MacArthur minerals news25 Jun 2020 18:00
Macarthur Minerals lodges applications for haul road and rail- loading tenure to support potential for early revenue DSO mining at Lake Giles
Macarthur Minerals Limited (TSX-V: MMS) (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.
This key infrastructure is intended to support the development of Macarthur’s flagship Moonshine magnetite deposits at Lake Giles, targeting a +65% Fe beneficiated magnetite concentrate, and opens up the opportunity to exploit Direct Shipping Ore (“DSO”) from the Ularring hematite deposits.
In 2012, the Company completed a Pre-Feasibility Study for the mining of iron ore from its Ularring hematite deposits targeting a +60% Fe beneficiated fines sinter product. Given the current robust iron ore market, the Company is currently examining the opportunity to accelerate operations for the mining of DSO (as Stage 1) from its Ularring hematite deposits with the objective of generating early revenue flows. The development of new road and rail siding infrastructure has the potential to facilitate this, in addition to supporting the development of the Company’s flagship Moonshine magnetite resource (Stage 2) following completion of a successful Feasibility Study for the Lake Giles Iron Project which is currently being progressed.
The details of the proposed haul road and rail siding locations are set out below:
Haul Road
The proposed haul road is covered by Miscellaneous Licence Application (L16/133) extending over a distance of 93km from the Moonshine Magnetite deposit to the existing Perth to Kalgoorlie rail line that has direct access to the Port of Esperance and the Kwinana Bulk Terminal south of Perth, Western Australia. The proposed route is shown in the map in Figure 1 below.
The Company will now work towards completing environmental surveys of the road alignment to progress environmental permitting.
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