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Magnetic Resources NL ( (AU:MAU) ) has issued an update.
Magnetic Resources NL has reiterated details from its earlier work on the Lady Julie Gold Project, noting that its preliminary feasibility study demonstrates project value while drawing on a resource base comprising roughly 73% Indicated and 27% Inferred Mineral Resources. The company emphasises that only a small proportion of Inferred material is scheduled for mining in the initial years and that this does not materially affect the project’s technical and economic viability, but also highlights the inherent uncertainty associated with Inferred resources and the need for further drilling to upgrade these to Indicated status, underlining both the potential and the geological risk profile that stakeholders should consider.
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 an Australian mineral exploration and development company focused primarily on gold projects, including the Lady Julie Gold Project in Western Australia, where it is progressing studies to assess production potential and economic viability.
Average Trading Volume: 288,037
Technical Sentiment Signal: Hold
Current Market Cap: A$398.9M
Find detailed analytics on MAU stock on TipRanks’ Stock Analysis page.