Gold explorer Magnetic Resources (ASX:MAU) owns the Lady Julie Gold Project located in the heart of WA’s Laverton gold belt, which is well known for producing quality, long life mines. It’s in close proximity to key infrastructure with available processing capacity. There is significant capacity to add value and resources at Lady Julie through additional drilling, with key ore bodies open at depth. This opportunity is now being explored, with a drilling program underway both to increase resources and to upgrade resource categories. Ahead of appearing at the Stocks On Track event, Magnetic Mines’ Founder and Managing Director, George Sakalidis joins Lel Smits on The Stock Network.
1 Current economics of the Lady Julie Project
The currently identified gold resource at the Lady Julie asset makes it a WA-based gold project with impressive economics. What are the key current metrics underpinned its latest PFS, including production and mine life estimates?
2 Lady Julie North 4 the headline prospect
The Lady Julie North 4 prospect within your Lady Julie Project has already identified two shoots. The high-grade northern zone open is still open at depth. What is the value potential from thick mineralised intersections in this northern zone?
3 Lady Julie’s development timeline
What is the current timeline for completion of key development milestones for the Lady Julie Project, including the all-important Decision to Proceed?
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