UPDATE: Macarthur Minerals' Positive Metallurgical Test Work Bolsters Project Potential; Shares Slip 2% to Near Year Lows

By Midnight Trader,  June 01, 2012, 02:52:05 PM EDT

Macarthur Minerals Limited (MMS.TO) today announced the results of two metallurgical test work programs designed to test the amenability of hematite from the Ularring Hematite Project, to beneficiation.

The results of this work were encouraging and indicated that it was technically possible to recover materials with a gradeof more than 60% Fe and with a recovery of over 63% using conventional gravity beneficiation techniques.

MMS is now unchanged at 59 cents, which is just 6 cents above year lows. Volume traded is about 8,000.

MMS is now down by almost 2% at 58 cents, which is just 5 cents above year lows. Volume traded is about 11,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Investigate The Other Guy
Investigate The Other Guy           
Durable Goods on Tap Ahead of Holiday Weekend
Durable Goods on Tap Ahead of Holid...
Flying Car For the Masses Set For Take-Off
Flying Car For the Masses Set For T...
Delivery Company Makes Special Trip For Oklahoma Tornado Victims
Delivery Company Makes Special Trip...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%