- 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
Read the Full Article on The Market Herald here
Iron ore miner Macarthur Minerals (MIO) has surged on the ASX...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.194M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 16183 | 1 |
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| Last trade - 16.21pm 30/07/2025 (20 minute delay) ? |
| MIO (ASX) Chart |
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