ASX Share rice
Fri 14 Aug 2020 - 11:37:am (Sydney)

MIO Share Price

MACARTHUR MINERALS LIMITEDMIOMaterials

MIO Company Information

Name:

Macarthur Minerals Limited

Sector:

Basic Materials

Industry:

Oil & Gas Equipment & Services

Address:

555 Coronation Drive Toowong Australia 4066

Phone:

61 7 3221 1796

Exec. Chairman & Pres:

Mr. Cameron Hugh McCall

CEO & Exec. Director:

Mr. Alan Joseph Phillips

Consultant:

Mr. Earl Evans

Exec. GM of Corp. & Company Sec.:

Mr. Andrew Bruton

Assistant Company Sec.:

Ms. Mima Wirakara

Company Overview:

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation mineral resource properties. The company primarily explores for gold, lithium, iron ore, nickel, and cobalt deposits. It holds interests in three iron ore projects in the Yilgarn region of Western Australia, including its flagship Lake Giles Iron project; various project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, and hard rock lithium; and lithium brine interests in the Railroad Valley, Nevada, the United States. The company was formerly known as Macarthur Diamonds Limited and changed its name to Macarthur Minerals Limited in July 2005. Macarthur Minerals Limited was incorporated in 2002 and is headquartered in Toowong, Australia.

MIO Share Price Information

Shares Issued:

104.04M

Market Capitalisation:

$46.82M

Revenue (TTM):

$1.78M

Revenue Per Share (TTM):

$0.02

Earnings per Share:

$0.593

Profit Margin:

-2.3448

Operating Margin (TTM):

$-3.03

Return On Assets (TTM):

$-0.05

Return On Equity (TTM):

$-0.07

Gross Profit(TTM):

$1.78M

Diluted Earnings Per Share (TTM):

$-0.05

QuarterlyEarnings Growth(YOY):

-0.998

MIO CashFlow Statement

CashFlow Date:

2020-03-31

Investments:

$-3,690,944

Change To Liabilities:

$565.68K

Total Cashflow From Investing Activities:

$-3,690,944

Net Borrowings:

$7.13M

Net Income:

$-4,177,115

Total Cash From Operating Activities:

$-3,626,576

Depreciation:

$91.01K

Capital Expenditures:

$3.69M

MIO Income Statement

Income Date:

2020-03-31

Income Before Tax:

$-4,177,115

Net Income:

$-4,177,115

Gross Profit:

$-91,012

Operating Income:

$-5,958,536

Other Operating Expenses:

$-100,000

Total Revenue:

$0

Total Operating Expenses:

$5.96M

Cost Of Revenue:

$91.01K

MIO Balance Sheet

Balance Sheet Date:

2020-03-31

Total Liabilities:

$10.37M

Total Stockholder Equity:

$61.56M

Other Current Liabilities:

$899.57K

Total Assets:

$71.94M

Common Stock:

$104.79M

Retained Earnings:

$-47,879,689

Other Liabilities:

$27.52K

Cash:

$4.52M

Total Current Liabilities:

$10.06M

Property - Plant & Equipment:

$66.61M

Net Tangible Assets:

$61.56M

Long-Term Investments:

$266.67K

Total Current Assets:

$5.06M

Short-Term Investments:

$66.88M

Accounts Payable:

$460.14K

Short-Term Investments:

$66.88

Non Current Liabilities Total:

