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Macarthur Minerals Limited (MMS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.44000.0000 (0.00%)
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Neutralpattern detected
Previous Close0.4400
Open0.4600
Bid0.4350 x 0
Ask0.4400 x 0
Day's Range0.4400 - 0.4600
52 Week Range0.1500 - 0.7000
Volume17,500
Avg. Volume65,872
Market Cap60.72M
Beta (5Y Monthly)2.86
PE Ratio (TTM)N/A
EPS (TTM)-0.0890
Earnings DateOct 30, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.65
  • Macarthur Minerals to sharpen focus on iron ore delivery: Pilbara Gold and Copper assets and new Leonora Gold tenements to underpin new ASX listing
    GlobeNewswire

    Macarthur Minerals to sharpen focus on iron ore delivery: Pilbara Gold and Copper assets and new Leonora Gold tenements to underpin new ASX listing

    Figure 1 Figure 1 Figure 2 Figure 2 Highlights Macarthur to spin-out its gold/copper Pilbara Assets into Infinity Mining Limited (previously Macarthur Australia Limited, a wholly owned subsidiary of Macarthur) and make application to list Infinity on the Australian Securities Exchange later this year, subject to exchange approvals. Infinity will acquire additional Central Goldfields assets from Zanil Pty Ltd following a successful listing on ASX. Macarthur will retain a material shareholding in

  • LAKE GILES ULARRING DSO UPDATE: Macarthur to trial integration of hydrogen power under Strategic Agreement with LAVO
    GlobeNewswire

    LAKE GILES ULARRING DSO UPDATE: Macarthur to trial integration of hydrogen power under Strategic Agreement with LAVO

