Magnetic Resources NL Stock

Magnetic Resources NL is an Australia-based mineral exploration company. It is focused on gold exploration in a gold belt in Laverton. Its projects include Lady Julie Project, Hawks Nest Project, Homeward Bound South Project and Julimar Lookalike. The Lady Julie Project consists of approximately 11.4 square kilometers (km2) of tenements. The area covering the Lady Julie and HN9 Projects is endowed with gold mineralization. The Lady Julie tenements are mineralized with 217 gold intercepts, 34 greater than 2g/t, 20 greater than 3g/t and 13 greater than 4g/t. The Homeward Bound South Project consists of approximately 14km2 tenements comprised of eight granted prospecting licenses covering a five kilometers (km) strike length of the Federation Shear Zone situated 40 km east of Leonora. The Julimar Lookalike assets are 90 km north-east of the Julimar high grade palladium-rich Ni-Cu-PGE sulphides at Julimar and 60 km NE of Perth. The area itself is a total of approximately 195 km2.