April 20 (Reuters) - Magnum Mining and Exploration Ltd MGU.AX :
* BOARD HAS FORGONE ALL PAYMENT OR ACCRUAL OF DIRECTORS FEES SINCE JUNE 2019, TO CONTINUE FOR FORESEEABLE FUTURE
* CO'S SOUTH AFRICAN STAFF ARE CURRENTLY TAKING ACCRUED LEAVE
* ASSESSING ELIGIBILITY FOR GOVERNMENT JOB SUBSIDY SCHEME BEING IMPLEMENTED IN SOUTH AFRICA
* ONSITE OPERATING COSTS REDUCED FOR DURATION OF LOCKDOWN AT SOUTH AFRICA
* CEO HAS WAIVED ALL ACCRUAL OF CONSULTANCY FEES SINCE MAY 2019 AND WILL CONTINUE TO DO SO FOR FORESEEABLE FUTURE