Ann: Hancock to earn in to the Mt Bevan project, page-173

Snippets from the latest 'The Market Herald' article on Macarthur Minerals (Mio) 28.03.22.

I don't think they realize the size of Lcy / Haw iron ore deposit.
Also we're still waiting on Gina's official commitment compared to what was written in the article.


"The PFS of Lake Giles shows a production target of three million tonnes per annum (mtpa) of 66.1 per cent high-grade magnetite worth more than $12 billion over its expected 25-year mine life, underpinned by a recent maiden ore reserve (MOR) of 237 million tonnes."

"There’s a lot to be happy about in the magnetite space of late, with billionaire miners Gina Rinehart and Chris Ellison turning their attention to the Yilgarn region’s magnetite."

"It comes as no surprise, then, to see that Rinehart’s Hancock Prospecting has already sunk a cool $9 million into Legacy Iron Ore and Hawthorn Resources’ 60/40 Mt Bevan magnetite JV back in November last year, giving it a 30 per cent stake in the project."

"Equally as important is the news that Ellison’s MinRes is eyeing off magnetite juniors in the Yilgarn as it considers the development of a $400 million, 5.2mtpa production plant within the next four years at its existing direct shipping ore (DSO) link between nearby Koolyanobbing and the Port of Esperance."

LinK ---> 'The Market Herald'