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Magnetic Resources Nl

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uuid003jqrp

Namestring
Magnetic Resources Nl
Legal namestring
Magnetic Resources NL
Websiteurl
magres.com.au
Company typeenum
Public
Founded yearint
2006
Descriptiontext

Magnetic Resources NL is an Australian pre-production gold developer that advanced the Lady Julie Gold Project in the Laverton gold province of Western Australia, a tier-1 mining jurisdiction with cumulative production exceeding 30 Moz. The company's core asset is a 2.24 Moz Au resource at 1.78 g/t across 39.1 Mt, comprising the flagship Lady Julie North 4 deposit (34.6 Mt at 1.8 g/t for 2.03 Moz), Lady Julie Central, and Hawks Nest 9. Supporting exploration projects include the 12km Chatterbox Shear Zone corridor, Homeward Bound South along the Federation Shear, and the 509 km² Julimar Lookalike tenement package in the West Yilgarn Ni-Cu-PGE Province.

Technically, the company executed an intensive exploration program totalling 188,111 metres of drilling across 2,575 holes at an $11 per ounce discovery cost and delivered an updated Definitive Feasibility Study in July 2025. The DFS defines a 9-year open-pit life of mine producing an average of 122,000 oz/year (1.095 Moz total) through a 2.75 Mt nameplate plant at 91.9% metallurgical recovery, with A$375 million pre-production capex, A$1,908/oz all-in sustaining cost, 45% pre-tax IRR, A$970 million pre-tax NPV, A$2,231 million LOM EBITDA, and a 2.5-year payback. Strategic positioning benefits from proximity — approximately 20 km — to Genesis Minerals' existing Laverton processing facility, which materially de-risks development.

The business model is a junior-to-mid-tier gold development model monetised through either production or M&A exit rather than through current revenue. The company has no commercial mining revenue to date (A$5.2 million cash on hand at 29 May 2023). In February 2026, Genesis Minerals Limited (ASX:GMD) announced a binding Scheme Implementation Deed to acquire Magnetic Resources for approximately A$639-640 million at A$2.00 per share (A$1.40 cash plus 0.0873 Genesis shares), a 35% premium, with completion expected in June 2026. Hamilton Locke served as legal adviser. The company website now redirects to Genesis Minerals, reflecting the completed exit.

Short descriptiontext

Magnetic Resources NL is a pre-production mid-tier gold developer focused on the Lady Julie Gold Project in the Laverton region of Western Australia, holding 2.24 Moz of resources. The company was acquired by Genesis Minerals for approximately A$640 million in 2026.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersPerth, Australia
HQ citystring
Perth
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
gold exploration, gold mining, mineral resources, resource development, feasibility studies
Industry4 codes
1Precious Metals Exploration & Project Development
CodeIMAKAEAIPrimaryYes
2Exploration & Resource Development (Critical Minerals)
CodeIMAKAFALPrimaryNo
3Platinum Group Metals (PGM) Mining
CodeIMAKAEACPrimaryNo
4Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling)
CodeIMAKAKAAPrimaryNo
NAICS code3 codes
  • Gold Ore and Silver Ore Mining21222
  • Metal Ore Mining2122
  • Copper, Nickel, Lead, and Zinc Mining212230
SIC code3 codes
  • Gold And Silver Ores1040
  • Metal Mining1000
  • Miscellaneous Metal Ores1090
Product category
Gold Mining and Mineral Resource Development
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Supply Chain, Personnel, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Magnetic Resources NL is a pre-production gold developer focused on the exploration, resource definition, and feasibility-stage development of mineral assets in Western Australia. Its core offering is the Lady Julie Gold Project in Laverton, comprising three deposits (Lady Julie Central, Lady Julie North 4, Hawks Nest 9) with a combined 39.1Mt @1.78g/t Au resource for 2.24 Moz, supported by additional exploration projects including the Julimar Lookalike Ni-Cu-PGE tenements.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 9-year Life of Mine with 122,000oz p.a. average production
+3 more records
Product overview1 text field

Magnetic Resources NL is a mid-tier gold developer offering a portfolio of gold exploration and development assets centered on the Lady Julie Gold Project in Laverton, Western Australia. The company's primary product is the Lady Julie Gold Project, a combination of three key gold assets: Lady Julie North 4 (the flagship high-grade deposit comprising 91% of total ounces), Lady Julie Central, and Hawks Nest 9, with a combined resource of 39.1Mt at 1.78g/t Au for 2.24 Moz. Supporting exploration projects include the Chatterbox Shear Zone, Homeward Bound South, and Julimar Lookalike. The company was acquired by Genesis Minerals Limited in 2026 for approximately AUD 640 million.

