Magnetic Resources NL (AU:MAU) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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.
For further insights into AU:MAU stock, check out TipRanks’ Stock Analysis page.
