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Magnetic Resources NL ( (AU:MAU) ) has shared an update.
Magnetic Resources NL has announced the approval of all mining leases for the Lady Julie Gold Project, marking a significant milestone towards production. The granted leases cover the main deposits within the project, and a recent resource upgrade indicates a substantial increase in gold resources. This development positions the company closer to being production-ready, with a feasibility study highlighting strong economic potential.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$3.98 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
More about Magnetic Resources NL
Magnetic Resources NL is a company operating in the mining industry, primarily focused on gold exploration and development. Their key project is the Lady Julie Gold Project, which includes several gold deposits.
Average Trading Volume: 214,939
Technical Sentiment Signal: Hold
Current Market Cap: A$398.6M
Learn more about MAU stock on TipRanks’ Stock Analysis page.