Iron Ore Projects
Iron Ore Project Details
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 owned by Macarthur Australia’s wholly-owned subsidiary Macarthur Iron Ore Pty Ltd (“MIO”).
The Iron Ore Projects are located on mining tenements covering approximately 62 km2 located 175 km northwest of Kalgoorlie in Western Australia. Within the tenements, at least 33 km strike extent of outcropping banded iron formation (“BIF”) occurs as low ridges, surrounded by intensely weathered and mostly unexposed granites, basalts and ultramafic rocks.
The Iron Ore Projects are approximately 107 km from the existing Eastern Goldfields Railway (located near the township of Menzies) that has a direct connection to the Port of Esperance in Western Australia, where it is intended that ore from the Projects will be shipped. Export is subject to capacity becoming available, which is not certain.
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 two distinct mineral projects:
1. The Ularring Hematite Project: comprising hematite material (“hematite”), to be marketed as potential direct shipping and/or beneficiated iron ore; and
2. The Moonshine Magnetite Project: comprising magnetite resources (“magnetite”), to be marketed as a beneficiated magnetite concentrate.
MIO intends to progress the development of the Ularring Hematite Project.
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 Australia with an export avenue.
In addition, MIO will continue to explore options for simplified ore processing and options to blend higher grade material with existing producers in the region.
Ularring Hematite Project
Mineral Resource consisting of Indicated 54.46 Mt @ 47.2% Fe and Inferred 25.99Mt @ 45.4% Fe
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”).
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:
- Department of Environment Assessment
- Environmental Protection Authority Assessment
- Technical Reports One | Technical Reports Two
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.
Moonshine Magnetite Project
Inferred Mineral Resource consisting of 1,316 Mt @ 30.1% Fe.
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”). The Moonshine Magnetite Project has an Inferred Mineral Resource consisting of approximately 1,316 Mt @ 30.1% Fe.
A Preliminary Assessment Report was prepared on the Moonshine Magnetite Project by Snowden Mining Industry Consultants in 2011.