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Magnetic Resources Boosts Lady Julie Gold Resource to 1.75Moz, Eyes Underground Mining

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Magnetic Resources Boosts Lady Julie Gold Resource to 1.75Moz, Eyes Underground Mining

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Lady Julie Gold Project resource updated to 28.11 Mt at 1.93g/t Au, containing 1.75Moz gold
  • 75% of resource now classified as Indicated, up from 68%
  • Scoping study supports concurrent underground mining producing 550,000tpa of higher-grade ore
  • Processing plant capacity increased to 2.75Mtpa with new ball/SAG mill circuit
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