Macarthur Minerals Project

Operator: Macarthur Minerals Ltd

Ownership: Approx. – 1% interest (01/01/2021)

Development Stage :

Feasibility Study

Background

The Iron Ore Projects are situated in the Yilgarn Region of south-western, Western Australia.  The Yilgarn Region is a host to many significant mineral deposits that have been or are being mined for iron ore. The tenements cover the Yeriligee greenstone belt which is some 80 km in length and lies within the Southern Cross Province of the Yilgarn.

  • Flagship Lake Giles Ion Ore Project near Kalgoorlie in Western Australia
  • First Production targeted for Q1 2024. Feasibility Study (FS) underway
  • 3.4 Mt per annum production target with potential to scale-up operations
  • A “generational supply” of high-grade iron ore
  • 18 –month construction period (post completion of FS)
  • Glencore 10-year offtake agreement for up to 4 Mt per annum with an option to extend for a further 10 years