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- Macarthur Minerals (MIO) is looking to bolster its Lake Giles Iron Project feasibility study with two new technical appointments
- The study is underway at Macarthur’s magnetite Lake Giles Iron Project in Western Australia, which touts a combined 53.9 million tonne mineral resource
- Dr Richard Peck and Bernard Holtshousen will join the team as mineral processing and mining engineers, respectively
- Macarthur Minerals CEO Andrew Bruton called new appointments a smart step for Macarthur
- Macarthur Minerals shares are up 6.67 per cent following the announcement, trading at 56 cents
Macarthur Minerals (MIO) is looking to bolster its Lake Giles Iron Project feasibility study with two new technical appointments.
The study is in the works at the company’s Lake Giles Iron Project in Western Australia, which touts a magnetite resource of 53.9 million tonnes measured, 218.7 million tonnes indicated and 997 million tonnes inferred.
Dr Richard Peck and Bernard Holtshousen will join the team as mineral processing and mining engineers, respectively, in a move the company affirms will “enhance the delivery” of the study.
Dr Peck will bring over 30 years of international consulting experience, having worked as a technical consultant for international mining companies through groups such as Fluor Daniel, ProMet Engineers and his own consultancy.
Bernard Holtshousen has served on the board of directors of many public-listed and unlisted mining companies as a Director, Managing Director and Chairman and also has previously held the position of General Manager for Macarthur’s Lake Giles Iron Project.
Macarthur Minerals CEO Andrew Bruton called the new appointments a smart step for the company.
“The deliberate decision to combine the expertise of Dr Peck and Mr Holtshousen is aimed at ensuring that the Macarthur owners’ team can facilitate responsible strategies and improve the efficiency of operations in the magnetite mining and processing at Lake Giles,” he commented.
Macarthur Minerals shares are up 6.67 per cent following the announcement, trading at 56 cents at 4:17 pm AEDT.
