Magnetic Resources NL Strikes Gold with Major Resource Upgrade

Magnetic Resources NL (AU:MAU) has released an update.

Magnetic Resources NL has reported a significant 57% increase in the Mineral Resource Estimate for Lady Julie North 4 (LJN4), reaching 1.49 million ounces of gold, up from the previous 0.95 million ounces. This substantial upgrade boosts the total project area’s resources to 1.87 million ounces at 1.79 grams per tonne. The company anticipates further increases as exploration continues, particularly in the northern zones and beneath the footwall of the deposit, which remain open at depth.

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