$310.93K

MIO Share Price History

MIO News

11 Aug, 2020
Figure 1 Longitudinal section of Moonshine (west) domain, showing Mineral Resource classification (green=Measured, cyan=Indicated, yellow=Inferred, red=unclassified), and drill hole intercepts (black traces). Grid square 100 m. View to east Figure 2 Longitudinal section of Moonshine North (west) domain, showing Mineral Resource classification (green=Measured, cyan=Indicated, yellow=Inferred), and drill hole intercepts (black traces). Grid square 100 m. View to east Figure 3 Plan view of the Mineral Resources of the Lake Giles Iron ProjectAnnouncement Highlights * RCR Mining Technologies (subsidiary of NRW Holdings ASX: NRH) appointed to examine rail unloading infrastructure solution at Esperance Port * Macarthur Minerals announces a resource upgrade for the Moonshine magnetite deposit at Lake Giles * Measured Mineral Resource of approximately 53.9 Mt and Indicated Mineral Resources of 218.7 Mt * Macarthur now has sufficient resources in the appropriate categories to progress its Feasibility Study * Resource upgrade follows recently announced Proposal for development of a Commercial Track Access Agreement received from Arc Infrastructure and the announcement of plans to develop haul road and rail siding infrastructure near Lake GilesVANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) is pleased to present the updated Mineral Resource estimate for the magnetite deposits at its Lake Giles Iron Project in Western Australia, which has been completed by CSA Global Pty Ltd (CSA Global).The previous Mineral Resource estimates presented to the market between 20091 and 20192 consisted entirely of Inferred resources, including 710 million tonnes (“Mt”) at the Moonshine deposits. During 2019 the Company completed a program of infill drilling across some of the Moonshine deposit to upgrade the Mineral Resource category to include Indicated and Measured resources.  The Mineral Resource upgrade has delivered sufficient resources in the appropriate categories to underpin the current Lake Giles Iron Project Feasibility Study.The updated Mineral Resource estimates incorporate the recent drill assays and has resulted in an increase in the size of the Moonshine mineral resources including resource category upgrades to now include Measured and Indicated resources. Approximately 30% of the Moonshine resource is now classified as Indicated with approximately 7.5% classified in the Measured category.Highlights of Mineral Resource estimates: * Measured resources of 53.9 Mt at 30.8% Fe head grade and 66.0% Fe DTR concentrate grade * Indicated resources of 218.7 Mt at 27.5% Fe head grade and 66.1% Fe DTR concentrate grade * Inferred resources of 997.0 Mt at 28.4% Fe head grade and 64.6% Fe DTR concentrate gradeCameron McCall, President and Executive Chairman of Macarthur Minerals commented:“The completion of the updated Mineral Resource estimate for Macarthur’s magnetite deposits at its Lake Giles Iron Project is a major milestone for the Company as it progresses its Feasibility Study.  The updated estimate includes an increase in the size of the Moonshine and Moonshine North Mineral Resource, with category upgrades including Measured and Indicated resources.  With a Measured Mineral Resource totalling 53.9 Mt and Indicated Mineral Resources of 218.7 Mt, Macarthur now has sufficient resources in the appropriate categories to progress its Feasibility Study.Recent announcements concerning the Company’s applications to develop haul road and rail siding infrastructure near Lake Giles and the announcement that the Company has received a Proposal for development of a Commercial Track Access Agreement from Arc Infrastructure means that the Company is now edging closer than ever to making this Project real for shareholders.  The Company’s Board and Management are singularly focused on progressing through the key gateways to deliver the Project to maximise the opportunities presented in the current commodity cycle.  With our focus now on the many more successes which need to follow, we have committed to a pathway of responsible, respectful and sustainable development.  These are the principles and points of difference upon which the Company will focus as an emerging Australian iron ore producer.  This is a great outcome for Macarthur and its shareholders.” Mineral Resource UpdateThe Lake Giles Mineral Resource estimates have been updated by CSA Global and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards.The Mineral Resource estimate includes recent infill drilling conducted at the Moonshine deposits as previously disclosed on May 5, 2020 (see full release here).Figures 1 and 2 show the distribution of the Mineral Resource categories within the domains hosting the Measured and Indicated Mineral Resources for the Moonshine deposits. Macarthur’s infill drilling program concentrated on just a portion of the previously reported Mineral Resource2 to establish Measured and Indicated Mineral Resources to underpin the Feasibility Study of the Lake Giles Iron Project. Further drilling beyond the Measured Mineral Resource will be conducted