">VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2012) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Macarthur Minerals Limited (MMS.TO)(MMSDF) (the "Company" or "Macarthur") is pleased to announce that the audio for the conference call to update shareholders on the progress of the Ularring Hematite Project, and the Company's focus on maximising shareholder value, held on August 29, 2012, is available on the Company's website.
The audio is accessible through the following link: http://macarthurminerals.com/news-room/cc
Macarthur Minerals Limited is an Australian-based resource development company currently focused on developing its Ularring Hematite Project, located in the Yilgarn iron ore district in Western Australia. The Ularring Hematite Project is located 110 km from rail infrastructure with a direct connection to the iron ore exporting Port of Esperance, Western Australia.
The Ularring Hematite Project has an indicated Mineral Resource of 54.46 Mt at 47.2% Fe and an inferred Mineral Resource of 25.99 Mt at 45.4% Fe (press release dated June 14, 2012; NI 43-101 Technical Report dated June 29, 2012). In addition, Macarthur's Moonshine Magnetite Project has an inferred Mineral Resource of 1.3 Bt at 30.1% Fe (press release dated December 15, 2010; NI 43-101 Technical Report dated March 25, 2011).
A Positive Preliminary Feasibility Study was released to the market on the Ularring Hematite Project in August 2012, which included a probable Mineral Reserve of 42.95 Mt at 47% Fe (press release dated August 16, 2012; Technical Report to be filed by September 30, 2012). A Positive Preliminary Economic Assessment on the Moonshine Magnetite Project was released in February 2011 (press release dated February 7, 2011, Technical Report dated March 25 2011).
On behalf of the Board of Directors,
MACARTHUR MINERALS LIMITED
Alan Phillips, President, Chairman & CEO
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. 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. With respect to forward-looking statements contained in this press release, assumptions have been made regarding, among other things, the reliability of information prepared and/or published by third parties that are referenced in this press release or was otherwise relied upon by the Company in preparing this press release. 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 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 and the general level of global economic activity. 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.
Macarthur Minerals Limited
+61 418 726 230
Institutional Investor Relations:
Retail Investor Relations:
Renmark Financial Communications Inc.
514-939-3989 or 416-644-2020
Recommended for You
(Reuters) - Wireless service provider Sprint Corp and satellite television company Dish Network Corp said they will jointly develop a trial wireless service in Texas, in an apparent sign of improving relations between the companies. Dish has been seeking a partnership with an established mobile…Reuters
The FOMC meeting is underway. Will there be a taper announcement coming? Will the Fed crush bonds? With CNBC's Jackie DeAngelis and the Futures Now Traders, Jim Iuorio at the CME and Anthony Grisanti at ...CNBC
* Decision crucial for Europe to cut dependence on Russia * EU Commission says route could carry a fifth of EU needs * Statoil reduces stake in Shah Deniz II to 15.5 pct * Shah Deniz consortium and SOCAR extend contract up to 2048Reuters
It's now possible to invest in green stocks for income, not just for growth. Here are three picks for 2014 from green investing professionals.Forbes
We are at a turning point in terms of gadget manufacturing. The heavy hitters in hardware - the Sonys, the Samsungs, the LGs - are stuck in the mire of slow innovation. We haven't heard much out of that ...TechCrunch
Visa and MasterCard will pay $5.7 billion in a class-action settlement over swipe fees charged to merchants for each debit and credit card transaction.Credit.com
With the Federal Reserve starting a pivotal two-day meeting Tuesday, it seems as if nearly everyone in financial markets is trying to handicap whether it will curb bond purchases now or early next year. ...MarketWatch
2012 Mega Millions lottery winner Chris Manzi talks about hitting the jackpot and how it changed his life.CNBC Videos
The U.S. Securities and Exchange Commission asked a federal judge to order former Goldman Sachs Group Inc vice president Fabrice Tourre to pay more than $1.1 million for his role in a failed 2007 mortgage deal, according to a court document filed Monday in Manhattan federal court. In the SEC's…Reuters
Philip Klein writes that Obamacare will get...Business Insider
5 investment managers and strategists explain what's behind their top bets for next year.USA TODAY
The outcome of Wednesday's Federal Reserve meeting is expected to set the tone for trade in the U.S. dollar heading into 2014.CNBC
A surge in emissions — and criticism — has prompted energy executives to devise strategies to capture the natural gas being flared during oil drilling in North Dakota.The New York Times
(Reuters) - Rhode Island's new insurance marketplace said on Tuesday it will extend its deadline until the end of the year for consumers to sign up for private coverage plans under President Barack Obama's healthcare law and still get benefits on January 1. But Rhode Island was one of the first to…Reuters
Rep. Brad Wenstrup, (R) Ohio, RSC's "Health Care Reform Act" co-sponsor, discusses the GOP's Health Care Reform Act which repeals and replaces Obamacare.CNBC Videos
Your first job usually won't be your dream job....Business Insider
Hedge fund Barington Capital, which owns about 2.8 percent of Darden Restaurants' stock, is pushing its plan for a split into three unitsBusinessWeek
Is this week when the Federal Reserve finally slows its aggressive stimulus for the economy? Or does it want to await more evidence of a consistently improving economy? It's a close call. Yet most economists ...Associated Press
When Shaun Eli Breidbart, a stand-up comedian in New York City, was in a fender bender last year, he was not amused. "Keep in mind that the police may still hand out a ticket for not having proof of insurance." He adds that it may soon be possible for drivers to show proof of insurance with their…U.S.News & World Report LP
Why the jackpot winner should be boring with their investments.MarketWatch