Macarthur Minerals Receives Preliminary Economic Assessment on the Ularring Hematite Project

Macarthur Minerals Limited (TSX:MMS,OTCQX:MMSDF) announced it has the results of the preliminary economic assessment for the Ularring hematite project.

As quoted in the press release:

The PEA utilises the combined mineral resources of Snark, Drabble Downs, Central, Banjo and Lost World deposits, being indicated resources of 8.6 million tonnes (“Mt”) at 54.9% Fe and inferred resources of 15.8 Mt at 55.3% Fe, above a 50% Fe cut-off. The inferred hematite resource of 600,000 tonnes at the Moonshine deposit has been excluded from the PEA.

Click here to read the Macarthur Minerals Limited (TSX:MMS) press release.