Cadence Minerals Macarthur Minerals updates on Lake Giles feasibility study

Cadence Minerals plc (LON:KDNC) has noted that Macarthur Minerals (ASX:MIO) has engaged CGG Aviation to undertake a Tempest airborne electromagnetic (AEM) survey of palaeovalleys adjacent to the Lake Giles Iron Project to assist in the identification of groundwater drilling targets. CGG mobilised to site on 10 March 2021 and the aerial survey was completed over a period of 5 days.

Highlights:

·      Survey covered an extensive area of the Rebecca palaeovalley in close proximity to the Lake Giles Iron Project where a large quantity of groundwater is expected to occur.

·      Tempest AEM survey successfully employed in previous groundwater aquifer interpretations.

·      Drill targets will be defined from AEM surveys with subsequent drilling planned during the first part of this year to test quality and quantity of water to support magnetite processing requirements.

Macarthur has been working with consulting hydrogeologists from Rockwater Pty Ltd (“Rockwater”) to define a source for process water requirements for magnetite processing at its Lake Giles Iron Project.

The Goldfields region contains numerous buried palaeovalleys that are likely to contain large volumes of groundwater. Such systems are currently exploited to supply process water demands for other Goldfields operations such as BHP’s Nickel West, Glencore’s Murrin Murrin Nickel Project and Gold Road’s Gruyere Gold Project. The western limb of the Rebecca palaeovalley is located approximately 15 to 40 km east of the Lake Giles Iron Project and extends over 160 km North to South. This system is expected to contain abundant groundwater and is currently not exploited by other operators.

Macarthur engaged CGG Aviation to undertake an airborne AEM survey covering an area of 970 km2. Electromagnetic data was collected from the survey which was conducted over 1,322 line kilometres at a line spacing of 800m. The Tempest AEM system is suited to conductivity mapping and has previously been utilised for mapping the location, extent and basement topography of palaeodrainage systems. Interpretation of the data collected will be undertaken by hydrogeologists from Rockwater, who are experts in the application of hydrological surveys, to define suitable drill targets for groundwater exploration.

The full announcement can be viewed here: https://macarthurminerals.com/wp-content/uploads/2021/03/MMS-NR-FS-update-AEM-Survey_16-March-2021.pdf

Cadence Minerals Holding in Macarthur

Cadence holds approximately 1% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Cadence Minerals

More articles like this

Cadence Minerals plc

Understanding the market dynamics of lithium prices

Lithium-ion, a key component in electric vehicles has seen a lot of fluctuation in market prices, which have dropped to CNY 2,05,000-2,46,000 a tonne, versus the highs of CNY 6,00,000 witnessed in November 2022. Lithium carbonate

Cadence Minerals plc

Iron ore up on China stimulus bets

Dalian iron ore futures extended gains on Tuesday on hopes of additional policy support for China’s economy, but the challenging outlook for the world’s top steel producer weighed on the steelmaking ingredient’s benchmark price in Singapore.

Cadence Minerals plc

The underbelly of electric vehicles

While electric vehicles are essential to reducing carbon emissions, their production can exact a significant human and environmental cost. To run, EVs require six times the mineral input, by weight, of conventional vehicles. These minerals, including

Cadence Minerals plc

Lithium key element for electric vehicle ramp up

WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight. This makes the alkali metal the mainstream choice for EV batteries, where high

Cadence Minerals plc

Iron ore edges up

Dalian and Singapore iron ore futures slightly rebounded on Thursday as the market expected downstream steel demand to gradually recover after the latest wave of inclement weather that has constrained construction activities. The most-traded September iron

Cadence Minerals plc

Iron ore snaps losing streak

Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in China capped gains. Benchmark prices of the steelmaking ingredient slumped last week,

Cadence Minerals

Iron ore futures edge higher

Dalian iron ore futures edged higher on Tuesday, with the benchmark contract hitting a record high, as the steelmaking ingredient tracked buoyant steel prices in China, though regulatory concerns limited gains. Sentiment was propelled by improved

Cadence Minerals

Iron ore climbs on improving downstream demand

Dalian and Singapore iron ore futures rose on Tuesday, as warmer weather raised expectations for a pickup in steel demand and the market focused on improving consumption fundamentals. The most-traded May iron ore contract on China’s

Cadence Minerals

Lithium, a key commodity for automakers

After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world. Batteries are a foundational technology in the transition away from fossil

Cadence Minerals

Iron ore price jumps on China data

Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchange

Cadence Minerals

Iron ore being pushed higher

The spot price of iron ore is being pushed higher in a pincer move of stronger Chinese demand and lower supply from the world’s two biggest exporters of the steel raw material. The spot price of

Cadence Minerals

Global demand for lithium batteries to leap five-fold by 2030

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in