Macarthur Minerals (TSE:MMS) has released an update.
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Macarthur Minerals has secured a deal with Gold Valley Yilgarn Pty Ltd, granting rights to mine hematite ore from its Lake Giles Ularring Hematite Project in Western Australia. While maintaining ownership of the tenements, Macarthur will receive multiple payments including a royalty for each tonne mined beyond the first two million metric tonnes. This agreement is seen as a significant step in advancing Macarthur’s iron ore production and financial stability.
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