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Magnum Mining and Exploration Limited ( (AU:MGU) ) has provided an announcement.
Magnum Mining & Exploration has disclosed a change in the indirect holdings of director Leslie Pereira, with related entity Nannook Holdings Pty Ltd being issued 30 million listed director options at a nominal price of $0.00001 each. The new options, granted under an options prospectus dated 13 January 2026 and shareholder-approved board performance plan resolutions from December 2025, expand Pereira’s incentive-based exposure alongside existing shares and performance rights, further aligning the director’s interests with shareholder outcomes through equity-linked remuneration.
The most recent analyst rating on (AU:MGU) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
More about Magnum Mining and Exploration Limited
Magnum Mining & Exploration Limited is an Australia-listed resources company focused on mineral exploration and development, providing exposure to mining-related assets for investors in the commodities sector.
Average Trading Volume: 19,782,255
Technical Sentiment Signal: Sell
Current Market Cap: A$19.16M
For an in-depth examination of MGU stock, go to TipRanks’ Overview page.