Macarthur Minerals 2024 Annual General Meeting Overview

Macarthur Minerals Limited (ASX:MIO) is making significant progress in advancing its Lake Giles projects, as outlined in the Chairman's address at the 2024 Annual General Meeting. The company, focused on iron ore development and lithium exploration, reported positive developments in the final phase of the Lake Giles Project's development. Executive Chairman and CEO, Cameron McCall, highlighted the company's efforts to work with Golden Valley on hematite export and the ongoing search for a strategic partner for the magnetite project. Macarthur also successfully completed a private placement, raising A$1.282 million, to support its future endeavors.

Executive Chairman's Commentary on Company Progress

Good morning Ladies and Gentlemen. I have pleasure in welcoming you to the 2024 Annual General Meeting for Macarthur Minerals Limited. My name is Cameron McCall, Executive Chairman and CEO of Macarthur, and I preside as the Chairperson of today's meeting in accordance with the constitution. I will provide some comments on the company's progress. On behalf of the Board and management of Macarthur Minerals, I am pleased to report positive progress in the final phase of the development of our Lake Giles Project, despite challenging equity market conditions for junior miners and a fluctuating global economy. Today, I will focus on two key outcomes essential for realizing value for all shareholders: 1. The Company continues to work with Golden Valley (GVL) on contracting and permitting requirements that will see hematite exported from the Lake Giles in late 2025. 2. Macarthur continues to seek a strategic partner for the development of the Lake Giles magnetite project.

Summary of Macarthur Minerals 2024 Annual General Meeting Address

Macarthur Minerals Limited (ASX:MIO) is actively progressing its Lake Giles projects, with a focus on advancing the hematite export and seeking a strategic partner for the magnetite project. The company has successfully completed a private placement, raising A$1.282 million, to support its future endeavors. Macarthur's efforts to work with Golden Valley on contracting and permitting requirements for hematite export from Lake Giles, along with the ongoing search for a strategic partner for the magnetite project, demonstrate the company's commitment to project development and value realization for its shareholders. Additionally, Macarthur's involvement in Infinity Mining Limited and its cost reduction program further underline the company's dedication to core fundamentals and project delivery. The company's proactive approach and strategic initiatives position it for potential growth and value creation in the future.