Annuncio • Apr 08
Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Apr 02
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Nov 29
Macarthur Minerals Limited Announces Voluntary Delisting from TSX Venture Exchange and Status Change Pursuant to Section 11.2 of National Instrument 51-102 – Continuous Disclosure Obligations, notice is hereby given that, effective at market close on 16 May 2025, the common shares of Macarthur Minerals Limited (the “Issuer”) were voluntarily delisted from the TSX Venture Exchange. Following this delisting, the Issuer’s common shares have continued to trade solely on the Australian Securities Exchange (ASX), where the Issuer remains listed. Accordingly, as of 16 May 2025, the Issuer ceased to be a reporting issuer listed on a Canadian stock exchange and is no longer a “venture issuer” as defined in NI 51-102. Annuncio • Aug 01
Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2025 Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2025. Location: to be held as a physical meeting, at suite 4, level 34, waterfront place, 1 eagle street brisbane, Australia Annuncio • Jun 06
Macarthur Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.996655 million. Macarthur Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.996655 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,832,755
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • May 23
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.996655 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.996655 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,832,755
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • May 21
Macarthur Minerals Limited announced that it expects to receive AUD 0.25 million in funding Macarthur Minerals Limited announced that it has entered into a a binding agreement with a sophisticated investor for the issue of 25 unsecured convertible notes at a price of AUD 10,000 per note for the gross proceeds of AUD 250,000 on May 20, 2025. The notes will have a coupon rate of 10% and a maturity date of 12 months from the date of issue. The notes are convertible at the election of the Investor at any time prior to maturity, at a fixed price of AUD 0.015 per share. Issue of shares on conversion is subject to the Corporations Act 2001 (Cth) and the ASX listing Rules, including shareholder approval where required Annuncio • Aug 30
Andrew Suckling to Step Down from Macarthur Minerals Limited Board, Effective from September 26, 2024 Macarthur Minerals Limited announced that Andrew Suckling will not be standing for re-election at the Annual General Meeting (AGM) scheduled for 26 September 2024. Mr. Suckling final day with the Company will be 26 September 2024. Since joining Macarthur in 2019, Mr. Suckling has executed his roles as Non-Executive Director and as Chairman of the Remuneration and Nomination Committee as well as Chairman of the Audit and Risk Committee with due care and diligence. Annuncio • Aug 29
Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024 Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024. Location: at suite 1g, building 1, kings row office park, 40-52 mcdougall street, milton, queensland Australia Annuncio • Jul 30
Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million. Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,193,831
Price\Range: AUD 0.053
Transaction Features: Subsequent Direct Listing Annuncio • Jul 12
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,735,849
Price\Range: $0.053
Transaction Features: Subsequent Direct Listing Annuncio • Mar 01
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • Nov 25
Macarthur Minerals Limited Intersects High Grade Lithium at Tambourah South Macarthur Minerals Limited announced that 2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m. Located in the East Pilbara region of Western Australia, Tambourah South is situated among major lithium producers such as Pilbara Minerals' Pilgangoora Operations, Mineral Resources' Wodgina Project, Global Lithium's Archer project and emerging exploration ventures like Wildcat Resources' Tabba Tabba Lithium Project. Macarthur is eagerly anticipating the results of the Ambient Noise Tomography (ANT) survey imaging undertaken in March/April 2023 at Tambourah South to see whether the mineralised zone thickens at depth. If this system proves to extend to depth below the 1,500 metre surface expression, this may lead to a significant and promising new discovery for Infinity. Macarthur holds 21.65% of the issued equity and is the largest shareholder in Infinity, which is an Australian mining exploration company focused primarily on renewable rare earth minerals in Western Australia. Macarthur's spinoff to Infinity Mining, of its non-core renewable energy assets in 2021 has allowed the Company to commit its full focus to its Lake Giles Iron Project in Western Australia. The Lake Giles Iron Project mineral resources include the Ularring magnetite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). The Mineral Resource and Ore Reserve estimates presented herein have previously been released to the ASX on March 21, 2022, including supporting JORC reporting tables. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of Mineral Resources and Mineral Reserves that all assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Annuncio • Aug 03
Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023 Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023, at 10:01 E. Australia Standard Time. Location: Suite 1G, Building 1 Kings Row Office Park 40-52 McDougall Street Brisbane Queensland Australia Agenda: To receive and consider the Australian statutory report of the directors and the Australian and Canadian financial reports of the Company and its controlled entities for the year ended 31 March 2023 together with the Auditors' reports thereon; to adoption of remuneration report; to re-election of directors; to election of director paul ryan welker; to appointment of canadian auditor; to ratification of previous securities issues; to approval of 10% placement capacity; and to consider other matter. Annuncio • Jun 30
