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Macarthur Minerals Limited (ASX:MIO)

ALERT: Price-sensitive ASX Announcement for MIO
Current share price for MIO : $0.017 -0.009 (-34.62%)+
Announcement
Release
4 Jun 2026 8:53AM
Price at Release
$0.026
Full Release
download
Summary
Macarthur Minerals Limited has entered into a Deed of Assignment with Gold Valley Yilgarn Pty Ltd and Destec Contracting Pty Ltd regarding the Lake Giles Ularring Hematite Project. Under this agreement, Gold Valley has transferred a 50% interest in its rights, interests, and obligations under the Principal Agreement to Destec. This arrangement, which does not affect Macarthur's ownership of its tenements, introduces additional mining services capabilities and experience from Destec, aiming to advance the project. Macarthur Iron Ore Pty Ltd, a subsidiary of Macarthur, has consented to this assignment. This joint venture supports Macarthur's strategy to enhance its Western Australian iron ore portfolio and unlock value from its assets.
Key Points
  • Macarthur Minerals entered a Deed of Assignment with Gold Valley and Destec.
  • Gold Valley assigned a 50% interest to Destec under the Principal Agreement.
  • Destec brings additional mining capabilities to the Lake Giles Project.
  • Macarthur's ownership of tenements remains unaffected.
  • The joint venture aims to advance the Lake Giles Ularring Hematite Project.
  • Macarthur's strategy focuses on enhancing its Western Australian iron ore portfolio.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.