Macarthur Minerals Limited (TSXV: MMS) (ASX: MIO) (OTCQB: MMSDF) (the Company or Macarthur) is pleased to update shareholders on activities during the fourth quarter of 2021.

Q4 2021 was very active in which the Company continued to focus on the delivery of the Feasibility Study for its high-grade magnetite Lake Giles Iron Project in Western Australia. The heavy lifting undertaken in Q4 2021 now sets Macarthur up for an exciting start to 2022

Andrew Bruton, Chief Executive Officer of Macarthur Minerals commented: 'The fourth quarter of 2021 was a very active period for the Company as it moves into the final stage of delivery for its Feasibility Study in early 2022. The fundamental value driver for the Company is its massive 1.3 billion tonne high grade magnetite mineral resources, and Macarthur's flagship project at Lake Giles will provide significant upside potential for shareholders not only in the near term, but for many decades to come. The Company has committed to delivering the Mineral Reserves Statement and the final Feasibility Study outputs for the Lake Giles Iron Project to the market in accordance with the timeframes announced in December and has big plans to accelerate into 2022 with a clear strategy to finance the project and bring it out of the ground. For Macarthur shareholders, the most important takeaway as we enter 2022 is that the structural shift in the global iron ore market towards high-grade iron ore (and magnetite in particular) is well and truly 'on'. Global policy changes and the realisation amongst producers of lower grade ore that they are vulnerable to pricing movements have already resulted in very visible shifts in the strategic positioning of the Company's competitors over the last two months. The market will eventually catch up when it digests the broader significance of those strategic pivots, and when it realises that the value of iron ore companies moving further into the current decade must now be inherently linked to: (1) product grade and (2) the new normal of net zero. As the most technically advanced magnetite project in the Yilgarn region of Western Australia at present, and with a high grade, low impurity magnetite product that can contribute to the global shift towards net zero emissions, Macarthur is ideally positioned to take advantage of this shift and help lead Australia's contribution to a cleaner steel future. 2022 will be an exciting year for the Company as it focuses on core fundamentals and project delivery. I look forward to sharing the Company's progress with you.'

Contact:

Joe Phillips

Tel: +61 7 3221 1796

Email: communications@macarthurminerals.com

Caution Regarding Forward Looking Statements

Certain of the statements made and information contained in this press release may constitute forward-looking information and forward looking statements (collectively, 'forward-looking statements') within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Mineral Reserves or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

(C) 2022 Electronic News Publishing, source ENP Newswire