MAU has reported an updated MRE for its LJN4 deposit which now totals 1.56Moz at 2.04g/t representing a +56koz increase in contained ounces and lift in indicated status from 74% to 81% of contained ounces. MAU continues to progress towards an expanded production profile at its Lady Julie Project where ongoing Underground Mining Studies are expected to lift the project from 104kozpa to a +150kozpa production profile. Our Price Target of $3.20 remains unchanged with a Speculative Buy maintained.
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