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Magnetic Resources NL ( (AU:MAU) ) has issued an announcement.
Magnetic Resources NL has reported successful drilling results at its LJN4 site, part of the Laverton Project, revealing a significant intersection of 149.4 meters at 1.24 grams per ton of gold. The drilling has identified multiple high-grade core zones, suggesting a potential increase in the resource size and underground mining potential, which could enhance the company’s market position and offer promising returns for stakeholders.
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 operating in the mining industry, focusing on the exploration and development of mineral resources, particularly gold. The company is engaged in expanding its resource base through drilling activities, with a significant focus on the Laverton Project in Western Australia.
Average Trading Volume: 408,179
Technical Sentiment Signal: Sell
Current Market Cap: A$348.4M
Learn more about MAU stock on TipRanks’ Stock Analysis page.