Magnetic Resources NL (ASX:MAU) said that mining leases M38/1315, M38/1317, and M38/1318 covering the Lady Julie North 4 deposit, Lady Julie Central deposit, and the Hawks Nest 9 deposit at the Lady Julie Gold project in Western Australia are approved, according to a Monday filing with the Australian bourse.
The project can now progress towards being "shovel-ready," the filing said.
Shares of the company rose 1% in recent Monday trade.
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