Magnetic Resources

Argonaut PCF Appointed as Debt Advisor for the Lady Julie Gold Project

Magnetic Resources NL (ASX:MAU) (Magnetic or the Company), is pleased to announce the appointment of Argonaut PCF Limited (“Argonaut PCF”) as debt advisor for its 100% owned Lady Julie Gold Project, located ~30km west of Laverton in Western Australia.


Key Highlights

  • Appointment of highly experienced Perth-based corporate advisor, Argonaut PCF, as advisor in relation to Magnetic’s debt strategy for its 100% owned Lady Julie Gold Project
  • Argonaut PCF has a strong background in the gold sector with over 20 years of advice to ASX- listed gold companies
  • Argonaut PCF will support Magnetic to structure and securing financing for the Lady Julie Gold Project
  • In parallel, Magnetic will continue to advance discussions with several corporate parties currently undertaking due diligence in the Company's data room
Perth-based Argonaut PCF is a highly experienced corporate advisory firm with a 20-year history in the metals & mining sector, including extensive experience in Western Australia’s gold sector. Argonaut PCF has strong experience in financial advisory roles for gold sector clients, working with the clients’ core transaction team in optimising the capital and funding structure for successful project execution.

The Company continues to advance discussions with several parties currently in its data room who have shown interest in the Lady Julie Gold project. The Company has also received several unsolicited inbound enquiries from potential financiers.

As a result, Magnetic has engaged Argonaut PCF to support the Company in structuring and securing financing for the Lady Julie Gold Project and supporting Magnetic with key decision making. The appointment is on normal commercial terms for a transaction of this nature.

The strong interest follows the Company releasing a Prefeasibility Study in March 2024 which demonstrated that the Lady Julie Gold Project is one of the highest margins, undeveloped gold projects in Australia. The project’s low-cost profile and strong financial return metrics are primarily driven by the near-surface, high-grade nature of the Lady Julie Central and Lady Julie North 4 deposits. This low-cost profile places the project in the bottom half of the cost curve of gold producers in Australia.


Click here for the full ASX Release

This article includes content from Magnetic Resources NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

MAU:AU
The Conversation (0)
Magnetic Resources NL

Magnetic Resources NL

An Exciting Gold Development Play in Western Australia

An Exciting Gold Development Play in Western Australia Keep Reading...
Dr. Mark Thornton: Gold Ringing Alarm Bells, Silver Setting Up to Skyrocket

Dr. Mark Thornton: Gold Ringing Alarm Bells, Silver Setting Up to Skyrocket

Dr. Mark Thornton, senior fellow at the Mises Institute, discusses the factors that have taken the gold price to all-time highs. In his view, the key driver is government actions like overspending, borrowing and money printing, none of which are likely to abate soon. He also shares his bullish... Keep Reading...
Blyderiver Canyon in the Mpumalanga province of South Africa.

Why South Africa Remains a Hidden Gem for Gold Investors

For more than 150 years, South Africa has stood among the world’s notable gold producers. From the historic Witwatersrand Basin, once the source of a massive share of global gold output, to today’s modern operations, the country’s mining legacy continues to shape the global market. For investors... Keep Reading...
CuFe Sizes Up "High-grade" Bismuth Resource at Tennant Creek Project

CuFe Sizes Up "High-grade" Bismuth Resource at Tennant Creek Project

A recent technical review for CuFe’s (ASX:CUF) bismuth resource at the Tennant Creek project in Australia’s Northern Territory has revealed significant, high-grade findings, according to the company’s managing director, Mark Hancock.“We've updated our Gecko resource already to reflect a... Keep Reading...
5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report a high-grade gold intersection in the first RC hole testing an interpreted NE trending shear zone at the Titan East Prospect, 1.5km west of the Carlow gold-copper resource1. HighlightsFirst Reverse Circulation (RC) drill... Keep Reading...
Patrick Tuohy, gold bars and silver chart.

Patrick Tuohy: Gold's Status Has Changed, Higher Price is Inevitable

Patrick Tuohy, global head of sales and marketing Goldstrom, shares his outlook for gold, saying its position as a store of value has been reestablished.In his view, the yellow metal has found a new price floor at US$3,000 per ounce. Don’t forget to follow us @INN_Resource for real-time... Keep Reading...
Total Metals (TSXV:TT)

TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement

Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) is pleased to announce the closing of its acquisition of the High Lake and West Hawk Lake (the “Projects”) from McFarlane Lake Mining Corporation (“MLM”), as previously announced on September 24, 2025 (the... Keep Reading...

Latest Press Releases

Related News