25th Aug 2021 17:52
Cadence Minerals PLC - investor in mineral resources - Notes that Macarthur Minerals has announced that progress towards completion of feasibility study for its high grade magnetite Lake Giles Iron Project is "continuing to build pace". Says further site visit has been undertaken by lead consultants Stantec, at the Port of Esperance, to inspect the site and facilities. Cadence holds around 1% stake in Australian mining exploration company Macarthur.
Macarthur Chief Executive Andrew Bruton says: "The site visit to the Port of Esperance will help inform engineering design works for potential new on-port infrastructure and will also help underpin realistic capital and operating cost assumptions and outputs for the feasibility study."
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By Lucy Heming;Â [email protected]
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