Cadence Minerals note the announcement from Macarthur Minerals that it has confirmed significant intersections of magnetite mineralisation at its Lake Giles Iron Project near Kalgoorlie in Western Australia following the completion of its infill drilling program. Drilling at the Moonshine North deposit comprised 21 reverse circulation (RC) holes for 3,379 metres advance and 9 diamond drill (DD) holes for 1,676.2 metres advance totaling 5,055.2m. Drilling was completed in December 2019. Highlights: DD hole LGDD_070 intersected high grade magnetite mineralisation. The interval 73m to 174m (101m) averaged 28.4% Fe. DD hole LGDD_071 intersected the interval 78m to 162m (84m) averaging 30.4% Fe (including the interval 106m to 130m with a grade of 41.2% Fe). DD hole LGDD_074 intersected the interval 46m to 99m (53m) averaging 32.8% Fe.