Macarthur Minerals Fourth Quarter Update - Seite 3

The Company’s General Manager Projects, Dr Dean Carter, has been tasked with advancing the early DSO production opportunity. Dr Carter’s key role in the Feasibility Study for magnetite operations at Lake Giles will also focus on securing the required environmental approvals over impact zones at Moonshine and Moonshine North deposits, and along the haul road tenure areas.

Mr Richard Moon has been busy introducing the Lake Giles opportunity to key Korean and Japanese steel mills, as well as major international engineering groups and key equipment suppliers. Mr Moon’s continued focus on progressing the Company’s engagement with these groups will be important as we move through funding requirements to support project capital requirements.

Finally, the Company’s Managing Director, Mr Joe Phillips, will focus on project development financing and on repositioning the Company’s Pilbara and Nevada asset portfolio’s, ensuring that the Company can maximise benefits to shareholders and enhancing Macarthur’s focus on its objective to transition into iron ore production.

Macarthur has a very active year planned and I will keep shareholders across key developments, including regular updates on the continued progress of our Feasibility Study for Lake Giles throughout the course of the year.”

Grant Share Based Compensation

Pursuant to the Company’s Share Compensation Plans (“Plans”), the Board of Directors of the Company has granted an aggregate of 2,282,500 restricted share units (“RSUs”) to acquire common shares of the Company pursuant to the Plans, to Directors, various Employees and Consultants of the Company. The RSUs vest in the event that the closing share price of the Company’s shares on the TSX Venture Exchange is greater than C$0.70 for 20 consecutive trading days. The RSUs are being issued under the terms of the Company’s Share Compensation Plans which were approved by shareholders at the Company’s Annual General Meeting on 30 October 2020.

On behalf of the Board of Directors, Mr Cameron McCall, Chairman

For more information please contact:

Joe Phillips
Managing Director
[phone]
[e-mail]

Investor Relations – Australia	Investor Relations - Canada
Advisir	Investor Cubed
Sarah Lenard, Partner	Neil Simon, CEO
[e-mail]	[phone]
	[e-mail]

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