Steve Wyatt Backs Macarthur Minerals' Iron Ore Push

0:00MacArthur Minerals just pulled in $1.25 million through a capital raise, and the big news is mining heavyweight Steve Wyatt, jumping in as a cornerstone investor. The co-founder of Mineral Resources now holds a substantial stake, showing real belief in their Western Australia iron ore plans. Wyatt brings serious street cred from years running mining services, including engineering, crushing, and ore handling through his desktop group. MacArthur's exec chair, Cameron McCall, highlighted how his know-how could guide them from project stage to full production. This backs their massive Leg Giles iron project in the Yilgarne region, packing over 1.2 billion tons of magnetite resources, plus proven. Reserves of 236.6 million tons. There's also solid hematite deposits ready to ship. They already locked in a mining deal with Gold Valley for the hematite, with $750,000 Australian up front paid out. More milestone cash hits after the first 2 million tons sold, plus a $1 per ton royalty

1:04going forward. With Wyatt on board and costs tightening up, MacArthur sharpening focus on Aussie shareholders and turning those huge resources into real outlet. Setting Leg Giles up as a potential WA iron ore player. MacArthur's Sydney News Today update, AI powered and always on.