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Magnetic Resource NL Unveils Major Underground Expansion at Lady Julie Gold Project
7:02pm on Monday 23rd of March, 2026 AEDT
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Mining
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Magnetic Resource NL Unveils Major Underground Expansion at Lady Julie Gold Project
7:02pm on Monday 23rd of March, 2026 AEDT
Key Points
Underground production target increased to ~13 million tonnes at 2 g/t gold
Mine life extended to 14–19 years with higher annual production rates
Total underground mining costs reduced to $116–$122 per tonne
Incorporation of longitudinal and transverse mining methods with paste fill
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