Mineral companies are in the spotlight Wednesday, this time with Vancouver-based Macarthur Minerals Limited (TSX-Venture: MMS) commenting on its continued progress towards completing its route to market for the flagship Moonshine magnetite deposits at Lake Giles, in Australia.
RCR Mining Technologies Pty Ltd was recently brought in to provide a conceptual engineering and design solution for rail transport and unloading infrastructure of magnetite concentrate at the Port of Esperance, Macarthur and RCR MT completed a site visit to the port on August 27 in conjunction with representatives from Southern Ports Authority and Arc Infrastructure.
Subject to approval by Southern Ports Authority, RCR MT’s cutting edge ‘Helix Dumper Wagon’ transport solution for Lake Giles Iron Project can be developed within the Port envelope at Esperance.
Macarthur’s proposal for the development of Helix Dumper will reportedly make for optimization of existing Berth 3 ship-loader capacity at Esperance, enhancing its current performance from the current 2,220tph throughput to over 4,500tph capacity.
MMS shares made their way boldly higher by three cents, or 5%, to 63 cents early Wednesday afternoon, on volume of 154,000 shares.
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