Macarthur Minerals Limited Auditor Raises 'Going Concern' Doubt Macarthur Minerals Limited filed its Annual on Jun 28, 2023 for the period ending Mar 31, 2023. In this report its auditor, RSM & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Annuncio • Aug 03
Macarthur Minerals Limited, Annual General Meeting, Aug 31, 2022 Macarthur Minerals Limited, Annual General Meeting, Aug 31, 2022, at 10:30 E. Australia Standard Time. Location: Suite 1G, Building 1, Kings Row Office Park, 40-52 McDougall Street Brisbane Queensland Australia Agenda: To receive and consider the Australian statutory report of the directors and the Australian and Canadian financial reports of the Company and its controlled entities for the year ended 31 March 2022 together with the Auditors' reports thereon; to consider adoption of remuneration report; to consider re-election of directors; to cosnider appointment of canadian auditor; to cosnider approval of fixed 20% omnibus incentive plan, employee share compensation plan and consultant share compensation plan; to consider amendments to constitution; and to consider other matters. Annuncio • May 26
Macarthur Minerals Limited Announces Board Appointments Macarthur Minerals Limited announced that it has appointed a strategic Sub-Committee to assist the company's board of directors for the purpose of the development, assessment, and implementation of the company's plan for the development of the Lake Giles Iron Project and associated infrastructure (power, water treatment and construction). The Sub-Committee has been granted the authority by the Board to appoint a Technical/Advisory team for the purpose of assessing potential strategic partners. Key members to this team are: Mr. Rharard Moon- General Manager, International Sales and Marketing; Dr. Dean rter - General Manager, Projecects; Mr. Edward Sugar - EAS Advisors, New York; and Legal, investment banking and taxation consultants to be advised. Annuncio • Apr 12
Macarthur Minerals Limited Files Technical Report for Lake Giles Iron Project Feasibility Study Macarthur Minerals Limited announced that it has filed the NI43-101 Technical Report for the Feasibility Study of 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 (dry basis) of high-grade magnetite concentrate over a 25-year mine life. The project will leverage off access to existing regional rail and port infrastructure and deliver a premium concentrate (66% Fe) product with low impurities. The Feasibility Study underpins a maiden Mineral Reserve of 237 million tonnes as reported to the market on 15 March 2022. The independent technical report, entitled "NI 43-101 Technical Report and Feasibility Study, Lake Giles Iron Project, Menzies, Western Australia" with an issue date of April 4, 2022 was prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101"). The Company will now proceed with post study optimization work, project development approvals and advancing project finance. Feasibility Study completed for a 3 Mtpa (dry basis) magnetite mining and processing operation. Feasibility Study supports a maiden Mineral Reserve of 237Mt for a 25-year mine life. Production of high-grade magnetite concentrate targeting 66.1% Fe with minimal impurities suitable for pellet feedstock. Initial capital investment of USD 569 million with mine pre-production capital of USD 43.8 million. C1 operating costs of USD 71.74 /dmt. Positive project economics with Pre-tax NPV of USD 579 million a 13% IRR and Post-tax NPV of USD 315 million. The Feasibility Study was completed by independent engineering, mining and geological consultants, Engenium now Stantec, CSA Global and Orelogy Consulting. Engenium now Stantec was engaged to complete the non-process and process infrastructure inclusive of capital and operating cost development for the Project. Engenium now Stantec are experts in taking projects from conceptualisation through to operation and handover. This experience includes greenfield development, brownfield enhancement and fully integrated mine-rail-rort project solutions. Engenium's scope of services cover feasibility study management, construction management, commissioning, engineering management and design, procurement and contract management, and metallurgical test work supervision. Since its inception in 2003, Engenium has undertaken numerous projects across the iron ore sector in materials handling and non-process infrastructure for clients including BHP, Rio Tinto, ArcelorMittal, Atlas Iron and Amex Resources. Orelogy was engaged to undertake the mine design from pit to ROM and responsible for establishing the mineral reserve for the Project. Orelogy is a specialist mining engineering consulting company with strong experience in open cut mine design across a range of commodities including iron ore. Orelogy have a proven track record in applying world class technical solutions to mining projects at both the feasibility and operational phase. Orelogy has a proven track record in innovative application to open pit scheduling and optimisation. In 2008, Orelogy began development of a proprietary open pit scheduling tool called Evolution. In 2014 Maptek, a world leading mining software provider, acquired Evolution. Orelogy remain the power user of the software tool globally and have an unrivalled experience in its practical application. Orelogy has significant experience in the iron ore sector in Australia and internationally for clients including Asia Iron, Magnetite Mines, Polaris Metals, Crosslands Resources, Atlas Iron, FMG, API JV, Australasian Resources. Annuncio • Oct 08