    Figures LAVO 40 kWh Hydrogen Battery and System Diagram, planned for installation at Ularring Figure LAVO 13 MWh ‘HEOS’ Hydrogen Energy Operation System (under development) and potentially delivering energy at a commercial scale VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to announce that it has signed a Strategic Partnership and Collaboration Agreement (“Agreement”) with LAVO Hydrogen Technology Holding Pty Ltd (“LAVO”) to investigate the facilitation of a staged technology solution that is intended to deliver a clear carbon reduction strategy for Macarthur’s flagship Lake Giles Iron Project (“Project”) in the Yilgarn region of Western Australia, with a first phased roll-out to support Macarthur’s intended early hematite direct shipment ore (“DSO”) mining operations at Ularring. LAVO uses an innovative, patented metal hydride to produce hydrogen energy batteries. The battery system acts as a solar sponge, integrating with solar arrays to capture and store renewable energy for use when needed. The unit creates Hydrogen from water, stores the Hydrogen into LAVO’s patented metal hydride and generates electricity by converting hydrogen into power. LAVO is an Australian company headquartered in New South Wales. Its cornerstone investors are leading ESG investment firm Providence Asset Group (PAG) and the University of New South Wales (UNSW). Together with UNSW, PAG established the Hydrogen Energy Research Centre (HERC). HERC is the world’s leading university-industry partnership in hydrogen technologies with a main purpose of translating the university’s leading research in hydrogen production, storage and use into real world commercial products under the brand name ‘LAVO’. Under the Agreement, the first phase of collaboration is expected to involve Macarthur being assigned between three to five patented LAVO 40 kWh hydrogen storage units for integration into the remote worker accommodation facilities which are planned to be constructed to support a DSO mining operation at Ularring, near Lake Giles in Western Australia. (See announcement dated 26 May 2021 here). Subject to successful project definition and satisfactory supporting economics being assessed, the LAVO hydrogen storage units could be installed on site at Ularring as early as Q4 2021. Figures: LAVO 40 kWh Hydrogen Battery and System Diagram, planned for installation at Ularring are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c8997ed-81bc-4e99-84f9-3e3c38db1e54 If the trial program at Ularring is successful, then Macarthur and LAVO intend to examine opportunities to develop a fully localised micro-grid engineering solution that includes a solar PV array, a centralised hydrogen hydride containerised storage system and appropriately sized fuel cell to support the energy requirements for Macarthur’s planned high grade magnetite iron ore mine at Lake Giles, following successful delivery of the Company’s current Feasibility Study. This could involve the integration of larger, containerised ‘HEOS’ hydrogen energy batteries with up to 13 MWh of capacity (currently being developed by LAVO), potentially delivering energy to Macarthur’s magnetite operations at a commercial scale. Figure: LAVO 13 MWh ‘HEOS’ Hydrogen Energy Operation System (under development) and potentially delivering energy at a commercial scale is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a85e8fdc-ecab-438d-ae30-e82331f79d47 Alan Yu, CEO of LAVO commented: “Macarthur Mineral’s pursuit to de-carbonise mining and provide resources for green steel production is market leadership and an endeavor that LAVO is excited to be involved with. We are demonstrating our LAVO hydrogen hydride technology has practical, environmental and economically viable applications that extend from residential to significant mining projects. The LAVO | HEOS hydride platform aids in the transition to carbon neutrality across many sectors, integrating with existing infrastructure to support the heartland of industry in rural Australia. The potential for energy independence in the mining sector will reduce costly capital works and leverage the current transport gateways to drive profitable growth and improve environmental impacts.” Andrew Bruton, CEO of Macarthur Minerals commented: “Macarthur is pleased to be partnering with LAVO on this ground-breaking initiative. Macarthur plans to roll-out integration of LAVO hydrogen storage units at Ularring to support intended early DSO hematite mining operations. This collaboration is also aimed at enabling Macarthur to achieve a clear carbon reduction strategy for its planned future magnetite operations at Moonshine, as it can allow for potential integration with magnetite processing on a modularised and gradual ‘scale-up’ basis over a target 5 to 10-year time horizon. The first stage of the agreement will allow Macarthur to work with LAVO in the early stages of project planning at Ularring for DSO, so that we can examine opportunities for the scale-up of an integrated hydrogen energy technology solution on site at Moonshine for the magnetite. By adopting this staged approach and becoming an “early follower”, rather than a “first adopter” Macarthur will have the opportunity to contain technology, capital and pricing risk so as to ensure that it achieves the lowest possible levelised cost of energy delivery for its magnetite processing. The partnership is also great news for an emerging Western Australian hydrogen industry. It has the potential to create an opportunity for a regional energy and logistics solution using hydride to help manage the problem of empty shipping containers moving between the region and ports. Switching to a rail or road-based Energy IN - Product OUT container approach, could be a huge story for the mineral resources sector in WA and the Goldfields region in particular. It’s another example of how going green can be profitable where there is a potential to exploit renewable energy assets far from the grid, and Macarthur is proud to be part of this emerging story as a company that is committed to the highest levels of ESG compliance.” On behalf of the Board of Directors, Mr Cameron McCall, Executive Chairman For more information please contact: Joe PhillipsCEO & Director+61 7 3221 1796communications@macarthurminerals.com Investor Relations – AustraliaInvestor Relations - CanadaAdvisirInvestor CubedSarah Lenard, PartnerNeil Simon, CEOsarah.lenard@advisir.com.au +1 647 258 3310 info@investor3.ca No new informationTo the extent that this announcement contains references to prior exploration results and Mineral Resource estimates, which have been cross referenced to previous market announcements (including supporting JORC reporting tables) made by the Company, unless explicitly stated, no new information is contained in accordance with Table 1 checklist in the JORC Code. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of Mineral Resources that all assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Company profileMacarthur 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). The JORC reporting tables and Competent Person statement for the magnetite and hematite mineral resources have previously been disclosed in ASX market announcements dated 12 August 2020 and 5 December 2019. 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. About LAVO Hydrogen Technology Holding Pty LtdLAVO Hydrogen Technology Pty Ltd is an Australian company headquartered in New South Wales. Its cornerstone investors are leading ESG investment firm Providence Asset Group (PAG) and the University of New South Wales (UNSW). Together with UNSW, PAG established the Hydrogen Energy Research Centre (HERC). HERC is the world’s leading university-industry partnership in hydrogen technologies with a main purpose of translating the university’s leading research in hydrogen production, storage and use into real world commercial products under the brand name ‘LAVO’. LAVO uses an innovative, patented metal hydride to produce hydrogen energy batteries. The LAVO Hydrogen Energy Storage System successfully completed laboratory prototype testing at HERC in early 2020, leading to market readiness and subsequent commercialization lead by PAG. LAVO is establishing local manufacturing in Australia during 2021. As part of this initiative, LAVO intends to establish electrolyser and fuel cell manufacturing facilities in Australia utilizing advanced European technology to optimize the value chain and maintain competitive advantage through economies of scale and further technology advancement. This news release is not for distribution to United States services or for dissemination in the United States Caution Regarding Forward Looking StatementsCertain 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.

