Macarthur engages RCR Mining Technologies on rail wagon and rail unloading solution for Lake Giles Iron Project
July 28 2020 - 8:00AM
Macarthur Minerals Limited (TSX-V: MMS)
(ASX: MIO) (the “Company” or “Macarthur”) continues its
progress towards a route to market for its flagship Moonshine
magnetite deposits at Lake Giles, targeting a +65% Fe beneficiated
magnetite concentrate, with the engagement of RCR Mining
Technologies Pty Ltd (“RCR MT”) to provide a conceptual engineering
and design solution for rail transport and unloading infrastructure
of magnetite concentrate at the Port of Esperance. RCR MT has been
engaged to examine the potential to use cutting-edge rail unloading
technology that has been successfully used in Scandinavian
magnetite operations for several years.
The engineering concept will employ a ‘Helix
Dumper’ unloading system and Helix Dumper wagons owned and
developed by Kiruna Wagon in Sweden. The Kiruna Wagon system has
been successfully utilised in transporting magnetite concentrate
from northern Sweden to the Port of Narvik in Norway. The system
was developed specifically for magnetite concentrates to provide
efficient discharge of sticky product at rates up to 25,000 tonnes
per hour, and provides the potential to optimise productivity with
several advantages over conventional rotary car dumpers, such
as:
- Lightweight wagons, increasing gross payload;
- High-capacity continuous discharge, reducing operating
costs;
- The potential for lower capital cost;
- The potential for lower operating cost with unloading powered
only by the locomotive’s forward motion; and
- Wagon body shape optimised for wet concentrates.
Macarthur is currently working with Southern
Ports Authority on the potential to develop this system at the Port
of Esperance, in addition to negotiating access to develop a
storage shed for its magnetite concentrate.
If constructed, the system will be capable of
handling tonnages well in excess of Macarthur’s immediate
requirements for stage 1 of its Lake Giles Iron Project, providing
the potential for increased trade through Esperance, subject to
capacity elsewhere within the Port. Macarthur intends to work
collaboratively with the Port to ensure that the footprint of the
system and associated conveyor infrastructure (which would feed
directly into the storage shed) can work in with existing
operations at the Port and without adversely affecting other
users.
RCR MT is a subsidiary of ASX listed NRW
Holdings (ASX: NWH), a leading provider of diversified services to
the mining, energy and civil infrastructure sectors. RCR MT is a
market leader in the design and manufacture of an extensive range
of surface and bulk materials handling equipment with a reputation
for delivering high quality mining technologies nationally and
internationally. RCR MT holds an exclusive license to develop the
Helix system in Australia and in combination with Kiruna Wagon have
the ability to manufacture both the dumper and wagons in Western
Australia.
Macarthur’s route to market progress:
- The Company announced on 25 June
2020 details of applications lodged for haul road and rail loading
tenure which maps out a solution to transport magnetite from site
to the existing rail network that connects to the Port of Esperance
(see full release here).
- The Company announced on 15 July
2020 it had received a Proposal for development of a Commercial
Track Access Agreement from Arc Infrastructure, the owner of the
below-rail network (see full release here).
Cameron McCall, President and Executive
Chairman of Macarthur Minerals commented:
“This is another positive step forward for
Macarthur’s Lake Giles Iron Project and demonstrates the tenacity
with which Management is progressing this essential component of
project delivery. The Company’s recent announcements concerning its
applications to develop haul road and rail siding infrastructure
near Lake Giles and that the Company had received a Proposal for
development of a Commercial Track Access Agreement from Arc
Infrastructure means that the Company is now edging closer than
ever to delivering its route-to-market solution and making this
Project real for shareholders.
With this new cutting-edge rail unloading
technology having the potential to contribute to increased trade
through Esperance Port, this can only be good for future economic
growth and job security in the region. Macarthur welcomes the
opportunity to be part of that story and to contribute a positive
legacy for the State of Western Australia and workers in the
Goldfields region.”
On behalf of the Board of Directors, Mr Cameron McCall,
Executive Chairman
For more information please contact:
Joe PhillipsCEO & Director+61 7 3221
1796communications@macarthurminerals.com
Investor CubedNeil Simon, CEO+1 647 258
3310info@investor3.ca
Company profile
Macarthur is an iron ore development, gold and
lithium exploration company that is focused on bringing to
production its Western Australia iron ore projects. The Lake Giles
Iron Project mineral resources include the Ularring hematite
resource (approved for development) comprising Indicated resources
of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26
million tonnes at 45.4% Fe; and the Moonshine magnetite resource of
710 million tonnes (Inferred). Macarthur has prominent (~721 square
kilometer tenement area) gold, lithium and copper exploration
interests in Pilbara region of Western Australia. In addition,
Macarthur has lithium brine Claims in the emerging Railroad Valley
region in Nevada, USA.
This news release is not for
distribution to United States services or for dissemination in the
United States
Caution Regarding Forward Looking
Statements
Certain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. All statements herein, other than statements of
historical fact, that address activities, events or developments
that the Company believes, expects or anticipates will or may occur
in the future, including but not limited to statements regarding
expected completion of the Feasibility Study; granting of mineral
tenure to facilitate infrastructure proposed; the ability to enter
into a commercial rail access agreement or the eventual mining of
the Project, are forward-looking statements. The forward-looking
statements in this press release reflect the current expectations,
assumptions or beliefs of the Company based upon information
currently available to the Company. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and no assurance can be given that these
expectations will prove to be correct as actual results or
developments may differ materially from those projected in the
forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include but are not limited to: unforeseen technology
changes that results in a reduction in iron or magnetite demand or
substitution by other metals or materials; the discovery of new
large low cost deposits of iron magnetite; the general level of
global economic activity; future changes in rail network capacity
and demand; failure to complete the FS; failure to receive mineral
tenure for infrastructure; and failure to obtain mining approvals
under the Mining Act; inability to negotiate access to tenure at
the Port of Esperance. Readers are cautioned not to place undue
reliance on forward-looking statements due to the inherent
uncertainty thereof. Such statements relate to future events and
expectations and, as such, involve known and unknown risks and
uncertainties. The forward-looking statements contained in this
press release are made as of the date of this press release and
except as may otherwise be required pursuant to applicable laws,
the Company does not assume any obligation to update or revise
these forward-looking statements, whether as a result of new
information, future events or otherwise.
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