An announcement from Magnetic Resources NL ( (AU:MAU) ) is now available.
Magnetic Resources NL has reported significant progress in its LJN4 deposit, with an increase in resource size and potential for further expansion at depth. Recent drilling results have highlighted new high-grade zones, prompting a feasibility study to explore both open cut and underground mining operations. The company is in discussions with potential mining partners and financiers, indicating promising economic prospects for its Lady Julie Gold Project.
More about Magnetic Resources NL
Magnetic Resources NL is a mining company focused on gold exploration and development. The company holds extensive tenements in the Laverton region of Western Australia, including projects such as Hawks Nest, Lady Julie, and Mt Jumbo, among others. Magnetic Resources is actively engaged in expanding its resource base and exploring potential mining operations.
YTD Price Performance: 36.65%
Average Trading Volume: 136,854
Technical Sentiment Signal: Sell
Current Market Cap: A$402.9M
For detailed information about MAU stock, go to TipRanks’ Stock Analysis page.