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Macarthur Minerals Limited (ASX:MIO)

ALERT: Price-sensitive ASX Announcement for MIO
Current share price for MIO : $0.025 0.004 (19.05%)+
Announcement
Release
30 Jul 2026 4:30PM
Price at Release
$0.021
Full Release
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Summary
Macarthur Minerals Limited reported its quarterly activities for the period ended 30 June 2026, focusing on the Lake Giles Iron Project in Western Australia. The company completed a A$1.25 million placement to support this project and other working capital needs. They secured approval from the Western Australian Department of Mines for planned field activities and allowed Gold Valley Yilgarn Pty Ltd to assign a 50% interest in its Lake Giles Hematite Agreement rights to Destec. Macarthur maintained the Lake Giles project, focusing on project maintenance and strategic assessments without significant drilling activities. Financially, the company ended the quarter with a cash position of A$324,409.
Key Points
  • Completed A$1.25 million placement for Lake Giles Iron Project.
  • Secured Program of Work approval from WA Department of Mines.
  • Allowed 50% interest assignment in Lake Giles Hematite Agreement to Destec.
  • Maintained Lake Giles Iron Project in good standing.
  • Cash position at end of June 2026 was A$324,409.
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.