Latest Magnetic Resources (ASX:MAU) News

Magnetic Resource NL is refining its Lady Julie Gold Project with updated mine designs and infrastructure work, aiming to reduce costs and boost gold recovery ahead of a final optimization report in early 2026.

Magnetic Resources NL reports significant thick, high-grade gold intersections at its Lady Julie North 4 deposit, boosting the Laverton Project resource to 2.14 million ounces. New drilling reveals a rapidly expanding fourth high-grade core zone with strong underground potential.

Magnetic Resources NL has discovered a fourth high-grade core zone at its Lady Julie North 4 deposit, signaling significant underground potential and resource expansion within the Laverton Project. Ongoing drilling and a recent $35 million capital raise underpin an aggressive push to grow the gold resource beyond 1.94 million ounces.

Magnetic Resources NL confirms a highly economic 9-year gold mining project at Lady Julie with a pre-tax NPV of A$970 million and strong funding momentum. The project is poised for construction readiness following key approvals and a successful $35 million placement.

Magnetic Resources NL reported a strong cash position after raising $35 million in equity during the September quarter, ending with nearly $38 million in cash reserves.

Magnetic Resources NL has secured all necessary mining leases for its Lady Julie Gold Project, marking a critical step towards production. Supported by a robust feasibility study and a recent resource upgrade, the project is now development-ready.

Magnetic Resources has raised A$35 million through a placement to fund key development stages of its Lady Julie Gold Project, signalling strong investor confidence in the company’s growth prospects.

Magnetic Resources NL has achieved a key milestone with the granting of a mining lease over its flagship Lady Julie North 4 deposit, supported by a feasibility study confirming robust economics and over one million ounces of gold production.

Magnetic Resources NL’s Feasibility Study confirms a robust standalone development for its Lady Julie Gold Project in Western Australia, projecting over 1 million ounces of gold production across nine years with strong financial returns.

Magnetic Resources NL has reported a significant 22% increase in gold resources at its Lady Julie Gold Project, now containing over 2.14 million ounces, while securing a key Native Title Agreement that clears the path for mining leases and development.

Magnetic Resources NL has announced a significant 22% increase in the Lady Julie Gold Project resource, now totaling 2.14 million ounces, boosting the overall Laverton region resource to 2.32 million ounces. This upgrade reflects enhanced confidence in mineral continuity and advances the project closer to development.

Magnetic Resources NL has significantly increased its Lady Julie Gold Project resource to 2.14 million ounces, underpinning robust project economics and setting the stage for a Definitive Feasibility Study due in Q2 2025.