as required however, the Company is confident it has established sufficient Mineral Resources to support its Feasibility Study.The Inferred Mineral Resources in Moonshine North (western domains) are extended to beyond 200 m below the depth of drilling, with geological continuity at these depths implied based upon results from aeromagnetic surveys. The results from the aeromagnetic surveys covering Moonshine are less clear and there is therefore less confidence in the interpreted depth extension of the host Banded Iron Formation (BIF) unit where there is no drill hole support.Figure 1 Longitudinal section of Moonshine (west) domain, showing Mineral Resource classification (green=Measured, cyan=Indicated, yellow=Inferred, red=unclassified), and drill hole intercepts (black traces). Grid square 100 m. View to east is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4340320e-8357-4fd3-9983-2f46c95eda25 Figure 2 Longitudinal section of Moonshine North (west) domain, showing Mineral Resource classification (green=Measured, cyan=Indicated, yellow=Inferred), and drill hole intercepts (black traces). Grid square 100 m. View to east is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c5501ac-7afa-4e7e-97e5-3110fdc0c9ec______________________________________________________________________________________________________ 1 NI 43-101 Technical Report filed December 17, 2009, titled “NI 43-101 Technical Report on Lake Giles Iron Ore Project: Western Australia.” 2 NI 43-101 Technical Report filed June 13, 2019, titled “NI43-101 Technical report, Macarthur Minerals Limited, Preliminary Economic Assessment Lake Giles Iron Project.Mineral Resource EstimatesThe Mineral Resources are reported above a Davis Tube Recovery (“DTR”) mass recovery of 15% and presented in Tables 1-3. Previous resource estimates for the Snark, Clark Hill North, Clark Hill South and Sandalwood deposits1 have been reviewed and reported in accordance with current CIM Definition Standards. Locations of the various deposits are presented in Figure 3.Table 1 Mineral Resource estimate, Moonshine and Moonshine North, where DTR>15%CategoryTonnes (MT)Head Grades (%)Concentrate Grade (%) FePSiO2Al2O3LOIDTRFePSiO2Al2O3LOI Measured53.930.80.0545.41.62.732.266.00.0316.20.2-0.7 Indicated218.727.50.04651.11.41.631.066.10.0176.70.1-0.1 Sub-total272.528.10.04750.01.41.831.266.10.026.60.2-0.2 Inferred449.127.10.04752.61.01.429.265.00.0268.40.10 Table 2 Mineral Resource estimate, Sandalwood, Clark Hill North, Clark Hill South and Snark, where DTR>15%DepositCategoryTonnes (MT)Head Grades (%)Concentrate Grade (%) FeSiO2Al2O3LOIDTRFePSiO2Al2O3LOI SandalwoodInferred33431.148.41.5-0.633.164.70.039.50.06-2.7 SnarkInferred6927.849.81.62.423.466.20.037.50.13-2.8 Clark Hill NorthInferred13025.842.61.70.1433.262.40.0412.10.16-2.6 Clark Hill SouthInferred1532.347.00.60.023163.80.029.80.140.0 Table 3 Mineral Resource estimate, all deposits, where DTR>15%CategoryTonnes (MT)Head Grades (%)Concentrate Grade (%) FePSiO2Al2O3LOIDTRFePSiO2Al2O3LOI Measured53.930.80.0545.41.62.732.266.00.0316.20.2-0.7 Indicated218.727.50.04651.11.41.631.066.10.0176.70.1-0.1 Sub-total272.528.10.04750.01.41.831.266.10.026.60.2-0.2 Inferred997.028.40.0549.61.30.630.664.60.039.20.1-1.5 Notes (for all Tables): * Figures contained within the Tables have been rounded. * Resource estimates are based on block models constructed using three dimensional geological wireframes. * Mineral Resources are reported from the block models above a DTR cut-off grade of 15% * Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Figure 3 Plan view of the Mineral Resources of the Lake Giles Iron Project is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0709fe08-b486-4854-9a07-9d14f078e5cf A supporting NI43-101 Technical Report will be filed on SEDAR at www.sedar.com within 45 days.On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:Joe Phillips   CEO & Director  +61 7 3221 1796  communications@macarthurminerals.com      Investor Relations – AustraliaInvestor Relations - Canada Advisir Investor Cubed Sarah Lenard, PartnerNeil Simon, CEO sarah.lenard@advisir.com.au +1 647 258 3310   info@investor3.ca    Qualified personThe Mineral Resources for the Lake Giles Magnetite Project disclosed in the press release have been estimated by Mr. David Williams, BSc (Hons), a member of the Australian Institute of Geoscientists. Mr. Williams, an employee of CSA Global Pty Ltd and an Independent Qualified Person, has reviewed and approved the above technical information relating to the Mineral Resource estimates contained in this release, in the form and context in which it appears.Company profileMacarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.This news release is not for distribution to united states services or for dissemination in the United StatesCaution Regarding Forward Looking Statements Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws.  All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Mineral Reserves or the eventual mining of the Project, are forward-looking statements.  The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to:  unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals.  Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
