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MAGNETIC RESOURCES NL - ASX: MAU
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Description
Magnetic Resources is a rapidly emerging iron ore play. With geophysics and field work, it has been an early mover in identifying prospective tenements close to WA’s existing rail network. It has now accumulated over 6,300km2 of tenements and estimates that these could contain cumulative targets of more than one billion tonnes of iron ore.
Two projects out of the portfolio currently standout in terms of short term potential. Firstly the Wubin project is only 80km south of an existing Sinosteel mine and has similar ore types on surface. The second is the Jubuk project which comprises coarse crystalline magnetite leading to favourable metallurgical performance and production of a premium concentrate. The potential scale of Magnetic’s projects is already attracting interest from companies wishing to participate in its projects.
Mine For
gold, uranium, iron ore
Location of operation(s)
Western Australia
Address
Level 2, 16 Ord St
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9226 1777
Website
Last Updated
5/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
