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Macarthur Minerals reveals strong magnetite intersections from Lake Giles Iron Project in Australia

EAS Advisors Founder Eddie Sugar tells Proactive that Macarthur Minerals Ltd (ASX:MIO) (CVE:MMS) recently received assays that confirmed strong magnetite intersections at the Lake Giles Iron Project near Kalgoorlie in Western Australia, with the results to form the basis of a revised resource estimate.

Sugar, who runs the boutique global advisory firm that has been appointed by Macarthur to assist in its fundraising strategy, says the price of iron ore has held up well despite current market conditions, domestic travel in Australia should expect to resume in June, and proving out its resource model is on track for the miner.

Quick facts: Macarthur Minerals Ltd

Price: 0.65 AUD

Market: ASX
Market Cap: $66.52 m

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