Macarthur Minerals Limited Updates Rail and Port Concept Plan of Operations Advance Macarthur Minerals Limited provided an update on the solid progress being made on the Feasibility Study for its high-grade magnetite Lake Giles Iron Project. An extensive body of work has been undertaken on rail and port logistics which will result in the completion of a concept plan of operations that can ensure that Macarthur achieves the most efficient and lowest cost product transport solution possible. Following on from the announcement on 1 October 2021 detailing the progress of the metallurgical and non- process infrastructure design, the summary below sets out details of current progress of both rail and port logistics and the evolving concept plan of operations for the Lake Giles Iron Project as the Feasibility Study moves closer to completion. Rail logistics: Preparation of a concept plan of operations for rail and port transport logistics is advancing to ensure that Macarthur can achieve the most efficient and lowest cost transport solution possible. The necessary work to underpin this is being undertaken by Projectus and includes the following: Below rail pricing: An updated Indicative Track Access Pricing (ITAP) proposal has been requested from Arc Infrastructure to adjust operational assumptions under the original ITAP issued in July 2020. The updated ITAP will enable Projectus to reconfirm below rail network capacity and access pricing for the Lake Giles Iron Project based upon the most up-to-date details of the required weekly train paths and the number of train consists necessary to support Macarthur's operations. Rail loop design: The layout and design configuration of the Company's proposed rail loop near Jaurdi in Western Australia is being advanced based upon the preferred train consist configuration and length. Rail wagon pricing: Rail wagon pricing is being consolidated based on updated quotes received and additional costs when in Australia, including offloading and handling and wagon certification. Rail haulage services: RFP's have been issued to above rail providers for pricing of rail haulage services from the rail loop to Esperance Port, and pricing is anticipated to be received in early to mid-October. Port access and unloading: Macarthur has participated in a process of engagement with other stakeholders for the current master plan at the Port of Esperance. The master plan is examining the planning and infrastructure requirements at Esperance up to 2050. The draft masterplan for the Port is anticipated to be released shortly, and the trade scenario analyses considered under the draft masterplan has informed Macarthur's design approach under the Feasibility Study for the development of new rail unloading and product storage solutions at the Port. The Port interface issues are being examined in conjunction with the concept plan of operations which Projectus is compiling, and the Company anticipates that a separate update will be provided to the market after the draft masterplan has been publicly released by Southern Ports Authority ("SPA"). The Company intends to continue providing updates on Feasibility Study progress (at least fortnightly) in the lead- up to the completion of the study and the delivery of the final study outputs to the market. Upcoming news releases will provide an update on the material progress that has been made on numerous aspects of the study including the tailings storage facilities, development of the 640 person mine camp and associated facilities, power and microgrid facilities and mine planning. Annuncio • Sep 21
Macarthur Minerals Limited Announces Feasibility Study Update for High Grade Magnetite Lake Giles Iron Project Macarthur Minerals Limited announced that outputs from analysis undertaken by VECKTA on an optimised power configuration solution for the company’s high grade magnetite Lake Giles Iron Project has demonstrated potential for the company to achieve renewable energy penetration for its stationary energy requirements from the commencement of operations at levels from 40% to as high as 90%. If supported by the balance of the current feasibility study, then this could establish the company as one of the few mining companies in Australia to commence operations with such a material percentage of decarbonized energy inputs for its stationary consumption requirements. At 90% penetration, the company’s Lake Giles Iron Project could lead the Australian mining sector. The outputs from the analysis work undertaken by VECTKA, have predictably determined that on-site energy generation utilising diesel as the sole fuel input will deliver both the highest operating cost per kWh and the highest CO2 emissions for the company’s stationary energy requirements at Lake Giles. However, VECKTA’s analysis has also determined that, incorporating a percentage of renewables penetration up to (and potentially exceeding) 90% of the project’s total stationary load requirements could deliver greater than expected reductions in overall energy costs over life of the mine, when compared with diesel or gas alone. An optimal system to achieve this level of renewable energy content could consist of on-site natural gas engines, solar PV and wind turbines. Whilst 90% is a high case, VECKTA’s analysis concludes that the LCOE benefits at that level are notable. A solar and gas hybrid solution with a renewables content exceeding 40% could also deliver a favorable LCOE, and this configuration could be a leading option if restrictions constrain the incorporation of wind energy. Whilst the capital costs for a microgrid system with greater than 40% renewables penetration would be higher than standalone diesel or gas, VECKTA’s analysis (which has taken into consideration a range of factors including stationary load requirements for the magnetite processing plant and associated site infrastructure, the project location, fuel prices, technology costs and climatic conditions) indicates that renewable energy penetration for Lake Giles at between 40% to 90% would deliver: a significantly lower levelized cost of delivered energy when compared to diesel or gas alone; and the low possible carbon footprint. VECKTA’s analysis creates an opportunity for