Magnetic Resources Reports Expansion of LJN4 Gold Zone and Feasibility Study Progress

The latest update is out from Magnetic Resources NL ( (AU:MAU) ).

Magnetic Resources NL has reported significant progress in expanding the down-dip dimension of the LJN4 northern main zone to over 1000 meters, revealing multiple high-grade gold intersections. The company is planning further deep diamond drilling to explore deeper extensions, and a feasibility study is underway to assess both open cut and underground resources, which is anticipated to improve economic prospects. Magnetic Resources is also in discussions with various mining companies and financiers regarding potential collaborations and financing for the Lady Julie Gold Project.

More about Magnetic Resources NL

Magnetic Resources NL is a mining company operating primarily in the gold mining industry. The company focuses on exploring and developing gold deposits in the Laverton region in Western Australia, with several mining and exploration licenses in the area.

YTD Price Performance: -0.90%

Average Trading Volume: 147,138

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$292.1M

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