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Magnetic Resources NL ( (AU:MAU) ) has shared an announcement.
Magnetic Resources NL announced an increase in gold resources at its Lady Julie Gold Project, indicating a positive update for the project’s development. The company has demonstrated that the project’s financial viability is not heavily reliant on Inferred Mineral Resources, with plans for further drilling to convert these to Indicated Mineral Resources, thereby strengthening its market position and potential stakeholder confidence.
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 the exploration and development of gold resources. The company is engaged in projects that aim to increase gold resource estimates and enhance the economic viability of its mining operations.
Average Trading Volume: 105,662
Technical Sentiment Signal: Buy
Current Market Cap: A$415.9M
Find detailed analytics on MAU stock on TipRanks’ Stock Analysis page.