Magnetic Resources Nl

MAU.ASX

Materials

Exploration for gold and iron ore.

Market Data

Price

$1.955

+0.0%

Market Cap

$576.1M

P/E Ratio

-100000.0x

EPS

$-0.045

Div. Yield

0.00%

52-Week Change

+0.2%

Recent Announcements

16 Feb 2026 Sph Neutral

Becoming a substantial holder from GMD

GMD became a substantial holder.

16 Feb 2026 Guidance Positive

GMD: GMD bolsters prod.outlook with rec. offer for Magnetic

Genesis Minerals announced a recommended acquisition of Magnetic Resources for A$639M fully diluted, offering Magnetic shareholders A$2.00 per share (70% cash, 30% scrip) representing a 25% premium to last close. The deal adds Magnetic's Lady Julie Gold Project with 2.2Moz of high-grade resources adjacent to Genesis's existing Laverton operations, creating significant synergies and expanding Genesis's combined Laverton resources to 8.4Moz. Key points: Strong operational performance - January 2026 gold production of 23koz with record monthly mill throughput at Laverton of 292kt; Robust balance sheet with A$465M cash and equivalents at January 31, plus A$225M undrawn credit facility providing A$690M total liquidity; Strategic acquisition adds 2.2Moz high-grade Lady Julie Gold Project (1.8g/t) adjacent to existing Laverton operations creating synergies

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