MMS on sedar19 Aug 2020 14:31
Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (the “Company” or “Macarthur”) is pleased to update shareholders on a very active second quarter 2020. The Company has continued its primary focus on the delivery of key infrastructure and resource outcomes with the ongoing development of the Company’s flagship, Lake Giles Iron Project (“Project”).
KEY HIGHLIGHTS
• 12 August - Announced Moonshine Magnetite Mineral Resource upgrade
• 7 August - Announced the submission and completion of assessment by FINRA of Form 211, the final regulatory hurdle needed to complete the Company’s re-listing on OTCQB
• 4 August - Announced appointment of International Sales & Marketing General Manager
• 28 July - Announced RCR Mining Technologies (subsidiary of NRW Holdings ASX: NRH) appointment
to examine rail unloading infrastructure solution at Esperance Port
• 15 July - Announced proposal for development of a Commercial Track Access Agreement received from Arc Infrastructure
• 25 June - Announced lodgment of applications for land access 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
• 25 June - Announced finalisation of land tenure agreement for the development of its proposed Magnetite processing plant at Lake Giles
The market has responded well to the significant progress the Company has made over the past quarter and this has been reflected in the increase in both the share price and trading volumes over recent weeks. The Company’s securities traded on the TSX-V in Canada over the past 3 months have ranged between C$0.15 to $0.46 and on the ASX in Australia over the same period, A$0.13 to $0.44, breaking through 50 and 200 moving day averages recording a new 52 week high
Sign In
Follow the stocks
