Magnetic Resources Retracts Production Target for Western Australia Gold Project Processing Plant

MT Newswires Live

01/20

Magnetic Resources NL (ASX:MAU) retracted a production target regarding the processing plant design capacity at its Lady Julie gold project in Western Australia, according to a Monday Australian bourse filing.

It had said in an earlier filing that the processing plant design capacity was being boosted to 2.8 million tonnes per annum to treat a combined open pit and underground mine feed. This production target was retracted.

Its shares fell almost 1% in recent trading on Monday.

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