Magnetic Resources raises A$12M to advance the Lady Julie Gold Project located in the Laverton region, Western Australia.

Argonaut acted as Joint Lead Manager to the Placement of Magnetic Resources NL (ASX: MAU) to enable Magnetic to advance the rapid expansion of the Lady Julie Gold Project and progress commercialisation works.

The Placement was strongly supported from several new and existing professional, sophisticated and institutional investors.

Argonaut is delighted to support Magnetic and looks forward to Magnetic’s ongoing success.

Additional information regarding Magnetic can be found on the Company’s website at https://magres.com.au/