Esperance Bulk Port Rail Unloading Solution Advances with RCR Mining Technologies
September 02 2020 - 8:00AM
Macarthur Minerals Limited (TSX-V: MMS)
(ASX: MIO) (the “Company” or “Macarthur”) is pleased to
provide an update on its continued progress towards completing its
route to market for the flagship Moonshine magnetite deposits at
Lake Giles. Following the recent 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, Macarthur and
RCR MT completed a site visit to the port on 27 August 2020 in
conjunction with representatives from Southern Ports Authority and
Arc Infrastructure.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/68e57c40-08c0-4da2-ba60-c793546d9c7b
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e41968f-87b4-4ca7-8bf6-68ada68fde90
RCR MT, a subsidiary of NRW Holdings (ASX: NWH),
holds an exclusive license to develop the Helix Dumper system in
Australia and in combination with Kiruna Wagon have the ability to
manufacture both the dumper and wagons in Western Australia. RCR MT
has been engaged by Macarthur to examine the potential to use the
cutting-edge rail unloading technology that has been successfully
used in Scandinavian magnetite operations for several years. (See
the Company’s recent announcement on 29 July 2020 here).
Macarthur is working with Southern Ports
Authority and Arc Infrastructure on the potential to develop this
system at the Port of Esperance, in addition to negotiating for
access to port capacity and for access to develop a storage shed
for its magnetite concentrate. If constructed, the Helix Dumper
system will be capable of handling tonnages well in excess of
Macarthur’s immediate requirements for the Lake Giles Iron Project,
providing the potential for increased trade through Esperance,
subject to capacity elsewhere within the Port. Importantly,
if constructed, the new Helix Dumper has the potential to optimise
the existing capacity of the Berth 3 ship-loader enhancing its
current performance from 2,200tph to approximately 4,500tph where
out-loading speeds are increased to match. With a design
capacity potential of up to 25,000tph, RCR MT and Macarthur are
confident that the Helix Dumper system can easily match the
required increased out-loading speeds to get more tonnes through
the Port.
Following completion of the engineering design
report by RCR MT in coming weeks, Macarthur will be engaging with
key stakeholders to endeavour to agree a preferred option for the
development of unloading infrastructure at the Port.
About RCR MT
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.
Recent Route to Market
Progress
Macarthur has recently advanced the following
emerging route-to-market successes:
- 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 the Lake Giles Iron Project 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:
“Macarthur is continuing to forge ahead with a
systematic approach to delivering every component of the
infrastructure pathway that is necessary to bring Macarthur’s Lake
Giles Iron Project into production and to see the first ore go over
the ship’s rail. The Board is confident that it has a
Management team with the unique commercial and technical
capabilities to get this over the line and take advantage of the
current strength and resilience of the global iron ore
market.
There is a very real concerted energy building
around the Lake Giles Iron Project and the Company is exceptionally
excited to be working collaboratively with the great teams at
Southern Ports Authority, RCR MT, Arc Infrastructure and above rail
service providers to introduce cutting edge ‘Helix Dumper’
technology to the Port of Esperance.
With the added capacity that the ‘Helix Dumper’
technology can deliver, the Company considers that there is a real
potential to facilitate increased trade through the Port of
Esperance and to contribute to the future economic growth and job
security for workers at the Port and in the Goldfields
region. Macarthur welcomes the opportunity to be part of that
story and to contribute a positive legacy for the State of Western
Australia.”
On behalf of the Board of Directors, Mr Cameron McCall,
Executive Chairman
For more information please contact:
Joe
Phillips |
|
CEO & Director |
|
+61 7 3221 1796 |
|
communications@macarthurminerals.com |
|
|
|
Investor Relations – Australia |
Investor Relations - Canada |
Advisir |
Investor Cubed |
Sarah Lenard, Partner |
Neil Simon, CEO |
sarah.lenard@advisir.com.au |
+1 647 258 3310 |
|
info@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 Lake Giles magnetite resource
of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated)
and 997 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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