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)
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$3,100 for First Time

The gold price reached yet another record high on Monday (March 31), breaking US$3,100 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In morning trading on Monday it surged past the US$3,100 mark, climbing as high as US$3,124.96.

Monday's rise precedes US President Donald Trump's planned retaliatory tariffs, which are set to come into effect on Wednesday (April 2). The new round is aimed at countries that have placed tariffs on US goods.

Keep reading...Show less

Freeport Provides First-Quarter 2025 Operational Update

  • First-quarter 2025 copper and gold production approximated expectations
  • Timing of shipments in Indonesia impacted first-quarter 2025 gold sales
  • No material impact expected on annual consolidated sales guidance
  • Realized first quarter 2025 prices for copper reflect higher prices on U.S. sales

Freeport (NYSE: FCX) today provided an update on its first-quarter operating results.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Blue Lagoon Continues to Strengthen Treasury to Fund Final Preparations of Mine Site and Initial Working Capital to Fund Commencement of Production

Blue Lagoon Continues to Strengthen Treasury to Fund Final Preparations of Mine Site and Initial Working Capital to Fund Commencement of Production

(TheNewswire)

Blue Lagoon Resources Inc.

March 31, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the "Company") (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has closed a third tranche of its previously announced non-brokered private placement (the "Offering"), bringing the total funds raised across the three tranches to $2,646,750 .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×