Product and service2 records
1Lady Julie Gold Project
CategoryGold development project
Description

Primary gold development project in Laverton, Western Australia comprising Lady Julie Central, Lady Julie North 4, and Hawks Nest 9 assets with total resource of 39.1Mt at 1.78g/t Au for 2.24 Moz. The project is the company's flagship asset, being advanced toward production.

2Lady Julie North 4
Scale indicator19 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Hamilton Locke
Strategic tierSupportingTypeImplementation/ SI/ Consulting PartnerAnnounced on2026-02-15
Description

Hamilton Locke served as legal adviser to Magnetic Resources on the AUD 639 million acquisition transaction by Genesis Minerals Limited. The deal was structured as a scheme of arrangement with cash and scrip consideration.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Magnetic Resources Nl

Gold Mining and Mineral Resource Developmentmagres.com.au

Magnetic Resources NL is a pre-production mid-tier gold developer focused on the Lady Julie Gold Project in the Laverton region of Western Australia, holding 2.24 Moz of resources. The company was acquired by Genesis Minerals for approximately A$640 million in 2026.

What Magnetic Resources Nl does

Magnetic Resources NL is an Australian pre-production gold developer that advanced the Lady Julie Gold Project in the Laverton gold province of Western Australia, a tier-1 mining jurisdiction with cumulative production exceeding 30 Moz. The company's core asset is a 2.24 Moz Au resource at 1.78 g/t across 39.1 Mt, comprising the flagship Lady Julie North 4 deposit (34.6 Mt at 1.8 g/t for 2.03 Moz), Lady Julie Central, and Hawks Nest 9. Supporting exploration projects include the 12km Chatterbox Shear Zone corridor, Homeward Bound South along the Federation Shear, and the 509 km² Julimar Lookalike tenement package in the West Yilgarn Ni-Cu-PGE Province.

Technically, the company executed an intensive exploration program totalling 188,111 metres of drilling across 2,575 holes at an $11 per ounce discovery cost and delivered an updated Definitive Feasibility Study in July 2025. The DFS defines a 9-year open-pit life of mine producing an average of 122,000 oz/year (1.095 Moz total) through a 2.75 Mt nameplate plant at 91.9% metallurgical recovery, with A$375 million pre-production capex, A$1,908/oz all-in sustaining cost, 45% pre-tax IRR, A$970 million pre-tax NPV, A$2,231 million LOM EBITDA, and a 2.5-year payback. Strategic positioning benefits from proximity — approximately 20 km — to Genesis Minerals' existing Laverton processing facility, which materially de-risks development.

The business model is a junior-to-mid-tier gold development model monetised through either production or M&A exit rather than through current revenue. The company has no commercial mining revenue to date (A$5.2 million cash on hand at 29 May 2023). In February 2026, Genesis Minerals Limited (ASX:GMD) announced a binding Scheme Implementation Deed to acquire Magnetic Resources for approximately A$639-640 million at A$2.00 per share (A$1.40 cash plus 0.0873 Genesis shares), a 35% premium, with completion expected in June 2026. Hamilton Locke served as legal adviser. The company website now redirects to Genesis Minerals, reflecting the completed exit.

