w6w9t8015
3 years ago
hello good news today
Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (OTCQB: MMSDF) (the "Company" or "Macarthur") is pleased to announce that it has signed a Cooperation Agreement (“Agreement”) with diversified Singaporean-based conglomerate Jin Sung International Pte Ltd (“Jin Sung”), paving the way for a potential strategic investment into Macarthur’s iron ore and non-iron ore assets.
Figure: Signing Ceremony between representatives of Jin Sung International Pte Ltd and Macarthur Minerals Limited in Seoul, Korea
Established in 1967, the Jin Sung Group is a large, diversified producer of construction products with a procurement and trading business. Jin Sung is headquartered in Singapore and has diversified interests in a range of producing businesses and is also involved in the procurement and trading of coal, clinker, aggregate, molybdenum concentrate, copper cathodes, gold and silver. Jin Sung is now partnering with Macarthur under a non-binding Co-operation Agreement to explore the potential to bring high grade iron ore and battery minerals into its diverse portfolio of investments.
The Jin Sung Group’s interests had a total sales turnover of some USD700 million in 2020. The majority of the Group’s 2020 turnover was attributable to its construction interests, predominantly in concrete products which have formed an integral part of a post Covid-19 infrastructure-led recovery. The Group’s significant international operations are focused in south-east Asia, and include Korea, Singapore, Malaysia, Indonesia, Vietnam, Myanmar and Bangladesh.
Figure: The breadth of Jin Sung’s business operations and commodity interests
The non-binding Cooperation Agreement sets out the terms and conditions upon which the Parties intend to progress discussions on the development of a transaction involving a strategic equity investment in Macarthur’s iron ore and non-iron ore assets (at the project level). Following completion of further due diligence, a strategic investment into Macarthur by Jin Sung would be subject to the execution and closing of definitive transaction documentation. The Agreement also facilitates a continuation of potential investment discussions between Jin Sung and Infinity Mining Limited with respect to Macarthur’s Australian non-iron ore assets following a successful spin-out of those assets on into that entity and its intended listing on ASX later this year (see the Company’s recent announcement regarding the Infinity Mining Limited transaction dated 11 June 2021 (here).
A potential transaction between the parties may take the form of a strategic equity investment by Jin Sung into Macarthur’s iron ore assets or non-iron ore assets, or provision of direct project financing.
Mr Jung Sung Chun, Director of Jin Sung commented:
“We are very glad to have established a long-term perspective ‘win-win’ partnership with Macarthur Minerals through the Signing Ceremony for the Cooperation Agreement, and we look forward to deepening our strategic relationship with them.”
Richard Moon, General Manager, International Sales & Marketing for Macarthur Minerals commented:
“Macarthur has worked collaboratively with Jing Sung’s management over several months, and this Agreement represents a material step forward in the relationship between our two organisations.
Jin Sung has a significant business presence in Korea as well as Southeast Asia and I have been particularly pleased to have led the development of this engagement for Macarthur over here in Seoul.”
Andrew Bruton, CEO of Macarthur Minerals commented:
“Macarthur is very pleased to be co-operating with Jin Sung. We look forward to building a strategic relationship with them into the future and to working with them on a mutually beneficial investment as the Company’ exciting transition into production continues.”
On behalf of the Board of Directors, Mr Cameron McCall, Chairman
For more information please contact:
Joe Phillips
Managing Director
+61 7 3221 1796
communications@macarthurminerals.com
Investor Relations - Australia
Advisir
Sarah Lenard, Partner
sarah.lenard@advisir.com.au
AskMuncher
4 years ago
$MMSDF Conversion of Eyeon Investments Pty Ltd Convertible Notes
Press Release | 09/01/2020
VANCOUVER, British Columbia, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (the “Company” or “Macarthur”) is pleased to update shareholders, pursuant to the terms and conditions of the private placement offering announced on 10 July 2019, the Board of Macarthur resolved to approve the request of Eyeon Investments Pty Ltd to convert its subscription totalling 20 Notes for gross proceeds of US$800,000 into 2,628,812 ordinary shares in the capital of the Company at conversion price equal to the USD equivalent of C$0.40 per share, based upon the prevailing exchange rate on the date of conversion of 26 August 2020.
On behalf of the Board of Directors, Mr Cameron McCall, Executive Chairman
For more information please contact:
Joe Phillips
CEO & Director
+61 7 3221 1796
communications@macarthurminerals.com
Investor Relations – Australia Investor Relations - Canada
Advisir Investor Cubed
Sarah Lenard, Partner Neil Simon, CEO
sarah.lenard@advisir.com.au +1 647 258 3310
info@investor3.ca
Company profile
Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.
