Magnetic Resources' Appointment of Argonaut PCF as Debt Advisor

Magnetic Resources Limited (ASX: $MAU) has appointed Argonaut PCF Limited as the debt advisor for its 100% owned Lady Julie Gold Project, situated approximately 30km west of Laverton in Western Australia. The appointment aims to structure and secure financing for the project, leveraging the extensive experience of Argonaut PCF in the gold sector.

Executive Commentary on Appointment of Argonaut PCF

Argonaut PCF's appointment as the debt advisor for the Lady Julie Gold Project marks a significant step in our efforts to optimize the capital and funding structure for the successful execution of the project. Their strong background in the gold sector, particularly in Western Australia, aligns with our strategic goals. We are also encouraged by the ongoing interest from potential financiers and the positive reception of the Prefeasibility Study released in March 2024, which highlighted the project's high margins and low-cost profile.

Summary of Magnetic Resources' Announcement

Magnetic Resources' appointment of Argonaut PCF as the debt advisor for the Lady Julie Gold Project reflects the company's commitment to securing financing and optimizing the project's capital structure. The strong interest from potential financiers and the positive results of the Prefeasibility Study underscore the project's potential as one of the highest margin, undeveloped gold projects in Australia. With ongoing discussions and support from Argonaut PCF, Magnetic Resources aims to advance the Lady Julie Gold Project and capitalize on its low-cost profile, positioning it favorably within the gold producers' cost curve in Australia.