Magnetic Resources NL (MAU) – $35m Institutional Placement

Argonaut is pleased to have acted as Global Coordinator, Joint Lead Manager and Joint Bookrunner to Magnetic’s A$35 million institutional placement, which received strong support from new and existing domestic and international institutional investors.

Proceeds will fund feasibility study optimisation, infill and extensional drilling, early site works, and key contractor hires at the Lady Julie Gold Project in Laverton, alongside flexibility to purchase long-lead items and for general working capital.

Congratulations to Managing Director, George Sakalidis, and the entire Magnetic Resources team on this important milestone. Argonaut’s Corporate Finance team was led by Edward Rigg, Kaiden Gilbert, Rob Telford, Max Carter-Mazak, and Alex Ridley with ECM syndication led by Chris Wippl.