Magnetic Resource NL Expands Lady Julie Underground Target to 13 Million Tonnes

• Underground production target raised to approximately 13 million tonnes at 2 g/t gold
• Mine life extended to 14–19 years with higher average and peak production rates
• Estimated underground mining costs reduced to $116–$122 per tonne including $181–$222 million CAPEX
• Scoping study level results pending further geotechnical and metallurgical validation