tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Magnetic Resources Advances Lady Julie Gold Project with New Mining Lease

Story Highlights
  • Magnetic Resources NL secures a mining lease for the Lady Julie North 4 deposit.
  • The company moves closer to production with strong economic feasibility and additional lease agreements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magnetic Resources Advances Lady Julie Gold Project with New Mining Lease

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Magnetic Resources NL has been granted a mining lease for the Lady Julie North 4 deposit, marking a significant step towards developing the Lady Julie Gold Project. The company has also signed an access agreement with GSM Mining Company Pty Ltd, facilitating the granting of additional mining leases. These developments, alongside a recent feasibility study showing strong economic potential, position the company closer to production readiness, potentially impacting its market position and stakeholder interests positively.

The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 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 in the mining industry, primarily focused on gold exploration and development. Its main project is the Lady Julie Gold Project, which is a significant part of its operations.

Average Trading Volume: 132,686

Technical Sentiment Signal: Buy

Current Market Cap: A$411.9M

For detailed information about MAU stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1