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Magnetic Resources NL (ASX:MAU)

ALERT: Price-sensitive ASX Announcement for MAU
Current share price for MAU : $1.850 -0.16 (-7.96%)+
Announcement
Release
5 Mar 2026 8:23AM
Price at Release
$2.010
Full Release
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Summary
The document provides an update on the metallurgical testwork results for the Lady Julie North 4 (LJN4) gold project by Magnetic Resources NL. The testwork focused on optimizing the recovery of gold using various methods, including gravity concentration and cyanide leaching. It presents a positive outlook by highlighting a reduction in capital and operational costs through the substitution of flotation with additional knelson gravity concentrators. The report includes detailed tables of metallurgical results, indicating high recovery rates across different composite samples. These findings support the project's feasibility study that previously established the project as one of the highest margin undeveloped gold projects in Australia.
Key Points
  • Best thick intersection to date of 126m at 2.8g at LJN4.
  • A significant 107% increase of Resource at Laverton Project.
  • Metallurgical results show strong gold recoveries.
  • Substitution of flotation and intensive leaching reduces CAPEX and OPEX.
  • Feasibility study demonstrates high margin potential.
  • Gravity concentration and cyanide leaching are primary methods used.
  • Testwork includes regrinding CIL tails to 20µm.
  • Managing Director George Sakalidis emphasizes reduced cost and execution risk.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.