About Magnetic Resources
Magnetic Resources (ASX:MAU) is an Australian gold exploration and development company with a portfolio of high-grade gold projects in the Laverton gold region of Western Australia. The company's flagship project is Lady Julie, which hosts a JORC-compliant Mineral Resource of 1.5 million ounces of gold at 2.3 grams per tonne gold. Magnetic Resources is also exploring the Hawks Nest and Homeward Bound South projects, which have the potential to host significant gold deposits. Magnetic Resources' operations consist of exploration and development activities at its various projects. The company's exploration activities involve drilling, geophysics and geological mapping to identify and assess potential gold deposits. The Company's development activities involve conducting feasibility studies, obtaining permits and approvals, and constructing and operating mines.
Snapshot
Operations
Products and/or services of Magnetic Resources
- Lady Julie Gold Project: High-grade shallow gold deposit with a JORC-compliant Mineral Resource of 1.5 million ounces of gold at 2.3 grams per tonne gold.
- Hawks Nest Gold Project: High-potential gold project with multiple drill targets identified.
- Homeward Bound South Gold Project: Large-scale gold project with potential to host a significant gold deposit.
- Exploration for gold in the Laverton gold region of Western Australia: Magnetic Resources has a large tenement portfolio in the Laverton gold region, one of the most prolific gold regions in Australia.
- Development of gold projects into production: Magnetic Resources is focused on advancing its Lady Julie project to production and continuing to explore its other projects for new gold discoveries.
- Gold production: Magnetic Resources aims to become a leading gold producer in the Laverton gold region.
Magnetic Resources executive team
- Mr. George Sakalidis B.Sc., BSc(Hons), MAusimmMD & Director
- Mr. Benjamin Patrick Donovan A.C.I.S., B.Com., B.Comm (Hons)CFO, Company Secretary & Non-Executive Director