10 Aug, 2020
12:32
Yahoo! Finance
VANCOUVER, BC, Aug. Trading halts are implemented to ensure a fair and orderly market.
07 Aug, 2020
VANCOUVER, British Columbia, Aug. 07, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) announces that Northland Securities, Inc. (“Northland”) who act as the OTCQB Sponsor and Advisor to the Company confirmed Financial Industry Regulatory Authority (“FINRA”) Form 211 which was submitted pursuant to FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 ("SEA") in connection with its application to reinstate trading on the OTCQB, has been considered by FINRA. This is the final regulatory hurdle that needs to be cleared to enable Northland to initiate a price quotation on OTCQB under the ticker code “MMSDF”. Macarthur will provide a further announcement to the market confirming the date for commencement of trading on OTCQB.Cameron McCall, President and Executive Chairman of Macarthur Minerals commented:“This has been an important quarter for the Company with many major milestones achieved. I would like to thank the Board, Management and employees for their valuable contributions to the material progress that has been made for the Company and its shareholders during the course of the year.Macarthur’s many successes in 2020 have been amplified by the fact they have been achieved in the midst of the global COVID-19 pandemic. With our focus now on the many more successes which need to follow, we are more committed than ever to the successful delivery of the Lake Giles Iron Project.”Pursuant to the Company’s Share Compensation Plans, the Company has also granted a total of 3,000,000 bonus shares (“Bonus Shares”) to directors, employees and consultants of the Company, with a deemed price on grant of A$0.27 per share. The issue of the Bonus Shares, following grant, shall be subject to 6 months voluntary escrow from the date of issue and may be subject to shareholder approval, if required.On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanJoe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com     Investor Relations – Australia Advisir Sarah Lenard, Partner sarah.lenard@advisir.com.auInvestor Relations - Canada Investor Cubed Neil Simon, CEO +1 647 258 3310 info@investor3.ca About Northland Capital MarketsNorthland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., Member FINRA/SIPC. Northland Securities is registered with SEC and MSRB, and is a diversified financial services firm, including investment banking and full-service broker-dealer divisions, offering investment and finance services for government entities, financial institutions, non-profit organizations, and individual investors. Headquartered in Minneapolis, Northland Securities has branch offices in Iowa, California, Colorado, Missouri, New York, and Wisconsin.Company profileMacarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.This news release is not for distribution to united states services or for dissemination in the United StatesCaution Regarding Forward Looking StatementsCertain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
05 Aug, 2020
VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) has engaged global strategic consultancy, Advisir to manage Australian investor relations, media relations and marketing services for the Company. The engagement terms with Advisir will be via an undisclosed nominated monthly fee.Cameron McCall, President and Executive Chairman of Macarthur Minerals commented: “The appointment of Advisir to manage Macarthur’s Australian investor relations, media relations and marketing will be key element in ensuring the Company’s story and value proposition is understood by the market.  Following Macarthur’s recent dual listing on ASX, it is important that our growing investor base fully understands the significance of our material steps towards production, and the opportunities that can benefit Western Australia following successful delivery of the Lake Giles Iron Project. As an emerging producer, Macarthur has an opportunity to create clear points of difference in the delivery of the Lake Giles Iron Project.  By employing an innovative spirit and proven technology solutions in all that we do, we aim to become a leader in developing responsible, respectful and sustainable mining projects that really benefit Australia.With Advisir’s reach and approach to engagement, we are confident that the Macarthur story will cut through as we continue our aspirational climb to become ‘the best little mining company in the West’.”On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:    Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com     Investor Relations – Australia Advisir Sarah Lenard, Partner sarah.lenard@advisir.com.auInvestor Relations - Canada Investor Cubed Neil Simon, CEO +1 647 258 3310 info@investor3.ca    About Advisir Advisir is one of the world’s largest strategic investor relations consultancies disrupting the ‘traditional’ way publicly listed companies and wealth brands think about their investor engagement. We operate at the intersection of consulting, behavioural finance and digital strategy. Our platforms reach over 2.5 million investors every month, giving our clients the unique opportunity to tell their story to one of the largest investor audiences across the globe and deliver insights and analytics that enhance investor engagement. For more information visit www.advisir.com.au.Company profile Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.This news release is not for distribution to United States services or for dissemination in the United StatesCaution Regarding Forward Looking StatementsCertain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws.  