MIO – Macarthur Minerals

Not much has changed, since I asked that question, or after your reply. Even with an interest in Infinity Mining, holders are waking up to the fact, that MacArthur cannot pull the Lake Giles Project off, or get Infinity off the ground.

sorry gozza, I forgot to remember.

Quarterly – REVIEW OF OPERATIONS

Western Australia Iron Ore Projects – Lake Giles
During the September 2025 quarter, Macarthur maintained its focus on preserving the integrity and value of its Lake Giles Iron Ore Project in Western Australia. The Company continued to manage its statutory and tenement commitments across the Lake Giles tenure while reviewing pathways for commercialisation of the magnetite resource base. No new field activities were undertaken during the quarter, with operational efforts directed toward corporate initiatives supporting the next phase of project advancement.

Corporate
During the quarter, Macarthur Minerals Limited progressed several key corporate initiatives to strengthen its capital structure and governance.
The Company advanced its fully underwritten renounceable entitlement offer to raise up to A$2 million before costs under the Replacement Prospectus dated 13 June 2025 and Supplementary Prospectus dated 23 July 2025.
Eligible shareholders were entitled to subscribe for one new share for every two existing shares held at an issue price of A$0.02 per share, with one free-attaching option for every two new shares subscribed, exercisable at A$0.03 and expiring two years from the date of issue. The offer was underwritten by Gold Valley Yilgarn Pty Ltd (GVY).

The entitlement offer closed on 31 July 2025, raising approximately A$447,242 from shareholder subscriptions.

The shortfall of A$1.55 million (77,470,746 shares and 38,735,373 options) was taken up under the underwriting agreement, resulting in GVY subscribing for an Immediate Allocation of 55,480,000 shares and 27,740,000 options (A$1.11 million) and an Excess Allocation of 21,990,746 shares and 10,995,373 options (A$439,815), subject to shareholder approval. Total proceeds from the entitlement offer and underwriting amounted to approximately A$1.996 million.

At the Annual General Meeting held on 29 August 2025, shareholders approved Resolution 14 authorising the issue of the Excess Allocation to GVY, allowing its interest in the Company to increase to a maximum of approximately 24.76 per cent.

All other resolutions, including director elections and share plan adoptions, were also carried. (i bet they were)