"Macarthur Minerals announces Binding Off-take Agreement with Glencore"

Toowong, Australia -- April 15, 2019 -- InvestorsHub NewsWire -- Macarthur Minerals (TSX-V: MMS) (OTCQB: MMSDF) is proud to announce it has signed a binding life-of-mine offtake agreement with Glencore International A.G., one of the worlds largest globally diversified natural resource companies. The agreement is for the sale of iron ore, from the commencement of commercial production, to be produced from the Company's Iron Projects at Lake Giles in the Yilgarn region of Western Australia. The agreement has commercial terms for approximately 4 million tonnes per annum average for the first 10 years, with the option to extend for a following 10 years for all tonnes of future Lake Giles iron ore production.

Macarthur has also made further advancements in the commercialisation of its Iron Ore Projects with the recent announcement that it has entered into a negotiation Agreement with Aurizon, Australia's largest rail freight operator, to provide rail haulage services including the supply of rolling stock, for the purpose of transporting iron ore from the Project to the Port of Esperance.

The Company has delineated more than 1.3 billion tonnes of inferred magnetite resource at 30.1% Fe for its Moonshine Magnetite Project ("Moonshine"). In addition, the Ularring Hematite Project ("Ularring") has an Indicated Mineral Resource of 54.46 million tonnes ("Mt") @ 47.2% Fe and an Inferred Mineral Resource inventory of 25.39 Mt @ 45.2% Fe.

The increase in iron ore prices following the cut in Vale's output after its fatal tailings dam failure in Brazil a few months ago, have had positive benefits to the Lake Giles iron projects. Recent price increases coupled with several dealers increasing their mid and long-term forecasts (i.e. UBS Warburg & Morgan Stanley) for Iron Ore as a result of global production cuts bodes well for Macarthur to capitalize on the bullish outlook going forward.
 

For more information go to:

www.macarthurminerals.com

https://markets.businessinsider.com/commodities/iron-ore-price

Investor Cubed

Neil Simon, CEO

647-258-3310

nsimon@investor3.ca

Disclaimer: The information contained herein has not been reviewed or approved by any regulatory body. This information is solely for discussion purposes and should not be relied upon. Only regulatory approved releases should be relied upon. The information contained herein is not a solicitation to buy, hold or sell securities in any way. Although Macarthur takes every precautious to ensure its accuracy Macarthur takes no responsibility for the information and contents contained herein.

*Iron Ore prices quoted are based on current prices and future forecasts. There is no assurance these prices will stay at these levels if and when Macarthur starts production. Commodity prices fluctuate and current values may vary and future prices may not necessarily stay where current levels are.

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