Magnetic Resources NL (AU:MAU) has released an update.
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Magnetic Resources NL has announced the expansion of the LJN4 deposit, which is now confirmed to be larger than previously estimated, with recent drilling revealing significant dimensions and continued growth. The company has also acquired a new tenement, E38/3666, from Rincon Resources Limited, which covers potential extensions of the LJN4 Deposit, currently boasting a resource of 1.49 million ounces of gold. The acquisition and ongoing deeper drilling campaigns signal a promising future for the resource expansion beyond the already substantial gold deposits.
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