Macarthur Minerals Ltd V.MMS

Alternate Symbol(s): MMSDF

Metals & Mining Industrial Metals & Minerals

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.

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Macarthur Minerals Ltd

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Comment by Turtleinvestoron Apr 24, 2019 2:55pm

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Post# 29665547

RE:BFS timeline

Hi, from the recent press release it was indicated the bfs study should be completed this year. read below.

Drilling Contractor Appointed to Commence Drilling at the Moonshine Magnetite Project at Lake Giles

Highlights

The Company has contracted Orbit Drilling to complete a 30 hole infill program at the Moonshine Magnetite Project.

The drill program has been planned to upgrade the Inferred Mineral Resource estimate to a Measured Mineral Resource of approximately 100 million tonnes (“Mt”) at the Project.

Drill-hole planning was conducted by CSA Global Pty Ltd (CSA), the Company’s independent geological consultants.

The Measured Mineral Resource will underpin the bankable feasibility study (“BFS”) of the Project to be completed in 2019.

https://stockhouse.com/news/press-releases/2019/04/18/drilling-contractor-appointed-to-commence-drilling-at-the-moonshine-magnetite

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