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Macarthur Minerals enters trading halt pending material transaction announcement

The halt will remain in place until Monday, October 12, or when an announcement is released to the market

Macarthur Minerals Ltd - Macarthur Minerals enters trading halt pending material transaction announcement
The company is progressing towards finalising the route to market for its Lake Giles Iron Project

Macarthur Minerals Ltd (ASX:MIO) (CVE:MMS) (OTCMKTS:MMSDF) has entered a trading halt pending the release of a material transaction announcement.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, October 12, 2020, or when the announcement is released to the market.

Route to market progressing

The company today announced that it is progressing towards finalising the route to market for its flagship Moonshine magnetite deposits at the Lake Giles Iron Project in Western Australia.

The latest milestone has been passed with RCR Mining Technologies completing an engineering design report to support the potential development of a cutting-edge ‘Helix’ rail car unloading solution at the Port of Esperance.

Quick facts: Macarthur Minerals Ltd

Price: 0.46 AUD

ASX:MIO
Market: ASX
Market Cap: $47.08 m
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