the company to consider a full spectrum of options on potential energy mix to ensure that it can achieve the most economically and environmentally sustainable solution for the Lake Giles Iron Project. The VECKTA analysis will be an essential input for the delivery of the current feasibility study. As part of the feasibility study for the Lake Giles Iron Project, the company will also be considering whether the funding approach for delivery of the microgrid will be managed directly (via a specialist capital provider) or indirectly via a full wrap developer under a build-own-operate structure. These structures provide the company with the flexibility to deliver a long-term energy solution at sustained, low operating costs, while avoiding excessive upfront capital expenditures. Further work needs to be completed within the current feasibility study and future engineering, including refining cost estimates and enhancing solar and wind resource analysis, which is anticipated to be assessed and awarded through the VECKTA marketplace. Details of the preferred power configuration selected for the project and its estimated costs will be disclosed when the feasibility study is released to the market. Annuncio • Aug 26
Macarthur Minerals Limited Announces Progress of Feasibility Study for Macarthur’S High Grade Magnetite Lake Giles Iron Project Macarthur Minerals Limited announced that the progress towards completion of the Feasibility Study for Macarthur’s high grade magnetite Lake Giles Iron Project is continuing to build pace with a further site visit undertaken this week by its key consultants Stantec, at the Port of Esperance, to inspect the site and facilities. This week, the company’s lead consultants (Stantec) visited the Port of Esperance to undertake a formal site visit. Stantec are advising the company on the design of the non-process infrastructure requirements for the company’s planned high grade magnetite project in Western Australia, including the design and construction requirements for new rail unloading infrastructure and associated supporting infrastructure such as a planned 300kt storage shed. The site visit at the Port of Esperance in Western Australia (located approximately 500 km south of the company’s high grade magnetite project at Lake Giles), was conducted under guidance by representatives of Southern Ports Authority. Macarthur management team representatives accompanied Stantec on the visit, which took in all relevant aspects of Esperance Port that will be necessary to support the engineering design works for on-port infrastructure that will also inform capital and operating cost outputs for the Feasibility Study. Annuncio • Aug 20
Macarthur Minerals Limited Announces Feasibility Study Closing in on Delivery with Key Consultant Site Visit Completed Macarthur Minerals Limited announced that the progress towards completion of the Feasibility Study for Macarthur’s high grade magnetite Lake Giles Iron Project is continuing to build pace. 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 Esperance planned shortly. Feasibility Study remains on track for delivery. This week, the Company’s lead consultants (Stantec) visited Moonshine and Moonshine North to undertake a formal site visit. Stantec are advising the Company on the design of the process flow sheet for the magnetite process plant, as well as on the non-process infrastructure requirements for the Company’s planned high grade magnetite project in Western Australia. The detailed visit to the project site, located approximately 115km west of Menzies in Western Australia, was conducted under guidance by Company representatives and took in all relevant aspect of the Lake Giles Iron Project that will be covered by the Feasibility Study at the proposed mine site, as well as other areas required for the development of key non-process infrastructure (including transport logistics infrastructure such as the proposed haul road and rail siding). The previously announced geotechnical diamond core drill programme at Moonshine and Moonshine North is continuing to progress and the Company and its study consultants will shortly be undertaking a separate site visit to the Port of Esperance to support the engineering design works for on-port infrastructure that will also inform capital and operating cost outputs for the Feasibility Study. Annuncio • Jul 20
Macarthur Minerals Limited Provides Lake Giles Feasibility Study Update Macarthur Minerals Limited provide an update on the progress of the current Feasibility Study for the Company's Lake Giles Iron Project. The Company's lead consultant, Engenium now Stantec (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 high grade magnetite Lake Giles Iron Project in Western Australia. Stantec's highly experienced metallurgical process consultant Mr. Neville Dowson leads the metallurgical test work and development of the process flow sheet and engineering works for a metallurgical process plant design that will target delivery of a high grade +65% Fe magnetite concentrate. Under Stantec's guidance, metallurgical sample testing is underway in Perth utilising the expertise of Bureau Veritas (a world leader in inspection, resting and certification). The results of this test work will provide Stantec with the crucial outputs to complete the metallurgical process flow sheet engineering design work. Stantec is a highly regarded global consultancy with extensive experience in the mining sector. Stantec's presence in Australia and Canada provides the perfect platform to deliver Macarthur's Feasibility Study to required standards for the Australian and Canadian markets. The Stantec team have considerable experience in the design of magnetite processing plants. Dr Richard Peck, Macarthur's magnetite processing subject matter expert is providing oversight on Stantec's process design, metallurgical test work programme and preparation of the process design criteria, flow diagram and mass balance. Annuncio • Jul 07
