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Magnetic Resources NL ( (AU:MAU) ) has issued an announcement.
Magnetic Resources NL has presented information regarding its Lady Julie Gold Project, highlighting the project’s financial viability and production targets. The company has disclosed that the project comprises a mix of Indicated and Inferred Mineral Resources, with plans to convert more resources to the Indicated category through further drilling. The announcement underscores the company’s confidence in the project’s economic potential, despite the inherent uncertainties associated with Inferred Resources.
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 involved in the exploration and development of mineral resources, with a focus on gold projects. The company is engaged in advancing its Lady Julie Gold Project, which involves both Indicated and Inferred Mineral Resources.
Average Trading Volume: 407,112
Technical Sentiment Signal: Sell
Current Market Cap: A$380.9M
See more insights into MAU stock on TipRanks’ Stock Analysis page.