MAU remains active on the exploration front continuing the drill out of its 948koz LJN4 discovery located outside Laverton. A Phase 1 drill program is nearing completion from which we expect drill results to be reported over the coming weeks. MAU remains one of our key gold developer picks which the potential for material resource growth in the next 3-9 months. We maintain our Speculative Buy with a $2.10 Price Target ($2.20 prior).
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