Macarthur Minerals Ltd. is pleased to announce that the progress towards completion of the Feasibility Study for Macarthur's high grade magnetite Lake Giles Iron Project is continuing to build pace. Highlights Site visit conducted by Stantec engineers and consultants at Moonshine and Moonshine North. Geotechnical drilling programme of works to support mine planning work continues at site. Future site visit for Port of [...]
Macarthur Minerals Ltd. is pleased to announce that a geotechnical diamond core drilling programme is presently underway at Lake Giles to support the current Feasibility Study for Macarthur's high grade magnetite Lake Giles Iron Project, located approximately 115km west of Menzies in Western Australia. The drilling programme includes a series of drill holes of between 175 to 220m in depth for a total of 1,560 metres for [...]
Macarthur Minerals Ltd. is pleased to announce that it has agreed terms with Aurizon, for the transport of direct shipment ore at a rate of up to 500,000 tonnes per annum between West Kalgoorlie and Kwinana. Macarthur's combined rail position now extends the Company's potential access to rail haulage capacity in Western Australia to almost 1 million tonnes over the next 12 months, and up to 2.1 million tonnes in aggregate [...]
Macarthur Minerals Ltd. is pleased to announce that CPS Corporate Advisors has been appointed as the lead Broker for the proposed spin out of the Company's Pilbara gold, copper and lithium tenements . The Company's wholly owned subsidiary Macarthur Lithium Pty Ltd, which holds the Company's Pilbara Assets will be renamed Infinity Mining Ltd. and converted to a public company . Under the agreement with CPS, Infinity [...]
Macarthur Minerals Ltd. is pleased to update shareholders on activities during the second quarter of 2021. It has been another active quarter in which the Company has been steadily progressing the foundational work required to underpin the delivery of its Feasibility Study for its high-grade magnetite the Lake Giles Iron Project in Western Australia, whilst at the same time continuing to advance the development of early [...]
Macarthur Minerals Ltd. is pleased to provide an update on the progress of the current Feasibility Study for the Company's flagship Lake Giles Iron Project. The Company's lead consultant, Engenium now Stantec , are advancing metallurgical process test work, process flow sheet development and key non-process infrastructure engineering design work for the Feasibility Study that is presently being undertaken on the Company's [...]
Macarthur Minerals Ltd. is pleased to advise that it has partnered with an Australian iron ore producer GWR Group Limited under a deal which will enable Macarthur to complete a mine-gate purchase from GWR of up to 400,000 tonnes per annum of Direct Shipment Ore product from GWR's Wiluna West Iron Ore Project, located in Western Australia. Highlights Macarthur enters into binding but conditional Term Sheet with existing [...]
Macarthur Minerals Ltd. is pleased to announce that it has entered into a term sheet with rail haulage service provider Pacific National, regarding the transport by rail of up to 400,000 tonnes per annum of iron ore between Kalgoorlie and Esperance. The deal will support a potential direct shipment ore export pathway. The Company 's plans to pursue commencement of mining, production and export of a DSO product at Ularring [...]
Macarthur Minerals Ltd. is pleased to advise that it is about to commence a geotechnical drilling campaign to support mine planning work being undertaken as part of the current Feasibility Study for its flagship Lake Giles Iron Project in the Yilgarn region of Western Australia. The drill programme is planned to commence during July and will involve the drilling of 8 diamond core holes for a total depth of 1560m, with [...]
Macarthur Minerals Ltd. is pleased to advise that it has made an application for a Miscellaneous Licence covering an area of 74 hectares adjacent to its flagship Lake Giles Iron Project in the Yilgarn region of Western Australia. The tenure, which is adjacent to the Snark deposit of the Ularring Hematite Project, will support Macarthur's non-process infrastructure for its planned direct-shipping iron ore campaign [...]
Macarthur Minerals Ltd. is pleased to announce that it has signed a Cooperation Agreement with diversified Singaporean-based conglomerate Jin Sung International Pte Ltd , paving the way for a potential strategic investment into Macarthur's iron ore and non-iron ore assets. Established in 1967, the Jin Sung Group is a large, diversified producer of construction products with a procurement and trading business. Jin Sung is [...]
Highlights Macarthur to spin-out its gold/copper Pilbara Assets into Infinity Mining Limited and make application to list Infinity on the Australian Securities Exchange later this year, subject to exchange approvals. Infinity will acquire additional Central Goldfields assets from Zanil Pty Ltd following a successful listing on ASX. Macarthur will retain a material shareholding in Infinity following listing. Proposed [...]
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