All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement or the eventual mining of the Project, are forward-looking statements.  The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to:  unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance.  Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
04 Aug, 2020
VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) is pleased to announce the appointment of Mr Jonghyun (Richard) Moon as General Manager, International Sales and Marketing effective immediately.  Mr Moon brings a wealth of experience with a career of over 20 years in the resources industry, including executive positions with Glencore International AG, POSCO, and as a senior executive with Hyundai Steel where he assumed the role of Chief Representative for Hyundai Steel Company of Australia between 2013 and 2017.Mr Moon is highly experienced in international iron ore and commodities sales, marketing and mining investment.In his capacity as International Sales & Marketing General Manager, Mr Moon’s top priority will be to work with Management and the Board to identify and develop opportunities for potential strategic partners to help deliver Macarthur’s Lake Giles Iron Project in tandem with the Company’s broader project funding strategies. Mr Moon will spearhead this function from Seoul, Korea where the Company will establish an office, but has plans to integrate directly into the Company’s Management team at its headquarters in Brisbane, Australia as soon as Covid-19 travel restrictions will allow that to occur.Mr Moon holds a Bachelor of Commerce, Yeungnam University, Korea and a Master of Arts in Asian Studies, University of Birmingham, United Kingdom.Cameron McCall, President and Executive Chairman of Macarthur Minerals commented: “We are delighted to have Richard join the Macarthur team as he brings a unique perspective through his extensive global experience in the steel industry.  Richard joins us at a crucial time in our growth cycle as we progress the Lake Giles Iron Project towards production.  On behalf of the Board of Directors and myself, we extend a warm welcome to Richard where he will be an invaluable asset to Macarthur.” On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com Investor Cubed Neil Simon, CEO 647-258-3310 info@investor3.caCompany profileMacarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.This news release is not for distribution to united states services or for dissemination in the United StatesCaution Regarding Forward Looking StatementsCertain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws.  All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement or the eventual mining of the Project, are forward-looking statements.  The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to:  unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance.  Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
28 Jul, 2020
* Macarthur appoints RCR Mining Technologies to design cutting edge ‘Helix Dumper’ transport solution for Lake Giles * Helix Dumper system optimises transport of magnetite over conventional methods * RCR, a subsidiary of NRW Holdings, owns the rights to develop ‘Helix’ in Australia * The appointment of RCR and collaboration with Port of Esperance continues Macarthur’s route to market progress for Lake GilesVANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) continues its progress towards a route to market for its flagship Moonshine magnetite deposits at Lake Giles, targeting a +65% Fe beneficiated magnetite concentrate, with the engagement of RCR Mining Technologies Pty Ltd (“RCR MT”) to provide a conceptual engineering and design solution for rail transport and unloading infrastructure of magnetite concentrate at the Port of Esperance. RCR MT has been engaged to examine the potential to use cutting-edge rail unloading technology that has been successfully used in Scandinavian magnetite operations for several years.The engineering concept will employ a ‘Helix Dumper’ unloading system and Helix Dumper wagons owned and developed by Kiruna Wagon in Sweden. The Kiruna Wagon system has been successfully utilised in transporting magnetite concentrate from northern Sweden to the Port of Narvik in Norway. The system was developed specifically for magnetite concentrates to provide efficient discharge of sticky product at rates up to 25,000 tonnes per hour, and provides the potential to optimise productivity with several advantages over