The Iron Ore Projects are located on mining tenements covering approximately 62km2 located 175 km northwest of Kalgoorlie in Western Australia.
The Iron Ore Projects are situated in the Yilgarn Region of south-western, Western Australia. The Yilgarn Region is a host to many significant mineral deposits that have been or are being mined for iron ore. The tenements cover the Yeriligee greenstone belt which is some 80 km in length and lies within the Southern Cross Province of the Yilgarn.
The Iron Ore Projects, comprises of three distinct mineral projects:
1. The Ularring Hematite Project: comprising hematite material (“hematite”), to be marketed as potential direct shipping and/or beneficiated iron ore;
2. The Moonshine Magnetite Project: comprising magnetite resources (“magnetite”), to be marketed as a beneficiated magnetite concentrate; and
3. The Treppo Grande Project: comprising hematite material (“hematite”), to be marketed as potential direct shipping and/or beneficiated iron ore.
Given considerable investment has been made to date in defining a resource and understanding the technical aspects of the Ularring Hematite Project, MIO’s focus will be on obtaining a partner to fund the development as well as continuing negotiations with existing producers to gain access to rail and port infrastructure that will provide Macarthur with an export avenue.
In addition, Macarthur will continue to explore options for simplified ore processing and options to blend higher grade material with existing producers in the region.