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Magnetic Resources Raises A$35M to Propel Lady Julie Gold Project Forward

2:30pm on Tuesday 19th of August, 2025 AEST Mining
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Magnetic Resources Raises A$35M to Propel Lady Julie Gold Project Forward

2:30pm on Tuesday 19th of August, 2025 AEST
Key Points
  • A$35 million placement completed at A$1.30 per share
  • Funds to support drilling, feasibility study optimisation, and early site works
  • Strong participation from domestic and international institutional investors
  • Placement shares issued at a 5.1% discount to last close price
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