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Macarthur Minerals Ltd V.MMS

Alternate Symbol(s):  MMSDF

Macarthur Minerals Limited is an Australia-based iron ore development, and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Company has three iron ore projects in the Yilgarn region of Western Australia and two exploration project areas in the Pilbara, Western Australia for targeting iron ore. In addition, it has lithium brine interests in Railroad Valley, Nevada, United States. Its iron ore projects include Ularring Hematite Project, Moonshine Magnetite Project and Treppo Grande Project. The Lake Giles Iron Ore Projects (Moonshine Magnetite Project and the Ularring Hematite Project) are located on mining tenements covering approximately 62 square kilometers (km2), 175 kilometers northwest of Kalgoorlie in Western Australia. The Treppo Grande Project covers an area of over 68 km2. The Pilbara Projects tenements include E45/5324 and E45/4735. The Reynolds Springs lithium brine project covers an area of around 18 km2.


TSXV:MMS - Post by User

Bullboard Posts
Post by brandy2000on Nov 10, 2017 3:27am
114 Views
Post# 26937655

MMS & Cadence Minerals

MMS & Cadence Minerals



Cadence Minerals owns 15.7% of MMS

The web site is focused on Li, needs updating Folks!

https://www.cadenceminerals.com/projects/macarthur-minerals-project/

Macarthur Minerals (“Macarthur”) Cadence has a 15.7% equity interest in Macarthur, which is an Australian mining exploration company focused on lithium and iron ore, primarily in the Pilbara region of Western Australia. It also has a lithium project in the USA. During the period, Macarthur continued to progress and explore its existing projects and made some further investments in new exploration projects. From its current projects Macarthur reported some anomalous lithium grades in the Nevada brine prospects, discovered further pegmatite swarms and anomalous gold and copper results at its assets in the Pilbara region and also looked to advance its permitted Iron Ore project in the Yilgarn Region of Western Australia. During the period Cadence exercised its options in Macarthur, which increased our shareholding to 20.3%, subsequent to this Macarthur has raised further capital in which we did not participate, which has reduced our ownership to 15.7%.
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