An extensive body of work has been undertaken on rail and port logistics which will result in the completion of a concept plan of operations that can ensure that Macarthur achieves the most efficient and lowest cost product transport solution possible.
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Following on from the announcement on
The Company intends to continue providing updates on Feasibility Study progress (at least fortnightly) in the lead-up to the completion of the study and the delivery of the final study outputs to the market. Upcoming news releases will provide an update on the material progress that has been made on numerous aspects of the study including the tailings storage facilities, development of the 640 person mine camp and associated facilities, power and microgrid facilities and mine planning.
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Transport will form a key part of the operating costs for the Project, and the advancement of a full transport concept plan of operations from the mine gate to the
The recent iron ore price correction is not unexpected, and the Company does not believe that it ought to detract from the fundamental underlying value proposition that Macarthur's magnetite project offers. Macarthur's objective is to develop a high-grade magnetite mining operation that can remain profitable long into the future.
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Management is continuing its laser-like focus on delivering the
Contact:
Tel: +61 7 3221 1796
Email: communications@macarthurminerals.com
Company profile
Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its
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.
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