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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.


TSXV:MMS - Post by User

Macarthur Minerals Ltd
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Post by nomoneyon Jun 17, 2019 1:02pm
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Post# 29832771

Pea released

Pea released

Macarthur Minerals Ltd (C-MMS) - News Release

 

Macarthur pegs Lake Giles after-tax NPV at $375M (U.S.)

2019-06-17 12:57 ET - News Release 
Shares issued 317,546,284
MMS Close 2019-06-14 C$ 0.08

Mr. Cameron McCall reports

MACARTHUR FILES TECHNICAL REPORT FOR LAKE GILES IRON ORE PROJECT

Macarthur Minerals Ltd. has released the preliminary economic assessment undertaken by independent consultants Engenium Pty. Ltd. for its 100-per-cent-owned Lake Giles iron ore project in Western Australia.

The PEA was completed for a 2.5 to 3.4 Mtpa operation incorporating the Moonshine Magnetite and Ularring Hematite Mineral Resources to produce a high-grade blended concentrate in excess of 65% Fe. The technical and financial evaluation in the PEA indicates the Project is potentially economically viable and further project development is justified.


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