Macarthur Minerals Limited to Commence Geotechnical Drill Programme at Moonshine to Support Mine Planning for Magnetite Project Macarthur Minerals Limited announced 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 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 1,560m, with varying depths of between 175 to 230m each. The drill programme will be undertaken as efficiently as possible and is expected to take between 6 to 8 weeks to complete. Annuncio • Jun 17
Jin Sung International Pte. Ltd. signed a Cooperation Agreement to acquire Iron Ore and Non-Iron Ore Assets of Macarthur Minerals Limited (TSXV:MMS). Jin Sung International Pte. Ltd. signed a Cooperation Agreement to acquire Iron Ore and Non-Iron Ore Assets of Macarthur Minerals Limited (TSXV:MMS) on June 15, 2021. Following completion of further due diligence, a strategic investment into Macarthur by Jin Sung would be subject to the execution and closing of definitive transaction documentation. A potential transaction between the parties may take the form of a strategic equity investment by Jin Sung into Macarthur’s iron ore assets or non-iron ore assets or provision of direct project financing. Annuncio • May 27
Macarthur Minerals Limited Targets Acceleration of Lake Giles DSO Campaign with Mine Planning Work to Commence At Ularring Macarthur Minerals Limited announced 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 (DSO) 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 Pre-Feasibility Study (PFS) of the Ularring Hematite Project that included beneficiation of low-grade iron mineralisation1. Given the current strength of the global iron ore market, the Company considers there is scope for development of a simple DSO operation with mobile crushing and screening equipment. The Company's mine planning work will be premised on this basis, targeting a low capital, rapid development scenario. This low-cost approach does not diminish the potential for a beneficiated sinter fines product as envisaged in the original 2012 PFS. The Snark and Drabble Downs deposits are located in close proximity to the Evanston-Menzies road that is currently being used for ore haulage by local gold mining operators. This road provides direct access to sealed highways to both Geraldton and Esperance ports as well as open access rail networks. The Company has engaged with road haulage contractors and has identified rail and export options utilising existing regional infrastructure. Additionally, the Company has made applications for miscellaneous licences to support the development of a mining camp and mining services infrastructure and is in discussions with neighbouring tenement holders for access to water bores. Highlights: Macarthur has commenced mine plan preparations. Completion of mine planning work is being accelerated to allow Macarthur to target commencement of DSO shipments as soon as possible. Mine planning work expected to be completed by the end of June, and Mining Proposal to be lodged during Third Quarter this year. The Company has identified options for an export pathway to support planned DSO mining operations and is aiming to complete arrangements for its preferred product transport and export solution shortly. The Company will continue to explore options for additional DSO export capacity to take advantage of current strong iron ore prices and maximise value for shareholders. The mine planning and associated geotechnical assessment work is expected to be completed by the end of June, and Macarthur intends to lodge a mining proposal with the Department of Mines, Industry Regulation and Safety (DMIRS) during Third Quarter this year. The Company has identified options for an export pathway to support planned DSO mining operations and is aiming to complete arrangements for its preferred product transport and export solution shortly. Following approval of the mine plan by DMIRS and subject to securing remaining project development approvals and closing project financing, the Company intends to target commencement of DSO production at Ularring at the earliest available opportunity. Annuncio • Mar 17
Macarthur Minerals Limited Announces Lake Giles Feasibility Study Update Macarthur Minerals announced that it has 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 March 10, 2021 and the aerial survey was completed over a period of 5 days. The company has been working with consulting hydrogeologists from Rockwater Pty Ltd. to define a source for process water requirements for magnetite processing at its Lake Giles Iron Project. The Goldfields region contains numerous buried palaeovalleys that are likely to contain large volumes of groundwater. Such systems are currently exploited to supply process water demands for other Goldfields operations such as BHP's Nickel West, Glencore's Murrin Murrin Nickel Project and Gold Road's Gruyere Gold Project. The western limb of the Rebecca palaeovalley is located approximately 15 to 40 km east of the Lake Giles Iron Project and extends over 160 km North to South. This system is expected to contain abundant groundwater and is currently not exploited by other operators. The company engaged CGG Aviation to undertake an airborne AEM survey covering an area of 970 km2. Electromagnetic data was collected from the survey which was conducted over 1,322 line kilometres at a line spacing of 800m. The Tempest AEM system is suited to conductivity mapping and has previously been utilised for mapping the location, extent and basement topography of palaeodrainage systems. Interpretation of the data collected will be undertaken by hydrogeologists from Rockwater, who are experts in the application of hydrological surveys, to define suitable drill targets for groundwater exploration. Annuncio • Feb 25
