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Macarthur Minerals to Seek Australian Securities Exchange Listing of its Australian Lithium and Iron Ore Projects
Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that the board has resolved to progress an Australian Securities Exchange (“ASX”) Initial Public Offering (“IPO”) of its Australian lithium and iron ore projects, subject to regulatory approval. Macarthur Minerals will maintain majority ownership and control of the ASX IPO listed entity.
Macarthur Minerals Limited(TSX-V: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that the board has resolved to progress an Australian Securities Exchange (“ASX”) Initial Public Offering (“IPO”) of its Australian lithium and iron ore projects, subject to regulatory approval. Macarthur Minerals will maintain majority ownership and control of the ASX IPO listed entity.
Australian Iron Ore Projects
The Company owns the Ularring Hematite and the Moonshine Magnetite Projects in the Yilgarn region of Western Australia. The Company has previously invested over A$60 million in progressing the Ularring Hematite Project beyond Pre-Feasibility[1] and the Moonshine Magnetite Project to a Preliminary Economic Assessment[2]. The Ularring Hematite Project has received approval to develop an iron ore mine under Western Australian and Australian Federal environmental laws.
The Company believes that the iron ore projects remain valuable assets with the recovery of the global iron ore market, with a spot price of $US63.04 a tonne today[3].
Connect with Macarthur Minerals Limited (TSX-V: MMS) to receive an Investor Presentation.
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