conventional rotary car dumpers, such as: * Lightweight wagons, increasing gross payload; * High-capacity continuous discharge, reducing operating costs; * The potential for lower capital cost; * The potential for lower operating cost with unloading powered only by the locomotive’s forward motion; and * Wagon body shape optimised for wet concentrates.Macarthur is currently working with Southern Ports Authority on the potential to develop this system at the Port of Esperance, in addition to negotiating access to develop a storage shed for its magnetite concentrate.If constructed, the system will be capable of handling tonnages well in excess of Macarthur’s immediate requirements for stage 1 of its Lake Giles Iron Project, providing the potential for increased trade through Esperance, subject to capacity elsewhere within the Port. Macarthur intends to work collaboratively with the Port to ensure that the footprint of the system and associated conveyor infrastructure (which would feed directly into the storage shed) can work in with existing operations at the Port and without adversely affecting other users.RCR MT is a subsidiary of ASX listed NRW Holdings (ASX: NWH), a leading provider of diversified services to the mining, energy and civil infrastructure sectors. RCR MT is a market leader in the design and manufacture of an extensive range of surface and bulk materials handling equipment with a reputation for delivering high quality mining technologies nationally and internationally. RCR MT holds an exclusive license to develop the Helix system in Australia and in combination with Kiruna Wagon have the ability to manufacture both the dumper and wagons in Western Australia.Macarthur’s route to market progress: * The Company announced on 25 June 2020 details of applications lodged for haul road and rail loading tenure which maps out a solution to transport magnetite from site to the existing rail network that connects to the Port of Esperance (see full release here). * The Company announced on 15 July 2020 it had received a Proposal for development of a Commercial Track Access Agreement from Arc Infrastructure, the owner of the below-rail network (see full release here).Cameron McCall, President and Executive Chairman of Macarthur Minerals commented:“This is another positive step forward for Macarthur’s Lake Giles Iron Project and demonstrates the tenacity with which Management is progressing this essential component of project delivery. The Company’s recent announcements concerning its applications to develop haul road and rail siding infrastructure near Lake Giles and that the Company had received a Proposal for development of a Commercial Track Access Agreement from Arc Infrastructure means that the Company is now edging closer than ever to delivering its route-to-market solution and making this Project real for shareholders.  With this new cutting-edge rail unloading technology having the potential to contribute to increased trade through Esperance Port, this can only be good for future economic growth and job security in the region. Macarthur welcomes the opportunity to be part of that story and to contribute a positive legacy for the State of Western Australia and workers in the Goldfields region.”On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com Investor Cubed Neil Simon, CEO +1 647 258 3310 info@investor3.caCompany profileMacarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.This news release is not for distribution to United States services or for dissemination in the United StatesCaution Regarding Forward Looking StatementsCertain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
15 Jul, 2020
VANCOUVER, British Columbia, July 15, 2020 -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) has received a Proposal that provides an agreed.
06 Jul, 2020
Macarthur Minerals Limited (MMS.V) (ASX: MIO) (the “Company” or “Macarthur”) reports that the decision in the Queensland Supreme Court, Court of Appeal, heard on 24 October 2019, with regards to the appeal by Mr Charles Chan, Mr Victor Chan and Mr Edward Kwok against Macarthur Minerals and Other Respondents (“FSDC Directors’ Claim”), was handed down on Tuesday, 30 June 2020. The Court of Appeal dismissed the appeal with costs. The Company has provided periodic updates on the progress of the litigation in previous documents filed on TSX-V and ASX, including in its annual reports and regular Management’s Discussion and Analysis.
25 Jun, 2020
Macarthur Minerals Limited (MMS.V) (ASX:MIO) (the “Company” or “Macarthur”) announces that on 25 June 2020, it lodged applications with the Department of Mines, Industry, Regulation and Safety (“DMIRS”) to develop a 93km haul road from its Lake Giles Iron Project to a proposed rail siding adjacent to the Perth to Kalgoorlie rail line in the Yilgarn region of Western Australia. Subject to obtaining required approvals and completion of construction, the proposed haul road and rail siding will provide optionality for the transport of iron ore by rail to either Esperance Port or the Port of Kwinana.