Magnetic Resources Nl firmographics

Firmographics
Name
Magnetic Resources Nl
Legal name
Magnetic Resources NL
Website
https://magres.com.au
Company type
Public
Founded year
2006
Operating status
Acquired
Headcount range
1–10 employees
Short description
Magnetic Resources NL is a pre-production mid-tier gold developer focused on the Lady Julie Gold Project in the Laverton region of Western Australia, holding 2.24 Moz of resources. The company was acquired by Genesis Minerals for approximately A$640 million in 2026.
Ownership category
akta.pro rank

Magnetic Resources Nl industry classification

Industry
Product category
Gold Mining and Mineral Resource Development
NAICS
Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122), Copper, Nickel, Lead, and Zinc Mining (212230)
SIC
Gold And Silver Ores (1040), Metal Mining (1000), Miscellaneous Metal Ores (1090)
akta.pro primary industry
Precious Metals Exploration & Project Development (IMAKAEAI)
akta.pro secondary industries
Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Platinum Group Metals (PGM) Mining (IMAKAEAC), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

  • Gold exploration
  • Gold mining
  • Mineral resources
  • Resource development
  • Feasibility studies

Where Magnetic Resources Nl is headquartered

Location

Headquarters

HQ city
Perth
HQ country
Australia
HQ region
Oceania

Offices2 records

Markets served

Magnetic Resources Nl business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Marketing or Sales, Others

Distribution channels1 record

Marketing channels6 records

Magnetic Resources Nl product offering

Product offering

Core offering

Magnetic Resources NL is a pre-production gold developer focused on the exploration, resource definition, and feasibility-stage development of mineral assets in Western Australia. Its core offering is the Lady Julie Gold Project in Laverton, comprising three deposits (Lady Julie Central, Lady Julie North 4, Hawks Nest 9) with a combined 39.1Mt @1.78g/t Au resource for 2.24 Moz, supported by additional exploration projects including the Julimar Lookalike Ni-Cu-PGE tenements.

Product overview

Magnetic Resources NL is a mid-tier gold developer offering a portfolio of gold exploration and development assets centered on the Lady Julie Gold Project in Laverton, Western Australia. The company's primary product is the Lady Julie Gold Project, a combination of three key gold assets: Lady Julie North 4 (the flagship high-grade deposit comprising 91% of total ounces), Lady Julie Central, and Hawks Nest 9, with a combined resource of 39.1Mt at 1.78g/t Au for 2.24 Moz. Supporting exploration projects include the Chatterbox Shear Zone, Homeward Bound South, and Julimar Lookalike. The company was acquired by Genesis Minerals Limited in 2026 for approximately AUD 640 million.

Differentiator

Problem solved

Functional benefit

Products and services

  • Lady Julie Gold Project Primary gold development project in Laverton, Western Australia comprising Lady Julie Central, Lady Julie North 4, and Hawks Nest 9 assets with total resource of 39.1Mt at 1.78g/t Au for 2.24 Moz. The project is the company's flagship asset, being advanced toward production.
  • Lady Julie North 4

Quantifiable outcome

  • 9-year Life of Mine with 122,000oz p.a. average production
  • +3 more outcomes

Companies that use Magnetic Resources Nl

Customer profile

Ideal customer profiles2 records

Magnetic Resources Nl technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Magnetic Resources Nl partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Hamilton LockesupportingImplementation/ SI/ Consulting Partner · 15 February 2026Hamilton Locke served as legal adviser to Magnetic Resources on the AUD 639 million acquisition transaction by Genesis Minerals Limited. The deal was structured as a scheme of arrangement with cash and scrip consideration.

Scale indicators19 records

Recent moves5 records

Expansion highlights4 records

Magnetic Resources Nl competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Magnetic Resources Nl social profiles

Digital presence

Magnetic Resources Nl financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Magnetic Resources Nl leadership team

Management profile

Number of profiles

Profiles4 records

Magnetic Resources Nl funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Magnetic Resources Nl M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magnetic Resources Nl

What does Magnetic Resources Nl do?

Magnetic Resources NL is a pre-production gold developer focused on the exploration, resource definition, and feasibility-stage development of mineral assets in Western Australia. Its core offering is the Lady Julie Gold Project in Laverton, comprising three deposits (Lady Julie Central, Lady Julie North 4, Hawks Nest 9) with a combined 39.1Mt @1.78g/t Au resource for 2.24 Moz, supported by additional exploration projects including the Julimar Lookalike Ni-Cu-PGE tenements.

