Macarthur Minerals Limited (TSXV:MMS) (the “Company” or “Macarthur Minerals”) is pleased to provide an update to shareholders to highlight a very active year during 2017 with the development of its lithium and gold tenement and claims portfolio within the very prospective regions of the Pilbara (Western Australia) and Railroad Valley (Nevada, USA).
Cameron McCall, Macarthur Minerals’ Executive Chairman of commented:
“The Macarthur Board and Management Team have worked diligently throughout 2017 to form the framework to create value through continued development of its extensive lithium and gold tenement portfolios. Macarthur has also maintained its iron ore portfolio in the Yilgarn region (Western Australia) in anticipation of bulk commodity price recovery and capacity release on the Goldfields/Esperance Port export corridor.
During 2017 the Company was active in seeking project and infrastructure partners to support the development of its Yilgarn iron ore project in Western Australia. In addition, I would like to provide the following update on the iron ore, gold and lithium projects being pursued by Macarthur. As we look ahead to 2018, we are excited at the potential of these projects to create value for all Macarthur shareholders.”
The Company continues to evaluate its Ularring Hematite project. This project continues to have the potential to be very valuable to Macarthur with over A$61m having been invested on the project to date. The project is adjacent to two major producing mines, both of which are approaching resource depletion which will provide Macarthur with the opportunity to access rail and port capacity and to re-evaluate resource development of its Ularring Hematite project. The current robust spot iron ore price also provides further encouragement.
STRATEGIC INVESTMENT PARTNER
During 2017, The Tulshyan Group made a strategic investment in Macarthur. The Tulshyan Group, based in Singapore, is one of the largest Continue Reading