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The latest announcement is out from Magnetic Resources NL ( (AU:MAU) ).
Magnetic Resources NL has announced a substantial increase in the size of the LJN4 deposit within the Lady Julie Gold Project, with a 22% increase in contained gold. This development, alongside a new agreement with the Wangkatja Tjungula Aboriginal Corporation, positions the project closer to development readiness. The company is also in discussions with potential financiers and mining partners, indicating a strategic move towards advancing the project’s feasibility study, which will consider both open cut and underground resources for the first time.
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 operating in the mining industry, primarily focused on gold exploration and development. The company is involved in various projects in the Laverton region, including the Lady Julie Gold Project, which is a significant part of their operations.
Average Trading Volume: 119,896
Technical Sentiment Signal: Buy
Current Market Cap: A$383.7M
For an in-depth examination of MAU stock, go to TipRanks’ Overview page.