Magnetic Resources (ASX:MAU) achieved high recovery rates from recent metallurgical testing of samples sourced from the Lady Julie North deposit in Western Australia, according to a Thursday filing with the Australian bourse.

Testing averaged a 91% recovery rate from seven composites, the filing said. Five were tested via a conventional gravity/leaching process. An additional flotation and fine grind of float cons were also done to two of the composite samples.

The company's shares fell past 4% in recent Friday trade.

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