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Magnetic Resources NL ( (AU:MAU) ) has provided an announcement.
Magnetic Resources NL has reported multiple thick, high-grade gold intersections from recent diamond drilling at its LJN4 deposit within the Laverton Project, which currently hosts a 1.94-million-ounce resource and forms part of a broader 2.14-million-ounce gold inventory. The latest infill and extension drilling across High-Grade Cores 3 and 4, as well as the southern breccia zone (HGC1), has returned strong gold grades at depth and along strike that are not yet included in the current resource, indicating scope for a significant resource upgrade and greater underground mining potential; additional planned holes will further test extensions and a possible fifth high-grade zone, reinforcing LJN4’s status as a near world-class deposit and potentially enhancing the project’s long-term value for stakeholders.
The most recent analyst rating on (AU:MAU) stock is a Hold with a A$1.50 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 company focused on gold projects in the Laverton region of Western Australia. The company is advancing its Laverton Project, including the LJN4 gold deposit, targeting expansion of existing resources and assessing both open-pit and underground mining potential in a historically significant gold-producing district.
Average Trading Volume: 259,175
Technical Sentiment Signal: Hold
Current Market Cap: A$379.7M
See more insights into MAU stock on TipRanks’ Stock Analysis page.