Magnetic Resources NL (AU:MAU) has released an update.
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Magnetic Resources NL has reported substantial growth in the LJN4 deposit with multiple high-grade gold intersections from recent deep drilling, signaling a significant expansion of the open pit and the potential for underground mining. The latest assays have produced impressive gold grades with thicknesses that suggest a bright future for resource enlargement. This advancement could lead to an increase in the estimated resources, not yet accounted for in the current economic study.
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