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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 rkhamon Dec 06, 2017 3:12pm
107 Views
Post# 27103534

Lithium mining claims lead to busy day ...

Lithium mining claims lead to busy day ...

3PL Operating Inc

The Nye County Recorder’s Office in Tonopah had a busy day in the second half of October when a group seeking to mine for lithium in the Railroad Valley area staked hundreds of claims.

Dawn Gudmunson, chief deputy recorder at the Nye County Recorder’s Office, said she recorded 2,843 mining claims on Oct. 18 for Carson City-based 3PL Operating Inc., a company looking to mine lithium.

The mining group has been working in the region for several years and started to see competitors eyeing the area of the claims, said Vincent Ramirez, CEO of 3PL.

We decided to pull the plug and take the claims that we believe is a lithium discovery,” he said.

The mining group, a private company, picked up the claims for about $20 each. Ramirez’s total claims for the Railroad Valley area in October equate to 94 square miles, he said.

Ramirez has years of experience in the oil and gas industry, working across the globe over the last three decades.

For the last decade, Ramirez said he’s been focused on Nevada.

He has focused on the Nye County claims for the last five years, he said.

The mining group also has a list of investors, many of which are Canadian.

“We have about 20 shareholders, most of them are in the mining industry—private individuals that have had success in the mining industry, for various metals, in the past, he said.

To date, there is only one active lithium mine in the nation, which sits in Esmeralda County in the town of Silver Peak.

But Ramirez’s group could change that.

“We’re not as speculative as our competitors, as evidenced by the amount of acreage we have claimed and the amount of investment we have put into this so far,” he said.

Ramirez pointed to the cost of several years of research and over $1 million, just in fees, paid out.

“I think it’s going to be a real eye-opener for a lot of people what we’ve learned about lithium,” Ramirez said. “Of course, the truth will be in the drilling.”

Ramirez expects exploration efforts to begin soon. The group doesn’t plan on using evaporation ponds, which will require permitting, he said.

“We are investigating direct extraction,” Ramirez said. “This is lithium that goes through a plant and then you run the water, the brine, back into the subsurface.”
https://pvtimes.com/news/lithium-mining-claims-lead-busy-day-nye-recorder-s-office#sthash.Ve9R8LkX.L8XiCd5i.dpbs

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