Macarthur Minerals Study Award - 20.08.2010
Macarthur Minerals has commissioned project delivery company, Engenium to progress the development of its Lake Giles iron ore project located in Western Australia. Macarthur Minerals Ltd is an Australian public company listed in Canada (TSXV).
Engenium will undertake both the prefeasibility study (PFS) for the hematite direct ship ore project and the scoping study for the magnetite project. This award progresses Macarthur Minerals’ strategy to commence a small scale mining for DSO, subject to a positive prefeasibility study.
The PFS for the Lake Giles DSO project will investigate all aspects of the mining operation from mining the ore through to loading onto ship and is expected to be completed in Q3 2010. The magnetite scoping study is scheduled for completion in August 2010. The Lake Giles Project is located about 450 km east-northeast of the coastal city of Perth, Western Australia and covers a total area of 1155 km².
Engenium recently managed the metallurgical test work on behalf of Macarthur to determine the processing techniques to further upgrade the ore prior to export.
Perth-based Engenium is experienced in developing emerging hematite and magnetite projects, having completed numerous projects with established producers throughout Australia.
“Our reputation for helping explorers turn into mining companies is growing,” said Mr Begley, Engenium’s Managing Director. “The team has built a good track record in working with juniors to fast track their DSO projects into production. In most cases, our clients want to generate cash-flow as soon as possible and we help them work out the best way to deliver that objective. Usually this is from the concept stage through to handing over an operating mine.”
Engenium’s credentials include a “who’s who” of the iron ore corporate sector including Atlas Iron, BC Iron, Golden West Resources, Brockman Resources, Centrex Metals and numerous upcoming juniors looking to develop new mines across Australia.
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