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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

Comment by jetstreamon Aug 23, 2020 6:12pm
187 Views
Post# 31443844

RE:Appreciate the responses DPD and Jetstream

RE:Appreciate the responses DPD and JetstreamThe port knows that MMS has  generational reserves of iron ore vs MinRes who will run out in a few years. I forget the number. MinRes is buying up some smaller reserves but this will not be ready for the port like MMS will be. The Port of Esperance is politically all about providing jobs and they want MMS's ore.  The  Port learned it's lesson when Cliff's their one company town iron ore supplier left Australia for the US. MinRes could try to buy MMS but Joe knows exactly what we are worth and what the price should be.  Glenco did an offtake with us because they know what we have and will guarantee our financing after the BFS comes out.
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