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.