Magnetic Resources boosts Lady Julie gold recoveries with simpler gravity flowsheet

The latest update is out from Magnetic Resources NL ( (AU:MAU) ).

Magnetic Resources NL has reported new metallurgical testwork results for its Lady Julie North 4 deposit that show gravity concentration combined with regrinding of CIL tails and cyanide leaching is a viable alternative to the previously favoured flotation-based flowsheet. Across seven metallurgical composites, the optimised gravity and regrind route delivered gold recoveries ranging from 70.9% to 97.8%, averaging 92.0%, slightly higher than earlier flotation-based results and significantly better than standard gravity plus CIL leach alone.

The company says substituting flotation and intensive leaching with an additional Knelson gravity concentrator and fine regrind of CIL tails could lower capital and operating costs while simplifying plant operation. Management argues these outcomes further enhance the already strong economics and execution certainty of the Lady Julie Gold Project, reinforcing its positioning as one of Australia’s higher-margin undeveloped gold projects and potentially improving returns for stakeholders.

The most recent analyst rating on (AU:MAU) stock is a Hold with a A$2.00 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 an Australian mineral exploration and development company focused on gold projects in the Eastern Goldfields of Western Australia. Its flagship asset is the 100% owned Lady Julie Gold Project, which the company is advancing as a standalone, high‑margin gold development.

Average Trading Volume: 761,611

Technical Sentiment Signal: Buy

Current Market Cap: A$614.5M

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