Macarthur Minerals Limited Enters into Exclusive Agreement with Zanil Pty Ltd Macarthur Minerals Limited announced that the Company has entered into an exclusive agreement with Zanil Pty Ltd. (“Zanil”) to undertake due diligence over 10 tenements in and around the Leonora Goldfields region in Western Australia (“Agreement”). 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 undertake a legal review of these tenements alongside a geological assessment and ultimately, the completion of an Independent Valuation on behalf of Zanil. The purpose of this due diligence is to assess the value implication of amalgamating these historic gold/copper mining tenements into a transaction to “spin-out” these areas alongside the Company’s Pilbara gold, lithium and copper tenements (“Transaction”). The exclusivity period under the Agreement allows Macarthur a period of 90 days to complete its due diligence review. Annuncio • Feb 08
Macarthur Minerals Limited Signs Memorandum of Understanding with Southern Ports Authority for Access to Port of Esperance Macarthur Minerals Limited announced that it has signed a Memorandum of Understanding (MOU) with Southern Ports Authority (Southern Ports) 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 (Port). The MOU with Southern Ports is non-binding but it does establish a clear pathway for: The design of a 300,000 tonne iron ore storage shed (shed) by Macarthur; The design of a new rail car unloading solution at the Port by Macarthur (presently proposed to be an Australian-first Helix rail car unloading solution and associated tube conveyor) (Helix Dumper); The approval of the shed and Helix Dumper designs by Southern Ports; and The identification of suitable land by Southern Ports for the construction of the shed and Helix Dumper within the Port. A conceptual engineering design report was completed by RCR Mining Technologies Pty Ltd. in 2020 for the proposed Helix Dumper and, subject to mutually satisfactory engineering design and approval processes for the shed and Helix Dumper being completed (and suitable land being identified by Southern Ports for their construction), the parties intend to commence good faith negotiations on the terms of binding commercial agreements which will be necessary for Macarthur to: Construct, operate and maintain the shed and Helix Dumper; and Access the Berth 3 ship loader at the Port. Annuncio • Dec 10
Macarthur Minerals in Pole Position to become a serious Iron Ore Player in the Yilgarn Macarthur Minerals Limited provided 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 (“Project”) continues to be advanced. During 2020, the Company has placed specific focus on: defining a Measured Resource for the Project (including the completion and filing of the required supporting technical report); and advancing resolution of the key transport infrastructure solutions necessary to successfully deliver the company's high-grade magnetite product to market. The many and complex elements of the Feasibility Study are being addressed with appropriate rigour to ensure that the Project can be optimised. The Company continues to target conclusion of the Feasibility Study next year and is working with its financial advisers (EAS Advisors in New York) to align the conclusion of the study with the delivery of a diligently structured capital funding solution aimed at preserving value and minimising dilutionary impacts for shareholders. Route to marketpotential remains unaffected by the realities of broader regional iron ore production: The Company’s Board and Management remain confident that, (following completion of a successful Feasibility Study for the Lake Giles Iron Project), the potential for the Project to commence commercial mining operations by the current target of first quarter of 2024 remains unaltered by broader regional iron ore production utilising the existing rail and port network. The reasons for this include the following: The Kalgoorlie to Esperance rail network continues to remain under-utilised when compared with historic run rates during the periods leading up to mid-2018. With a run rate of just over 7 million tonnes of iron ore shipped along the Kalgoorlie to Esperance rail network during the 2020 financial year, and run rate marginally above 8 million tonnes during the last four quarters to 30 September 2020, the rail network remains materially under-utilised when compared with the rates being achieved up to mid-2018 prior to Cliffs Natural Resources leaving the Australian market. The Company’s Board and Management consider that there is adequate potential capacity to handle Macarthur’s initial 3.3mtpa of iron ore products from Lake Giles, and this has been supported by the recent Proposal that the Company received from Arc Infrastructure (“Arc”) for below rail capacity (see 15 July 2020 ASX announcement here). The Arc Proposal provides indicative track access pricing and a clear pathway to a full Commercial Track Access Agreement which can support Macarthur’s Feasibility Study. Iron ore exports through the Port of Esperance during the 2020 financial year totalled 7,378,420 tonnes (Source: Southern Ports Authority Annual Report 2020). At this level, capacity on the Berth 3 iron ore ship loader remains materially underutilised when compared with the level of iron ore exports that occurred prior to the region’s major producer, Cliffs Natural Resources, leaving the Australian market in mid-2018. The Company remains confident of achieving a solution that can capitalise on the potential for available capacity through the Port of Esperance to complete its route to market. Management is working diligently with the Southern Ports Authority to examine options for rail unloading, product storage and ship-loading solutions to support all required production tonnages, and with the intention of achieving a contracted pathway for critical infrastructure access at the Port of Esperance in the short term. 2021 Objectives: Following closing of the recent AUD 6.25 million private placement, and the separate ‘at call’ AUD 20 million controlled placement facility, the Company is well funded to target delivery of a number of other material objectives during