Macarthur Minerals Limited (ASX: MIO) (MMS.V) (the “Company” or “Macarthur”) is pleased to announce the completion of an agreement with Arrow Minerals Limited (ASX:AMD) (“Arrow”), for the grant of rights to apply for tenements which will support the development of infrastructure associated with a proposed magnetite processing circuit at Lake Giles. Pursuant to the Agreement, originally entered into in December 2019, (“Agreement”), Arrow will permit Macarthur to apply for and obtain a general purpose lease and a miscellaneous licence over a site within the boundary of Arrow’s exploration licences E30/393 and E30/394, to support the development of infrastructure associated with its planned magnetite processing circuit for its Lake Giles Iron Project (“Project”).
17 Jun, 2020
Macarthur Minerals Limited (ASX: MIO) (MMS.V) (the “Company” or “Macarthur”) is pleased to provide an update to Shareholders outlining an active First Quarter 2020 in the ongoing development of the Company’s flagship, Lake Giles Iron Project. The Company is pleased to also provide an update on the very positive early exploration results and next stage exploration program across the iron ore, gold, nickel and cobalt projects in Western Australia. Macarthur responded swiftly to the onset of the global Covid-19 pandemic.
04 Jun, 2020
Macarthur Minerals Limited (ASX: MIO) (MMS.V) (the “Company” or “Macarthur”) Joint Venture Partner, Fe Limited (“FEL”) has announced the completion of the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC (TRR), has purchased the royalty for $7 million. FEL has received the first payment of $3.5 million with a further instalment of $3m payable in 12 months.
28 May, 2020
Macarthur Minerals Limited (ASX: MIO) (MMS.V) (the “Company” or “Macarthur”) Joint Venture Partner, Fe Limited (“FEL”) has announced that the sale of its Evanston royalty interest to Trident Resources PLC (TRR) has been granted approval from Australia’s Foreign Investment Review Board (FIRB). The transaction has already received approval from FEL’s Shareholders, and the announcement by FEL that FIRB approval has also been granted is another important step.
26 May, 2020
Macarthur Minerals Limited (ASX: MIO) (MMS.V) (the “Company” or “Macarthur”) Joint Venture Partner, Fe Limited (“FEL”) has announced approval by its Shareholders for the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC (TRR), has entered into an agreement to purchase the royalty for $7 million. A copy of FEL’s full news release is available here.
13 May, 2020
Macarthur Minerals Limited (MMS.V) (ASX: MIO) (the “Company” or “Macarthur”) has engaged Canadian company Investor Cubed Inc. (”Investor Cubed”) to provide capital markets advice, investor relations and marketing development services to the Company. The performance based options will be governed by the provisions of Macarthur’s share compensation plan.
11 May, 2020
Macarthur Minerals Limited (MMS.V) (ASX: MIO) (the “Company” or “Macarthur”) announces that the Company intends to file an application with OTC Market Group within the next two weeks to begin trading on the OTCQB. The application to reinstate trading on the OTCQB is subject to review and approval by OTC Markets Group. As part of the process, Macarthur’s Board of Directors has approved the appointment of Northland Capital Markets, a full-service investment bank headquartered in the U.S., to act as OTCQB Sponsor and Advisor to the Company.
05 May, 2020
VANCOUVER, British Columbia, May 05, 2020 -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) has recently received the final XRF and Davis.
29 Apr, 2020
Macarthur Minerals Limited (MMS.V) (ASX: MIO) (the “Company” or “Macarthur”) is pleased to provide an update on planned exploration activities at its Hillside Gold and Copper Project by its Joint Venture Partner, Fe Limited (“FEL”). Results from the first phase drilling program reported by FEL in ASX announcement February 10, 2020 were very encouraging with three holes positively identified to have intercepted down dip extensions of a surface gossan.
25 Mar, 2020
In 2018, a rock chip sampling program across the Snark prospect discovered samples containing the cobalt mineral asbolite with assays returning up to 2.6% cobalt and 2.0% nickel1. In May 2018, a Moving Loop Electromagnetic (MLEM) geophysical survey was undertaken across the area that identified two compelling conductors coinciding with surface geochemical anomalies2.
24 Mar, 2020
Macarthur Minerals Limited (MMS.V) (ASX:MIO) (the “Company” or “Macarthur”) has been awarded a grant valued at $85,000 from the Western Australian Government to support drilling of a diamond drill hole at its Moonshine North Nickel Prospect, located within its Lake Giles Iron Project in Western Australia. The program provides $5 million a year to encourage innovative drilling in greenfields and under-explored areas of the State and offers up to 50 per cent contribution to drilling costs. The EIS grant of $85,000 was awarded to Macarthur for a diamond drilling program targeting nickel mineralisation at Moonshine.

MIO Dividend Payments

EX-Date Dividend Amount
2011-03-14$0.0245
2011-08-25$0.0175
2012-03-05$0.0199
2012-08-27$0.0210
2013-03-11$0.0220