Ann: Geotechnical drill programme to support mine planning work, page-2

Block falling into place!, Andrew Bruton, CEO of Macarthur Minerals commented:
“Macarthur and GWR have enjoyed a very collaborative relationship over the last couple
of years, and both companies understand the importance of co-operating to achieve our
respective objectives in the region. The deal has the potential to enable GWR to realise value for its product by providing
additional export capacity. From Macarthur’s perspective, GWR’s offer to enter into a
mine-gate sale arrangement can facilitate early revenue flows for Macarthur between now
and commencement of commercial mining operations for DSO at Ularring whilst also
providing the potential for Macarthur to create a physical or virtual DSO blend product that
achieves improved pricing for its Ularring DSO following commencement of planned
commercial mining operations there.
The deal with GWR provides opportunities that can benefit both companies, and
Macarthur is grateful to GWR for the opportunity to partner with it. We look forward to a
mutually beneficial collaboration which we hope will develop into a broader co-operation
that can help realise the untapped economic potential of the Yilgarn region and deliver
sustainable jobs and economic benefits for the region and for the State of Western
Australia into the future.” ✔