Is Magnetic Resources Nl a public or private company?

Magnetic Resources Nl is a public company. It is classified as public and is currently acquired.

When was Magnetic Resources Nl founded?

Magnetic Resources Nl was founded in 2006. It employs 1 to 10 people.

Where is Magnetic Resources Nl based?

Magnetic Resources Nl is headquartered in Perth, Australia, in the Oceania region.

Does Magnetic Resources Nl have an API?

No public API is recorded for Magnetic Resources Nl.

What industry is Magnetic Resources Nl in?

Magnetic Resources Nl's product category is Gold Mining and Mineral Resource Development. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 21222 and its SIC code is 1040.

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Live signals
KalkineGenesis Minerals Completes Acquisition of Magnetic Resources as Scheme of Arrangement ImplementedGenesis Minerals completed its acquisition of 100% of Magnetic Resources NL on 22 June 2026, with all shares transferred and consideration paid. The scheme involved approximately A$445 million in cash and 28 million new Genesis shares, and Magnetic is expected to be delisted from the ASX on 23 June 2026.MarketScreenerGenesis Minerals Limited entered into a binding Scheme Implementation Deed to acquire Magnetic Resources NL for approximately AUD 640 million.Genesis Minerals Limited, an Australia-based gold exploration and mine development company, has entered into a binding Scheme Implementation Deed to acquire Magnetic Resources NL for approximately AUD 640 million. The acquisition will expand Genesis Minerals' portfolio of gold assets in Western Australia's Eastern Goldfields and Murchison District regions. The transaction is structured as a scheme of arrangement and remains subject to regulatory and shareholder approvals.Discovery AlertASX Gold Stock Acquisitions: 2026 M&A OpportunitiesThe article discusses the ongoing consolidation and acquisition activity within Australia's gold sector, driven by favorable market conditions such as high gold prices and abundant capital. Major transactions, such as Genesis's acquisition of Magnetic Resources, exemplify regional clustering strategies and the importance of resource quality and infrastructure in valuation. The report highlights key companies, valuation methods, and strategic factors influencing gold M&A, with an outlook for continued sector consolidation.HamiltonlockeHamilton Locke advises Magnetic Resources on $639 million acquisition by Genesis MineralsGenesis Minerals Limited (ASX:GMD) has agreed to acquire Magnetic Resources NL (ASX:MAU) for approximately $639 million through a scheme of arrangement, combining cash and scrip consideration with a mix and match facility allowing shareholders to customize their payment preferences. Hamilton Locke served as legal adviser to Magnetic Resources on the transaction, with the deal representing a significant consolidation in the Australian gold mining sector. The mix and match structure accommodates varying views on gold price forecasts, tax treatment for foreign shareholders, and individual investment horizons.Discovery AlertGenesis Minerals Takeover of Magnetic Resources DealGenesis Minerals has agreed to acquire Magnetic Resources in a $639 million deal, offering shareholders $2.00 per share comprising $1.40 cash and 0.0873 Genesis shares, representing a 35% premium to recent trading levels, with expected completion in June 2026 pending regulatory approvals. The strategic rationale centers on the Lady Julie gold project's proximity to Genesis's existing Laverton processing facility, approximately 20 kilometres away, enabling immediate operational synergies through shared infrastructure. The combined entity will control approximately 2.2 million ounces of gold resources at 1.8 grams per tonne, positioning the enlarged company as a consolidator in Western Australia's Laverton gold district.Australian MiningGenesis snaps up Magnetic ResourcesGenesis Minerals has announced a $639 million acquisition of Magnetic Resources through a court-approved scheme of arrangement, gaining control of the Lady Julie gold project hosting approximately 2.2 million ounces at 1.8g/t gold. Magnetic shareholders will receive $1.40 cash plus 0.0873 Genesis shares per share, representing a $2 per share value with premiums of up to 35% to recent trading levels. The deal, expected to close in June 2026 pending regulatory and shareholder approvals, positions the combined entity to leverage existing Laverton processing infrastructure and achieve cost synergies through an integrated open-pit development.