Shaw and Partners appointed as Lead Manager to the proposed IPO of MacArthur Minerals News16 Oct 2019

Shaw and Partners is pleased to be appointed as Lead Manager to the proposed IPO of MacArthur Minerals Limited.

 

MacArthur Minerals (TSX:MMS) is a TSX Venture Exchange listed iron ore development stage company seeking to dual list on the ASX under the stock code ASX: MIO.

 

The company is seeking to raise up to $7.5m at $0.25 per security.

 

MacArthur Minerals is focused on bringing its 100% owned Lake Giles project into production, located in the Yilgarn region of Western Australia. Lake Giles comprises a 1.3Bt Magnetite resource and the 80Mt Hematite resource. The company has secured a binding Life-of-Mine Off-take Agreement with Glencore International and is focused on commercialising its iron ore projects following its listing on the ASX with the completion of a bankable feasibility study in the near-term.

 

The offer is open to Australian, New Zealand, Hong Kong and Singapore resident clients only.  Sophisticated and Professional Investors only.

 

For more information or to obtain a copy of the Prospectus please contact your Shaw and Partners Adviser.

 

About MacArthur Minerals

Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its 100% owned Western Australia iron ore projects. The Lake Giles Iron Project includes the 80 million tonne Ularring hematite resource (approved for development) and the 710 million tonne Moonshine magnetite resource. The Company has secured a binding Life-of-Mine Off-Take Agreement with Glencore International A.G. and is focused on commercializing its iron ore projects utilizing mining, processing and logistics infrastructure in the region and is progressing towards completing a bankable feasibility study. The Company also has established multiple project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, hard rock lithium and nickel.  Macarthur Minerals also has significant lithium brine placer claims in the Railroad Valley, Nevada, USA.

 

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