Magnetic Resources NL (ASX:MAU)
Australia · Delayed Price · Currency is AUD 1.940
-0.020 (-1.02%)
Apr 28, 2026, 4:10 PM AEST
Magnetic Resources NL Earnings Call Transcripts
Fiscal Year 2026
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A takeover by Genesis at AUD 2 per share, with a 70% cash and 30% share split, was unanimously recommended, offering a significant premium and strong shareholder support. The Lady Julie North 4 deposit has grown to two million ounces, with further expansion and operational synergies expected.
Fiscal Year 2025
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A recently completed DFS confirms robust economics for a high-grade gold project, with a $970 million NPV, 45% IRR, and production targeted for mid-2027. Resource growth, strong bank interest, and ESG initiatives support a move to production.