Magnetic Resources NL is an exciting developing gold company, with 100% owned projects in Laverton, WA. This first class global mining jurisdiction has produced over 30Moz.
Lady Julie North 4 deposit is the main resource within the Laverton Project, and contains 23.1Mt at 2.01g/t for 1.49Moz
Significant JORC compliant mineral resource includes 32.6Mt at 1.79g/t Au totalling 1.87Moz of gold at 0.5g/t cutoff split between 1.26Moz indicated and 0.57Moz inferred
We bring our unique exploration and project development expertise, combined with operational excellence, to lead the first tier gold assets into production.
The company is developing a portfolio of significant gold projects, Lady Julie Central, Lady Julie North 4 and Hawks Nest 9 in the established mining province, Laverton region. The high-grade shallow gold deposits and their proximity to infrastructure in the region and existing mining operations create a unique value opportunity for shareholders and investors.
Key competitive advantages:
- Shallow deposits favorable to open pit mining – 49 % are withing 50m depth
- Excellent metallurgical test results – combined gravity/ leach recovery over ~92% for all samples (80% passing 75μm) with low to moderate cyanide and lime reagent consumptions
- Early Works studies are well progressed to cover all required approvals for the submission of Mining Proposal in the end of Q3 23
- Fast track strategy to get to production by utilising existing toll treatment facilities to minimise the capital investment
Prefeasibility results
9 years
Life of Mine
13.6Mt @ 1.76g/t gold for 774koz
Mining Physicals
1.8Mt
Plant Capacity
92.5%
Metallurgical Recovery
720,800oz
Total Production
87,000oz p.a.
Average Production
$982M
EBITDA (LOM)
$547M
NPV (Pre-tax)
$93M
Pre-Production Capital Cost
85%
IRR (pre-tax)
A$1,445/oz
Operating Cost (AISC)
15 months
Payback Period
