Magnetic Resources Nl
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.
- Company typePublic
- Founded2006
- HeadquartersPerth, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
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
Where Magnetic Resources Nl is headquartered
LocationHeadquarters
- 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 offeringCore 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 profileIdeal customer profiles2 records
Magnetic Resources Nl technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Magnetic Resources Nl partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hamilton LockesupportingHamilton 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 assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Magnetic Resources Nl social profiles
Digital presenceMagnetic Resources Nl financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magnetic Resources Nl leadership team
Management profileNumber of profiles
Profiles4 records
Magnetic Resources Nl funding detail
Funding detailFunding 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 investmentM&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.