Macarthur has a confirmed reservation of access to sufficient half height shipping containers with
Macarthur intends to negotiate and finalise a formal container lease for the containers with
Highlights
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Macarthur intends to proceed with shipping GWR DSO products subject to recommencement of mining operations following the temporary pause at GWR's C4 Deposit.
Macarthur also continues to advance a second DSO export pathway to Esperance Port in order to utilize the recently announced rail deal with Pacific National along the Kalgoorlie to Esperance rail line.
Subject to securing port capacity and to stabilization of iron ore prices over the balance of Q4 2021 and into Q1 2022, Macarthur aims to take the lead in continuing to open up export pathways in the Yilgarn region so that it can deliver increased value for its shareholders.
Macarthur intends that leased half-height shipping containers will be loaded with iron ore and transported on a flat- bed rail freight service from
Subject to securing port capacity and an anticipated stabilisation of iron ore prices through Q4 2021 and into Q1 2022, Macarthur is targeting commencement of DSO exports via KBT by as early as
The reservation of containers will provide an opportunity for Macarthur to continue to target early revenue generation by commencing shipments of DSO secured from
Management is maintaining a business as usual approach to advancing both the GWR mine gate sale and Ularring DSO revenue strategies so that it remains ready to advance at the earliest available opportunity. The
The Company is observing the current market but remains generally unperturbed about the recent iron ore price corrections. Although the recent price correction is sharp, it is not unexpected, and the Company does not anticipate that this correction will alter the trajectory for the delivery of its magnetite project at Lake Giles.
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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