Iron Ore Projects

Iron Ore Project Details

The Iron Ore Projects are located on mining and miscellaneous tenements covering approximately 137 km2 located 175 km northwest of Kalgoorlie in Western Australia.

The Iron Ore Projects, consist of two distinct mineral projects:

1. The Ularring Hematite Project: encompassing hematite iron ore (“hematite”), to be marketed as potential direct shipping and/or beneficiated iron ore; and

2. The Moonshine Magnetite Project: encompassing magnetite iron ore (“magnetite”), to be marketed as a beneficiated magnetite concentrate.

 

The Iron Ore Projects are located on mining and miscellaneous tenements covering approximately 62km2  located 175 km northwest of Kalgoorlie in Western Australia.

The Iron Ore Projects remain valuable assets. There is real potential for the Iron Ore Projects to add significant value with the recovery of global iron ore markets.

 

The Company’s has been maintaining the core Iron Ore Projects’ assets and waiting for improved market conditions, as well as looking for new project opportunities. 

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Ularring Hematite Project

The Ularring Hematite Project’s Mineral Resource consisting of Indicated 54.46 Mt @ 47.2% Fe and Inferred 25.99Mt @ 45.4% Fe, was previously announced on August 16, 2012

The Ularring Hematite Project’s Mineral Resource consisting of Indicated 54.46 Mt @ 47.2% Fe and Inferred 25.99Mt @ 45.4% Fe, was previously announced on August 16, 2012 (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”).

Environmental Approvals

The Company has received approval to develop an iron ore mine for the Ularring Hematite Project and associated infrastructure at the project location under the Environmental Protection Act 1986 (“EP Act”) and the Environmental and Biodiversity Conservation Act 1999 (“EPBC Act”). A number of ongoing compliance conditions are imposed with the approval. The Ularring Hematite Project is well placed to fulfil these conditions that it has developed.

Copies of each of the referral documents, relevant supporting information and decision notifications have been made publicly available at the following links:

  1.  Department of Environment Assessment
  2.  Environmental Protection Authority Assessment
  3. Technical Reports

A number of other regulatory approvals are yet to be sought but will also be made publicly available on this website where appropriate.

Copies of environmental compliance documents are available here.

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Moonshine Magnetite Project

The Moonshine Magnetite Project: encompassing magnetite iron ore (“magnetite”), to be marketed as a beneficiated magnetite concentrate.

The Inferred Mineral Resource estimate for the Moonshine Magnetite Project was initially prepared by CSA Global Pty Ltd (NI43-101 Technical Report filed  December 17, 2009, titled “NI43-101 Technical Report on Lake Giles Iron Ore Project: Western Australia”) and was updated by Snowden Mining Industry Consultants (NI43-101 Technical Report filed March 25, 2011, titled “Macarthur Minerals Limited: Moonshine and Moonshine North Prospects, Lake Giles Iron Project, Western Australia, NI43-101 Technical Report – Preliminary Assessment”), with an Inferred Mineral Resource consisting of 1,316 Mt @ 30.1% Fe.

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