  • Macarthur Targets Acceleration of Lake Giles DSO Campaign With Mine Planning Work to Commence at Ularring
    GlobeNewswire

    Macarthur Targets Acceleration of Lake Giles DSO Campaign With Mine Planning Work to Commence at Ularring

    Fig. 1 Snark and Drabble Downs Deposits, Ularring Western Australia VANCOUVER, British Columbia, May 26, 2021 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to announce that it is advancing mine planning work to support intended hematite mining operations at Lake Giles in Western Australia. The Company has commenced work to prepare a mine plan for a direct shipment ore (DSO) product under a mining campaign which will initially target the Snark and Drabble Downs deposits of the Lake Giles Ularring Hematite Project. In 2012 the Company completed a Pre-Feasibility Study (PFS) of the Ularring Hematite Project (“Project”) that included beneficiation of low-grade iron mineralisation1. Given the current strength of the global iron ore market, the Company considers there is scope for development of a simple DSO operation with mobile crushing and screening equipment. The Company’s mine planning work will be premised on this basis, targeting a low capital, rapid development scenario. This low-cost approach does not diminish the potential for a beneficiated sinter fines product as envisaged in the original 2012 PFS. The Snark and Drabble Downs deposits are located in close proximity to the Evanston-Menzies road that is currently being used for ore haulage by local gold mining operators. This road provides direct access to sealed highways to both Geraldton and Esperance ports as well as open access rail networks. The Company has engaged with road haulage contractors and has identified rail and export options utilising existing regional infrastructure. Additionally, the Company has made applications for miscellaneous licences to support the development of a mining camp and mining services infrastructure and is in discussions with neighbouring tenement holders for access to water bores. Highlights Macarthur has commenced mine plan preparations.Completion of mine planning work is being accelerated to allow Macarthur to target commencement of DSO shipments as soon as possible.Mine planning work expected to be completed by the end of June, and Mining Proposal to be lodged during Q3 this year.The Company has identified options for an export pathway to support planned DSO mining operations and is aiming to complete arrangements for its preferred product transport and export solution shortly.The Company will continue to explore options for additional DSO export capacity to take advantage of current strong iron ore prices and maximise value for shareholders. 1 NI 43-101 Technical Report filed October 1, 2012, titled “NI 43-101 Technical Report, Macarthur Minerals Limited, Pre-Feasibility Study, Ularring Hematite Project, Western Australia.” The detailed mine planning work focuses on the hematite deposits located at the Snark and Drabble Downs prospects where direct shipment ore (DSO) product has been defined (See figure 1 below). The work to be undertaken will support regulatory approval of a Mining Proposal and tendering of contract mining services, and will include: project optimization;mine design and layout;mine scheduling of DSO;mining cost estimation; andimplementation planning. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/348a306a-e70f-4acb-be67-27f045f902cc The mine planning and associated geotechnical assessment work is expected to be completed by the end of June, and Macarthur intends to lodge a mining proposal with the Department of Mines, Industry Regulation and Safety (DMIRS) during Q3 this year. The Company has identified options for an export pathway to support planned DSO mining operations and is aiming to complete arrangements for its preferred product transport and export solution shortly. Following approval of the mine plan by DMIRS and subject to securing remaining project development approvals and closing project financing, the Company intends to target commencement of DSO production at Ularring at the earliest available opportunity. Andrew Bruton, Chief Executive Officer of Macarthur Minerals commented: “Iron ore is experiencing one of the largest price surges in decades, and our shareholders have been eagerly anticipating the Company’s advancement of early hematite mining operations at Ularring. The current market has presented both opportunities and challenges over the last several months as the Company navigates an increase in competitive demand for transport infrastructure and port access. Macarthur’s Management team has risen to the challenge and has worked to advance a solution which aims to take advantage of the current strength in iron ore prices by advancing early mining operations. Early mining operations will also support the Company’s aim of commencing high grade magnetite mining operations at its Moonshine and Moonshine North deposits following the completion of the current Feasibility Study process. We are pleased to finally provide the market with the details of the next step towards this much anticipated corporate milestone being completed, and I look forward to keeping investors informed of the exciting developments along the pathway towards achieving our first shipment of iron ore. Further announcements on progress will follow in the coming weeks.” 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 – AustraliaInvestor Relations - CanadaAdvisir Investor CubedSarah Lenard, PartnerNeil Simon, CEOsarah.lenard@advisir.com.au+1 647 258 3310 info@investor3.ca Company profileMacarthur 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 StatementsCertain 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.