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An update from Magnetic Resources NL ( (AU:MAU) ) is now available.
Magnetic Resources NL has announced a highly promising 9-year standalone gold mining project with a production capacity of 1.02 million ounces and an average annual output of 140,000 ounces. The project boasts a pre-tax NPV of A$970 million and an IRR of 45% at a gold price of A$4,000 per ounce, with potential increases at higher prices. The company has secured a Native Title Agreement and completed a $35 million capital raising to support ongoing drilling and feasibility studies. Magnetic Resources is also in discussions with potential mining partners and financiers to further advance the Lady Julie Gold Project.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$3.98 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
More about Magnetic Resources NL
Magnetic Resources NL is a mining company operating in the Laverton region, focusing primarily on gold production. The company has several mining licenses and projects in the area, including Hawks Nest, Lady Julie, and Mt Jumbo, with a significant focus on the Lady Julie Gold Project.
Average Trading Volume: 349,495
Technical Sentiment Signal: Buy
Current Market Cap: A$395.7M
For detailed information about MAU stock, go to TipRanks’ Stock Analysis page.