Macarthur Minerals Ltd. is pleased to advise that it has completed a Feasibility Study for the Company's high grade magnetite Lake Giles Iron Project. The results confirm that the project is economically viable under long-term iron ore price forecasts. The Feasibility Study confirms an economically viable project producing 3 million tonnes per annum of high-grade magnetite concentrate over a 25-year mine life. The project [...]
Macarthur Minerals Ltd. is pleased to announce a maiden Mineral Reserve Statement for the Lake Giles Iron Project as at 15 March 2022. The Mineral Reserve defined for the Lake Giles Iron Project, incorporates the Moonshine and Moonshine North magnetite deposits. The Lake Giles Iron Project is 100% owned by Macarthur Iron Ore Pty Ltd, . The Mineral Reserve has been incorporated into a Feasibility Study which demonstrates a [...]
Macarthur Minerals Ltd. is pleased to update shareholders on activities during the fourth quarter of 2021. Q4 2021 was very active in which the Company continued to focus on the delivery of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in Western Australia. The heavy lifting undertaken in Q4 2021 now sets Macarthur up for an exciting start to 2022. 2021 Fourth Quarter Highlights Key highlights [...]
Macarthur Minerals Ltd. is pleased to announce that following the successful completion of its Initial Public Offering , Infinity Mining Ltd. will commence trading on the Australian Stock Exchange at 3.00pm AEDT on 22 December 2021 under the ASX ticker IMI. Key points Infinity Mining Ltd. lists on ASX on 22 December 2021 under ticker code IMI Completion of Zanil Pty Ltd Tenement Sale and Purchase Agreement RC drilling [...]
Macarthur Minerals Ltd. is pleased to provide an update on the final timing for completion of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in Western Australia. The Study continues to advance well and is now in its final stages. The final date for delivery of the Study is now very close, and with increased certainty around the timing for completion of the remaining study components, the [...]
Macarthur Minerals Ltd. is pleased to announce that the Initial Public Offering of its spin-out company, Infinity Mining Ltd. has now closed. The IPO offer opened on 5 November 2021 and closed oversubscribed on 19 November 2021 under its Prospectus dated 28 October 2021. Key points Under the offer, the Company intended to raise between $7 million and $10 million with the offer closing oversubscribed at its targeted [...]
Macarthur Minerals Ltd. is pleased to announce that the Offer to subscribe for shares in the IPO of Infinity Mining Ltd. opened on 5 November 2021. The prospectus can be downloaded from the Infinity website here: www.infinitymining.com.au. Macarthur Australia Limited, a subsidiary of Macarthur, as the majority shareholder, will work closely with Infinity to develop these assets to maximize shareholder value. The current [...]
Macarthur Minerals Ltd. is pleased to announce the appointment of RSM Australia Partners to act as Auditor of the Company as approved by shareholders effective from the Annual General Meeting held on 27 October 2021. RSM Australia is one of Australia's leading professional services firms, with a national footprint and more than 35 offices across the country. RSM Australia is part of the global RSM International network [...]
Macarthur Minerals Ltd. is holding its 2021 Annual General Meeting today. Attached is a copy of the Chairman's address. On behalf of the Board of Directors, Mr Cameron McCall, Chairman For more information please contact: Joe Phillips Managing Director +61 7 3221 1796 communications@macarthurminerals.com Investor Relations - Australia Investor Relations - Canada Advisir Investor Cubed Alex Bunney, Manager Client Services [...]
Macarthur Minerals Ltd. is pleased to announce that all resolutions were passed at the Annual General Meeting of the Company held today in Brisbane, Australia. Resolution 10, Approval of 10% Placement Facility was a Special Resolution which passed with the requisite 75% majority. The results in respect of each of the resolution put to shareholders at the Annual General Meeting are set out in Appendix 1. On behalf of the [...]
Macarthur Minerals Ltd. is pleased to provide an update on the progress of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in Western Australia. The geotechnical drilling programme of works has now concluded at Moonshine and Moonshine North, and steady progress continues to be made on all other aspects of the Study, including ongoing metallurgical process test work, the design of the process [...]
Macarthur Minerals Ltd. is pleased to announce that on 18 October 2021, Infinity Mining Ltd. entered into a Sale and Purchase Agreement with Zanil Pty Ltd and Alec Charles Pointon to acquire 100% of the Central Goldfields Tenements detailed in the table below, situated in and around the Leonora region, approximately ~220 km north of Kalgoorlie in Western Australia. The vending of the Central Goldfields Tenements into [...]
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