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Macarthur Lake Giles Magnetite Mineral Resource
Macarthur Lake Giles Magnetite Mineral Resource.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0056B\n Cadence Minerals PLC\n 02 October 2020\n \n \n \n \n Cadence Minerals Plc\n \n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n \n Macarthur Minerals (TSX-V: MMS) (ASX: MIO) files Technical Report for Lake Giles Magnetite Mineral Resource.\n \n \n \n \n \n Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the \"Company\" or \"Macarthur\") has filed the technical report for the magnetite Mineral Resource update for its 100% owned Lake Giles Iron Project (\"the Project\") in Western Australia.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n · \n Macarthur Minerals files NI43-101 Technical Report for the magnetite Mineral Resource at its Lake Giles Iron Project\n \n \n · \n Measured Mineral Resources totaling 53.9 Mt and Indicated Mineral Resources of 218.7 Mt\n \n \n · \n Inferred Mineral Resource of 997.0 Mt\n \n \n · \n Macarthur now has sufficient Mineral Resources in the appropriate categories to progress its Feasibility Study.\n \n \n \n \n \n The independent technical report, entitled \"NI43-101 Technical Report, Magnetite Mineral Resource, Lake Giles Magnetite Project, Western Australia (\"2020 Technical Report\") with an issue date of September 29, 2020 was prepared in accordance with the requirements of National Instrument 43-101 (\"NI 43-101\"). The 2020 Technical Report is filed under the Company's profile on the System for Electronic Document Analysis and Retrieval (\"SEDAR\") website at www.sedar.com (filing date: October 1, 2020) and on the Company's website at www.macarthurminerals.com .\n \n \n \n \n \n The Technical Report was completed by independent geological consultants CSA Global Pty Ltd (CSA Global).\n \n \n \n \n \n The previous Mineral Resource estimates presented to the market between 2009 and 2019 consisted entirely of Inferred resources, including 710 million tonnes (\"Mt\") at the Moonshine deposits. During 2019 the Company completed a program of infill drilling across some of the Moonshine deposit to upgrade the Mineral Resource category to include Indicated and Measured resources. The Mineral Resource upgrade has delivered sufficient resources in the appropriate categories to underpin the current Lake Giles Iron Project Feasib...