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VANCOUVER, BC, Oct. 24, 2022 /CNW/ - Macarthur Minerals Limited (TSXV: MMS) (ASX: MIO) (OTCQB: MMSDF) (the Company or Macarthur) is pleased to update shareholders on a productive third quarter 2022 in which the Company appointed a Strategic Sub-Committee to proceed with the assessment, and implementation of the Company's plan for the development of the Lake Giles Iron Project and associated infrastructure (power, water treatment and construction). The appointment of the Strategic Sub-Committee follows on from the delivery of the maiden Ore Reserve and completion of the Feasibility Study earlier in the year.