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 [...]
Macarthur Minerals Ltd. advises that in accordance with ASX Listing Rule 3.10A, 3,000,000 ordinary shares in the Company will be released from escrow on 8 February 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 Listing Rule 2.8.5. On behalf of the Board of Directors, Mr Cameron McCall, Chairman For more information please [...]
Macarthur Minerals Ltd. is pleased to update shareholders on an active fourth quarter 2020. 2020 Calendar Year Focus The primary focus during 2020 included: Lake Giles Magnetite project in Western Australia; Pilbara non-iron ore tenements being explored for lithium, base metals and gold; and Reviewing previous studies that outlined opportunity for the early exploitation of the hematite direct shipping iron ore, also at [...]
Macarthur Minerals Ltd. is pleased to provide shareholders with an update on key areas of progress that have been made during the 2020 calendar year, and an outline of its planned activities and focus for 2021. Feasibility Study Work on the Feasibility Study for the Lake Giles Iron Project continues to be advanced. During 2020, your Company has placed specific focus on: defining a Measured Resource for the Project ; and [...]
Macarthur Minerals Ltd. is pleased to announce the appointment of Mr Andrew Bruton as the Company’s new Chief Executive Officer. Ms Mima Wirakara has been appointed to take over the role of Company Secretary. The Company’s current CEO, Mr Joe Phillips, will assume the role of Managing Director, focusing on North American and Australian capital markets, project funding and takeover awareness. In addition, Executive [...]
Macarthur Minerals Ltd. is pleased to advise that the High Court of Australia has dismissed an application by Mr Charles Chan, Mr Victor Chan and Mr Edward Kwok for special leave to appeal against a previous decision of the Court of Appeal of the Supreme Court of Queensland. Earlier this year, the Court of Appeal had ruled unanimously in favour of Macarthur and other respondents . The High Court’s refusal to grant the [...]
Macarthur Minerals Ltd. is pleased to update shareholders on a very active third quarter 2020. The Company has continued its primary focus on the delivery of key infrastructure and resource outcomes with the ongoing development of the Company’s flagship, Lake Giles Iron Project . KEY THIRD QUARTER HIGHLIGHTS Macarthur Minerals successfully completed its Convertible Note offering with a 100 per cent uptake on [...]
Macarthur Minerals Ltd. held its 2020 Annual General Meeting today. Attached are copies of the Chairman’s address and Shareholders questions and responses. On behalf of the Board of Directors, Mr Cameron McCall, Executive Chairman. For more information please contact: Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com Investor Relations – Australia Investor Relations - Canada Advisir Investor [...]
Macarthur Minerals Ltd. is pleased to advise that all resolutions detailed in the Notice of Annual General Meeting of the Company held today in Brisbane, Australia were passed by the requisite of majority on a show of hands. Resolution 10, Approval of 10% Placement Facility was a Special Resolution which passed with the requisite 75% majority. The results of proxy votes cast in respect of each of the resolution put to [...]
Macarthur Minerals Ltd. is pleased to announce it has closed the previously announced private placement of AUD 6,249,440 million with institutional and sophisticated investors with subscriptions totalling 11,362,618 Units. Each placement unit is comprised of one New Share at a price of AUD 0.55 and one attaching whole option to acquire one fully paid ordinary share in the Company at an exercise price of AUD 0.90, with an [...]
Macarthur Minerals Ltd. would like to remind its shareholders to vote at the upcoming “hybrid” Annual General Meeting of the shareholders of Macarthur Minerals Ltd. to be held on Friday, October 30, 2020, at 10.00am Australian Eastern Standard Time . Annual General Meeting Reminder The AGM hybrid meeting will be held at the offices of HopgoodGanim Lawyers, Level 8, Waterfront Place, 1 Eagle Street, Brisbane, Queensland [...]
Highlights Firm commitments received from a private placement to sophisticated and institutional investors raising approximately of AUD 6.25 million at an issue price of AUD 0.55 bolsters working capital. AUD 20 million standby equity finance facility secured under Controlled Placement Agreement improves Macarthur’s balance sheet. Facility can be drawn down at the discretion of the Company. Bolstering of Macarthur’s [...]
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