This news release is not for distribution to United States services or for dissemination in the United States
Caution Regarding Forward Looking Statements
Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Mineral Reserves or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Golden Cross
5 years ago
News - Macarthur’s Joint Venture Partner Fe Limited Releases Hillside Copper and Gold Results and Discovers New Manganese Prospect up to 59.4% MnO
Complete News Link:
http://www.globenewswire.com/news-release/2019/10/09/1927561/0/en/Macarthur-s-Joint-Venture-Partner-Fe-Limited-Releases-Hillside-Copper-and-Gold-Results-and-Discovers-New-Manganese-Prospect-up-to-59-4-MnO.html
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October 09, 2019 15:27 ET | Source: Macarthur Minerals Limited
photo-release
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Figure 1
Schematic of typical gossan section.
Macarthur Minerals Limited
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Sample Locations
Macarthur Minerals Limited
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HS0014 gossan outcrop
Macarthur Minerals Limited
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HS0024 gossan
Macarthur Minerals Limited
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HS0031 gossan
Macarthur Minerals Limited
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HS0039 – Qtz Vein with chalcedony
Macarthur Minerals Limited
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HS0033 – Manganese Oxide
Macarthur Minerals Limited
VANCOUVER, British Columbia, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to announce that its Joint Venture Partner Fe Limited (“FEL”), has released further significant copper and gold assays including a new manganese oxide area sample recording 59.4% MnO result from a recent field trip to the Hillside Project in the Pilbara Region of Western Australia.
Macarthur Lithium Pty Ltd (“MLi”), a wholly owned subsidiary of Macarthur entered into an exclusive option agreement (“Option Agreement”) with FEL as announced on May 14, 2019, to earn up to 75% in its Pilbara lithium and gold projects.
Highlights:
w6w9t8015
5 years ago
conference call
Macarthur Minerals Announces Conference Call to discuss the June 17 release of the Preliminary Economic Assessment (PEA) completed for the Lake Giles Iron Ore Project
VANCOUVER, British Columbia, June 20, 2019 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to announce that it will be hosting a conference call on Monday June 24, 2019 at 3:00 PM EDT.
The Company will go over the recently announced results (June 17 release) of its PEA completed by independent consultants, Engenium Pty Ltd.
Joe Phillips, CEO will go over the results followed by a 15-minute Q&A session.
For call in details and to register your interest in the conference call please email: nsimon@investor3.ca
Date: June 24, 2019
Time: 3:00 PM EDT
w6w9t8015
5 years ago
NCOUVER, British Columbia, April 17, 2019 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to announce that Mr. Cameron McCall, Executive Chairman has exercised stock options to purchase 530,000 common shares (“Common Shares”) in the capital of the Company at an exercise price (“the Option Exercise”) of $0.05 per Common Share.
Following the transaction, Mr. McCall holds a total of 4,039,804 Common Shares with one voting right per Common Share.
ABOUT MACARTHUR MINERALS LIMITED (TSX-V: MMS) (OTCQB: MMSDF)
w6w9t8015
5 years ago
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Macarthur Minerals (TSX-V: MMS) Appoints Drilling Contractor to Commence Drilling at the Moonshine Magnetite Project.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the announcement today from Macarthur Minerals (TSX-V: MMS) ("Macarthur") that it has engaged Orbit Drilling Pty Ltd ("Orbit Drilling") to commence an infill drill program at its Moonshine Magnetite Project at Lake Giles ("Project") in the Yilgarn region of Western Australia.
Highlights:
· Macarthur has contracted Orbit Drilling to complete a 30 hole infill program at the Moonshine Magnetite Project.
· The drill program has been planned to upgrade the Inferred Mineral Resource estimate to a Measured Mineral Resource of approximately 100 million tonnes ("Mt") at the Project.
· Drill-hole planning was conducted by CSA Global Pty Ltd (CSA), Macarthur's independent geological consultants.
· The Measured Mineral Resource will underpin the bankable feasibility study ("BFS") of the Project to be completed in 2019.
Drilling Program
Macarthur states that the drilling program is designed to coincide with the BFS for the Project to be undertaken in 2019. Mining and processing studies will be based on Measured Mineral Resources to provide greater confidence in the outcomes of the study. The program aims to convert approximately 100 Mt of the Inferred Mineral Resource to a Measured Mineral Resource at the Moonshine deposit. Drill planning has been completed by CSA Global, who completed the early resource modelling and estimations for the Moonshine Magnetite Project.
The drilling program is also planned to obtain diamond core for the purpose of further metallurgical test-work. Diamond core is required for the BFS to refine the process flow design and provide greater understanding of ore variability. This metallurgical test-work program will commence mid-way through the drilling program as core becomes available.
Drilling is planned to commence in early May on receipt of required drilling permits, with an initial campaign of approximately 12 weeks.
Moonshine Magnetite Project
Macarthur states that the Moonshine Magnetite Project contains an Inferred Mineral Resource consisting of 1,316 Mt @ 30.1% Fe.
Cadence holds approximately 10% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.
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