the next 12 months. In addition to completing the Feasibility Study, securing a strategic partner and concluding the company’s route to market for the Lake Giles Iron Project, 2021 will see the Company focusing on a series of complementary objectives. These include: To commence commercial production of the hematite resource at Ularring and facilitate an associated export solution for that resource; To formalise strategic partnerships for the key infrastructure needed to commercialise the Lake Giles Iron Project; and To reposition the Company’s 100% owned, 720 km2 of Lithium, Gold, Copper and base metal tenements in the Pilbara region of Australia and its Lithium claims in the Nevada region of the USA so that their value can be unlocked for the benefit of shareholders. Management remains primarily focused on delivering the Lake Giles Iron Project and each of the above objectives aligns directly with that purpose, while creating potential to grow further value for shareholders in the short term. Details on the Company’s imminent plans to advance early hematite production at Ularring will be provided to the market in the coming weeks and months. Iron Ore Market: From a market perspective, the iron price has remained very robust during 2020, driven by high steel production and demand in China, and margins for high-grade, low impurity magnetite concentrate are forecast to continue given the commitment of many global economies to clean air, zero emissions targets by 2050/2060. This has the potential to drive long-term demand for magnetite concentrate and for the cleaner fuel inputs to electric arc furnace technology that can help to achieve a zero emissions global steel industry. Iron ore prices have continued to remain robust and the margin for high grade +65% Fe fines continues to trend well. Annuncio • Nov 12
High Court of Australia Order Finally Dismisses Kwok/Chan Claim Against Macarthur Minerals Macarthur Minerals Limited announced 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 "Respondents"). The High Court's refusal to grant the Applicants special leave to appeal means that the longstanding proceedings (initiated in 2016) are now finally at an end. There is no further avenue of appeal available to the Applicants. As previously reported to the market, the Applicant's original proceeding was dismissed by the primary judge in the Supreme Court of Queensland. On 30 June 2020, the Court of Appeal unanimously dismissed the Applicant's appeal against the original decision, ordering that the Applicants pay the Respondent's costs. In August this year, the Applicants subsequently sought special leave from the High Court of Australia to appeal against the decision of the Court of Appeal. The High Court saw no basis for it to grant such leave. Annuncio • Oct 14
Macarthur Minerals Limited announced that it expects to receive AUD 6.249446 million in funding Macarthur Minerals Limited (TSXV:MMS) announced a private placement of 11,362,629 fully paid ordinary shares at a price of AUD 0.55 per share for gross proceeds of AUD 6,249,446 on October 13, 2020. The transaction will include participation from sophisticated and institutional investors. The company will also issue one attaching whole option for every one common share subscribed by the investors in the transaction. Each attaching option will be exercise into common share of the company at a fixed price of AUD 0.9 per share for a period of 24 months from the date of issuance. The transaction will be completed in two tranches. The company will issue 11,362,629 shares and 5,137,371 options in first tranche, and 6,225,258 options in second tranche. The second tranche is expected to close on November 2, 2020. Issuance of tranche 2 securities will be subject to receipt of shareholder approval in annual general meeting held on October 30, 2020. The transaction is subject to receipt if all necessary regulatory approvals including ASX and TSXV approval. The company received net proceeds of AUD 5,574,479.24 in the transaction. Annuncio • Oct 03
Macarthur Minerals Limited Provides Technical Report for Lake Giles Magnetite Mineral Resource Macarthur Minerals Limited announced it has filed the technical report for the magnetite Mineral Resource update for its 100% owned Lake Giles Iron Project in Western Australia. The independent technical report, entitled “NI43-101 Technical Report, Magnetite Mineral Resource, Lake Giles Magnetite Project, Western Australia (“2020 Technical Report”) with an issue date of September 29, 2020 was prepared in accordance with the requirements of National Instrument 43-101 (“NI 43-101”). The Technical Report was completed by independent geological consultants CSA Global Pty Ltd. (CSA Global). The previous Mineral Resource estimates presented to the market between 20091 and 20192 consisted entirely of Inferred resources, including 710 million tonnes (“Mt”) at the Moonshine deposits. During 2019 the Company completed a program of infill drilling across some of the Moonshine deposit to upgrade the Mineral Resource category to include Indicated and Measured resources. The Mineral Resource upgrade has delivered sufficient resources in the appropriate categories to underpin the current Lake Giles Iron Project Feasibility Study. The updated Mineral Resource estimates incorporate the recent drill assays and has resulted in an increase in the size of the Moonshine mineral resources, including resource category upgrades to now include Measured and Indicated resources. Approximately 30% of the Moonshine resource is now classified as Indicated with approximately 7.5% classified in the Measured category. Highlights of Mineral Resource estimates: Measured resources of 53.9 Mt at 30.8% Fe head grade and 66.0% Fe DTR concentrate grade; Indicated resources of 218.7 Mt at 27.5% Fe head grade and 66.1% Fe DTR concentrate grade; Inferred resources of 997.0 Mt at 28.4% Fe head grade and 64.6% Fe DTR concentrate grade. The Lake Giles Mineral Resource