Cadence Minerals PLC - the investment company - Says Macarthur Minerals has received a proposal that provides an agreed pathway to develop a commercial track access agreement from Arc Infrastructure. The agreement is for rail from Macarthur's Lake Giles iron project, located in the Yilgarn Region of south-western Western Australia, to the Port of Esperance. "The board considers that the proposal received from Arc Infrastructure delivers the most substantial step forward for Macarthur in the last decade towards securing fully contracted train paths on the Kalgoorlie to Esperance rail line," said Macarthur President & Executive Chair Cameron McCall. Cadence holds 3% stake in Macarthur.
Cadence current stock price: 8.90 pence
Year-to-date change: up 32%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Cadence Mineral (KDNC)