemarle’s Silver Peak Lithium Mine. All 380 samples contained lithium with sediment assays ranging from 14.6 [...]
Macarthur Minerals is pleased to announce that London listed Cadence Minerals, the Company’s largest shareholder, have exercised their remaining 7,500,000 warrants, which increases Cadence Minerals’ interest in Macarthur Minerals from 16.09% to 20.37%. Cadence Minerals is a specialist early stage lithium focused investment and development company, within the mineral resource sector. Cadence Minerals has a track record of [...]
Macarthur Minerals is pleased to announce it has entered into an agreement to acquire the Marble Bar Lithium Project and Pippingarra Lithium Tantalite Project in the Pilbara region of Western Australia through a 50:50 joint venture with Southern Hemisphere Mining. David Taplin, President, CEO and Director of Macarthur commented: “Macarthur Minerals is excited about acquisition of further projects in the Pilbara region of [...]
Macarthur Minerals is pleased to announce that it has lodged a prospectus with the Australian Securities and Investment Commission and applied to the Australian Securities Exchange for the Initial Public Offering of Macarthur Australia to raise up to A$10 million. David Taplin, President, CEO and Director of Macarthur Minerals, commented: "Lodging the prospectus for the listing of Macarthur Australia on the ASX to raise [...]
Macarthur Minerals is pleased to announce that it has closed its fundraising for Macarthur Australia oversubscribed for A$1.4 million prior to Macarthur Australia's intended Initial Public Offering on the Australian Securities Exchange. David Taplin, President, CEO and Director of Macarthur Minerals, commented: "Closing of the Pre-IPO fund raising for Macarthur Australia Limited, oversubscribed, demonstrates strong [...]
Macarthur Minerals is pleased to announce that it has entered into a non exclusive mandate with the Tulshyan Group to raise up to A$200 million with an initial tranche of A$50 million to develop the Company's Ularring hematite iron ore project located in Western Australia. The Tulshyan Group made a strategic investment in the Company in January this year. The Tulshyan Group, based in Singapore, is one of the largest [...]
Macarthur Minerals is pleased to announce that it has appointed Novus Capital Limited head quartered in Sydney as lead manager, potential underwriter and sponsoring broker for its ASX Initial Public Offering of its Australian iron ore and lithium projects targeted for March/April 2017. Novus Capital will immediately undertake a Pre-IPO raising for up to A$1 million in Macarthur Minerals' new subsidiary Macarthur Australia [...]
Macarthur Minerals is pleased to announce that the Tulshyan Group has made a strategic investment in the Company. The Tulshyan Group, based in Singapore, is one of the largest recyclers of scrap steel in the world, has a significant shipping business with a fleet of over 30 ships and is expanding its commercial aircraft leasing business. The Tulshyan Group has significant experience in sales, marketing of steel and iron [...]
Macarthur Minerals is pleased to announce that the Company is receiving renewed corporate interest in its two iron ore projects in Western Australia with recovery of the iron ore price from its historic lows of US$38.30(1) a tonne in December 2015 to a spot price today to US$82 (A$111) a tonne(2). The Ularring Hematite Project is a "shovel ready" project as it has full State and Australian Government environmental [...]
Macarthur Minerals is pleased to announce that it has completed staking an additional 360 claims covering approximately 6,975 acres surrounding its Stonewall Lithium Project. Expansion of the Stonewall Project, by staking additional claims, has increased the Company's footprint in the Lida Valley to a total of approximately 12,019 acres (48.64 square kilometers) covering almost all of the playa (i.e. 'dry lake bed') in [...]