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Macarthur Minerals Limited

11:48 AM EST - Macarthur Minerals Limited : Announced that the board has resolved to progress an Australian Securities Exchange Initial Public Offeringof its Australian lithium and iron ore projects, subject to regulatory approval. Macarthur Minerals will maintain majority ownership and control of the ASX IPO listed entity. Macarthur Minerals Limited shares V.MMS are trading unchanged at $0.06.