Macarthur Minerals Ltd. is pleased to announce that it is advancing mine planning work to support intended hematite mining operations at Lake Giles in Western Australia. The Company has commenced work to prepare a mine plan for a direct shipment ore product under a mining campaign which will initially target the Snark and Drabble Downs deposits of the Lake Giles Ularring Hematite Project. In 2012 the Company completed a [...]
Macarthur Minerals Ltd. is pleased to update shareholders on an active first quarter 2021. 2021 Calendar Year Focus Macarthur's primary areas of focus during calendar year 2021 include the following: Feasibility Study: Advancing the Feasibility Study for the Company's high grade magnetite Lake Giles Iron Project in Western Australia. Repositioning of Pilbara Assets: Repositioning the Company's non-iron ore Pilbara [...]
Macarthur Minerals Ltd. is pleased to provide an update on the progress made on the mining and haulage components of the Feasibility Study for the Lake Giles Iron Project. Macarthur has been working with Orelogy Mining Consultants and Pells Sullivan Meynink on the mine design and road haulage aspects of the Project. Highlights Macarthur engagement of Orelogy and PSM on mine design, geotechnical design and road haulage [...]
Macarthur Minerals Ltd. announces that Macarthur has elected to terminate the letter of intent between the Company, Timeless Capital Corp and Zanil Pty Ltd dated 26 February 2021 . The Letter of Intent proposed a vend by Macarthur of its non-iron ore assets in the Pilbara region of Western Australia and the copper gold assets in the Central Goldfields region of Western Australia held by Zanil into Timeless, in return for [...]
Macarthur Minerals Ltd. advises that in accordance with ASX Listing Rule 3.10A, 281,370 ordinary shares in the Company will be released from escrow on 9 April 2021. The Company will apply for the quotation for these shares within 5 business days after the end of the escrow period in accordance with ASX Listing Rule 2.8.5. On behalf of the Board of Directors, Mr Cameron McCall, Chairman For more information please contact [...]
Macarthur Minerals Ltd. is pleased to announce that has made applications for tenements to support a groundwater search drilling programme following the successful completion by CGG Aviation of a Tempest airborne electromagnetic survey of palaeovalleys adjacent to the Lake Giles Iron Project. The AEM survey was undertaken to assist in the identification of groundwater drilling targets. Highlights Recently completed [...]
Macarthur Minerals Ltd. is pleased to announce that it has appointed two leading experts to its owners' team, to enhance the delivery of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in Western Australia. Highlights of Appointments • Mineral Processing Engineer - Dr Richard Peck: Highly regarded Mineral Processing Engineer, Dr Richard Peck appointed to provide technical minerals processing [...]
Macarthur Minerals Ltd. is pleased to announce that it engaged CGG Aviation to undertake a Tempest airborne electromagnetic survey of palaeovalleys adjacent to the Lake Giles Iron Project to assist in the identification of groundwater drilling targets. CGG mobilised to site on 10 March 2021 and the aerial survey was completed over a period of 5 days. Highlights Survey covered an extensive area of the Rebecca palaeovalley [...]
Macarthur Minerals Ltd. and Timeless Capital Corp. are pleased to announce that they have entered into a letter of intent in respect of a proposed transaction , whereby Timeless shall acquire: from Macarthur, through its wholly owned subsidiary, Macarthur Lithium Pty Ltd , a portfolio of Macarthur's Pilbara, Western Australia tenements plus CAD$1.4 million in cash which Macarthur may choose to fund from the value derived [...]
Macarthur Minerals Ltd. is pleased to advise shareholders that the Company has entered into an exclusive agreement with Zanil Pty Ltd to undertake due diligence over 10 tenements in and around the Leonora Goldfields region in Western Australia . The Agreement is intended to strengthen the value proposition for a potential future repositioning of Macarthur's non-iron ore assets. Under the Agreement Macarthur intends to [...]
Macarthur Minerals Ltd. is pleased to announce that it has appointed the following leading consultants to enhance the delivery of the Feasibility Study for the high-grade magnetite, Lake Giles Iron Project in Western Australia: Study Management: Optimize Group has been appointed to provide study management services and to assist it in the preparation of the final Feasibility Study Reports. Transport Logistics: Projectus [...]
Macarthur Minerals Ltd. is pleased to announce that it has signed a Memorandum of Understanding with Southern Ports Authority which provides a pathway for agreeing a potential access and operating solution for the export of Macarthur's high grade magnetite iron ore product via the Port of Esperance . The MOU with Southern Ports is non-binding but it does establish a clear pathway for: Highlights The Port of Esperance is [...]
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