Magnetic Resources Achieves Breakthrough in Gold Recovery with Optimized Flotation

Magnetic Resources NL ( (AU:MAU) ) has issued an announcement.

Magnetic Resources NL has reported strong metallurgical results from its LJN4 deposit, showcasing a significant improvement in gold recovery rates. The optimized flotation circuit achieved a 97.5% recovery rate, a notable increase from the conventional gravity/leach method. This advancement is particularly promising given the potential resource expansion in the central and northern high-grade core zones. Additionally, the company has successfully extended its two-stage flotation and fine grinding process to other non-oxide composites, resulting in reduced capital and operational expenditures due to smaller equipment requirements.

More about Magnetic Resources NL

Magnetic Resources NL is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction and processing of gold, with a market focus on enhancing recovery rates and optimizing mining operations.

YTD Price Performance: 29.55%

Average Trading Volume: 125,958

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$393.6M

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