02:22 Tue 24 Dec 2019
Cadence Minerals PLC - Macarthur Minerals Secures Land at Lake Giles
("Cadence Minerals", "Cadence" or "the Company")
Macarthur Minerals (TSX-V: MMS) Secures Access to Land for Infrastructure at
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the update from Macarthur Minerals (TSX-V: MMS) ("Macarthur") that it has entered into an agreement with Arrow Minerals Limited ("Arrow") to acquire mineral tenure for the development of site infrastructure at its
Macarthur has acquired a substantial package of land covering approximately 4950 ha adjacent to the Moonshine Magnetite deposit. The tenure will be used for constructing supporting infrastructure including waste rocks dumps, processing plant, camp, airstrip and a tailings storage facility. The deal with Arrow also paves the way forward to obtain access to tenure to construct a private haul road from the project through to the open access
Macarthur plans to commence site investigations including geotechnical drilling, groundwater exploration and environmental surveys in early
In consideration for entering into the agreement, Macarthur will pay Arrow
Cadence holds approximately 7.4% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in
The full release can be found at:
https://web.tmxmoney.com/article.php?newsid=6635649457301504&qm_symbol=MMS
This news release is not for distribution to United States Services or for Dissemination in
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Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the
Forward-Looking Statements:
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