Magnetic Resources (ASX:MAU) is an emerging gold producer focused on developing its high grade Lady Julie project located in the heart of WA’s Laverton
gold belt – an infrastructure rich region already renowned for hosting numerous quality and long life gold mines. The Company is also currently undergoing a feasibility study to improve the economics.
Ahead of appearing at the Stocks On Track event, Magnetic Resources Founder and Managing Director, George Sakalidis joins Lel Smits on The Stock Network.
1. Resource update for Lady Julie Project
Magnetic Resources commenced the year by announcing an updated resource for its flagship Lady Julie North 4 deposit, which is now considered one of the largest, highest-grade, open pit projects in Australia.
Just how much has this deposit grown since you announced a maiden resource in June 2022 and how big is your overall resource base in the renowned Laverton region?
2. Exploration drilling points to growth
The gold price has recently been trading at record highs and I noticed your exploration drilling campaign at Lady Julie North 4 has continued to hit gold. Could we see the resource base at the project grow even further?
3. Economics of the Lady Julie Project
In August you reported impressive results from a pre feasibility study gauging the merits of bringing Lady Julie to production. You are now due to release the outcomes of an updated feasibility study which also incorporates an underground mining scenario. What sort of economic impact are you anticipating from this study and when could we potentially see the project producing gold?
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