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MGX Advances Central Tanami Gold Project with $50M Acquisition and Underground Development Plans

8:38am on Friday 24th of April, 2026 AEST Mining
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MGX Advances Central Tanami Gold Project with $50M Acquisition and Underground Development Plans

8:38am on Friday 24th of April, 2026 AEST
Key Points
  • Completed 50% acquisition of Central Tanami Gold Project for $50 million
  • Macmahon Underground selected for Groundrush exploration decline construction
  • Koolan Island low-grade iron ore shipments delayed by wet season but set to increase
  • Rehabilitation on Koolan Island on track for mid-2026 completion
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