Cadence Minerals noted that Macarthur Minerals has announced that progress towards completion of the Feasibility Study for Macarthur's high grade magnetite Lake Giles Iron Project is continuing to build pace with a further site visit undertaken this week by its key consultants Stantec, at the Port of Esperance, to inspect the site and facilities. Highlights: This week, the Company's lead consultants (Stantec) visited the Port of Esperance to undertake a formal site visit. Stantec are advising the Company on the design of the non-process infrastructure requirements for the Company's planned high grade magnetite project in Western Australia, including the design and construction requirements for new rail unloading infrastructure and associated supporting infrastructure such as a planned 300kt storage shed. The site visit at the Port of Esperance in Western Australia (located approximately 500 km south of the Company's high grade magnetite project at Lake Giles), was conducted under guidance by representatives of Southern Ports Authority. Macarthur management team representatives accompanied Stantec on the visit, which took in all relevant aspects of Esperance Port that will be necessary to support the engineering design works for on-port infrastructure that will also inform capital and operating cost outputs for the Feasibility Study. The previously announced geotechnical diamond core drill programme at Moonshine and Moonshine North is continuing to progress, and the Company and its study consultants will shortly be undertaking a separate site visit to the Port of Esperance to support the engineering design works for on-port infrastructure that will also inform capital and operating cost outputs for the Feasibility Study.