Macarthur Minerals (ASX:MIO) spikes as it kicks off WA mine planning work

• Iron ore miner Macarthur Minerals (MIO) has surged on the ASX today after kicking off mine planning work at its Lake Giles project in WA
• The dual-listed business is taking advantage of strong iron ore prices to develop a mine plan for a direct shipment ore (DSO) product from the Ularring Hematite Project
• The planned mining campaign will target the Snark and Drabble Downs deposits in the area, with planning to be completed before the end of June
• Macarthur then plans to lodge a mining proposal during the September quarter of this year
• The company plans to develop a simple, low-cost DSO operation that will use mobile crushing and screening equipment
• Importantly, Macarthur said this approach will not diminish the potential for a beneficiated sinter fines product, as outlined in a 2012 feasibility study
• The company has kicked off talks with haulage contractors and found some important rail and export options using existing regional infrastructure

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