trending Market Intelligence /marketintelligence/en/news-insights/trending/QCR_xyBRIzylKcD4rWjYtQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Macarthur Minerals targeting US$6M for Moonshine, Ularring feasibility studies

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Macarthur Minerals targeting US$6M for Moonshine, Ularring feasibility studies

Macarthur Minerals Ltd. intends to raise up to US$6 million for a bankable feasibility study of two iron ore deposits in Western Australia.

The company said March 19 that it will undertake a private placement offering of secured convertible notes with a face value of US$10,000 each, with a three-year term and bearing interest at an annual rate of 12.5%.

Macarthur will use the funds to complete a bankable feasibility study on the Moonshine magnetite and Ularring hematite iron ore deposits. It outlined plans in late 2018 to combine the two projects to reduce costs.

The company's feasibility work program will initially focus on magnetite resources and will include a 54-hole drill program.