estimates have been updated by CSA Global and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards. The company’s infill drilling program concentrated on just a portion of the previously reported Mineral Resource2 to establish Measured and Indicated Mineral Resources to underpin the Feasibility Study of the Lake Giles Iron Project. Further drilling beyond the Measured Mineral Resource will be conducted as required however, the Company is confident it has established sufficient Mineral Resources to support its Feasibility Study. The Inferred Mineral Resources in Moonshine North (western domains) are extended to beyond 200m below the depth of drilling, with geological continuity at these depths implied based upon results from aeromagnetic surveys. The results from the aeromagnetic surveys covering Moonshine are less clear and there is therefore less confidence in the interpreted depth extension of the host Banded Iron Formation (BIF) unit where there is no drill hole support. Annuncio • Sep 26
Macarthur Minerals Limited Esperance Bulk Port Rail Unloading Solution Advances with RCR Mining Technologies Cadence Minerals announced that Macarthur Minerals has provided an update on its continued progress towards completing its route to market for the flagship Moonshine magnetite deposits at Lake Giles. Following the recent engagement of RCR Mining Technologies Pty Ltd. (RCR MT) to provide a conceptual engineering and design solution for rail transport and unloading infrastructure of magnetite concentrate at the Port of Esperance, Macarthur and RCR MT completed a site visit to the port on 27 August 2020 in conjunction with representatives from Southern Ports Authority and Arc Infrastructure. Highlights: Macarthur and RCR Mining Technologies have completed a site visit to the Port of Esperance in conjunction with representatives from Southern Ports Authority and Arc Infrastructure. Subject to approval by Southern Ports Authority, RCR MT's cutting edge 'Helix Dumper Wagon' (Helix Dumper) transport solution for Lake Giles Iron Project can be developed within the Port envelope at Esperance. Macarthur's proposal for the development of the Helix Dumper solution will allow optimisation of existing Berth 3 ship-loader capacity at the Port of Esperance, enhancing its current performance from the current 2,220tph throughput to over 4,500tph capacity. RCR MT expects to complete its engineering design report on the Port of Esperance unloading infrastructure within weeks, creating a pathway (in collaboration with Southern Ports Authority and Arc Infrastructure) to select a preferred development option for the new rail unloading infrastructure system. Reaching agreement on a preferred development option for the Helix Dumper and connected conveyor path will deliver the next material piece of the rapidly emerging 'route to market' solution for Macarthur's Lake Giles Iron Project. Annuncio • Sep 22
Macarthur Minerals Limited's Retention of Pilbara Tenements Provides Opportunity to Explore for New Partners Macarthur Minerals Limited announced last week that it is retaining 100% of its tenements in the Pilbara region of Western Australia following the end of the Option Agreement entered into with Fe Limited in 2019. The tenements, held by the Company's wholly owned subsidiary Macarthur Lithium Pty Limited, include the Hillside, Panorama, Strelley's Gorge and Tambourah projects. These projects are considered prospective for gold, copper, lithium and iron. This early interest augurs well for the future of the Pilbara projects and the value potential for Macarthur's shareholders. Macarthur continues to primarily focus its resources on bringing its Lake Giles Iron Project into production and is seeking options to advance the Pilbara tenements to realise shareholder value without incurring material expenditure or significant management time. Over the last 12 months, the program of exploration that has been undertaken across the Pilbara tenement portfolio has provided very positive early results for a range of base and precious metals. A summary of the previously reported prospectivity of the tenement portfolio is outlined below: The Hillside Gold and Copper Project includes four tenements covering 400 km 2 located approximately 185 km south east of Port Hedland and 50 km south west of Marble Bar. The project is situated in an area of highly prospective greenstone terrane that includes the Apex and Euro Basalts and other units of the Warrawoona group. Numerous surface gold and copper rock chip occurrences suggests this area is highly prospective for gold and copper mineralisation. The Hillside tenements surround the mining lease of the historic Edelwiess gold mine. A limited drilling program consisting of six rotary percussion holes conducted by Metana Minerals N.L in 1980 intersected gold mineralisation associated with quartz veins. Gold was recorded in three holes with an average grade of approximately 12 g/t Au and a maximum of 25.83 Au g/t. In addition, sampling along a discontinuous outcropping gossan over a strike of 18 km, showed high potential for copper mineralisation. A total of 20 results yielded above 1,000 ppm Cu to a maximum of 7.8% Cu. The gossan line was traced over a 14km strike length with remnant outcrop identified at regular intervals along strike. A total of 36 rock chip samples were collected including 15 from outcropping gossan with several samples containing visible copper minerals such as malachite. Remaining samples were collected from quartz outcrops, many of which returned strongly anomalous gold grades. The assay results are highly encouraging with eight samples returning copper values over 1% with a peak of 18.8% Cu and often accompanied with elevated gold, silver and zinc values (+/- cobalt). Exploration at the Hillside Project also discovered high grade manganese mineralisation in sub parallel outcrops to the gossan line sampled above. Rock chips samples returned a maximum of 59.4% MnO (>46% Mn).