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Magnetic Resources Nl

ASX:MAU ISIN:AU000000MAU6

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Magnetic Resources Nl Company Summary

Magnetic Resources NL (ASX:MAU) is an Australia-based company. During the fiscal year ended June 30, 2008 (fiscal 2008), the principal activities of the Company were the exploration of mineral tenements in Western Australia. The Company was incorporated to explore for mineral resources on the package of tenements prospective for gold, nickel and uranium and covering some 6,704 square kilometers of unexplored or underexplored targets, which includes 330 kilometers of interpreted, under-explored greenstone belts. The operations of the Company include Dragon Rocks, Mt Vernon, Dampling Spring, Koonadgin, Rock Dam Hill, Nungarin, Harris, Tampia North and Binti Bore.

DIRECTORS / OFFICERS

Mr George Sakalidis
Managing Director
Mr Sakalidis is an exploration geophysicist with over twenty years experience during which time his career has included extensive gold, diamond, base metal and mineral sand exploration. He, with others, has compiled one of the largest aeromagnetic databases in Australia, which is now held by Image Resources. Using this database, Mr Sakalidis has been involved in a number of discoveries including gold discoveries, such as the Three Rivers deposit and the Rose deposit in Western Australia. Mr Sakalidis was instrumental in the acquisition of the Image Resources exploration tenements and the design and interpretation of the magnetic surveys that led to the discovery of the large mineral sands resources at Magnetic Mineral's Dongara Project. Mr Sakalidis a director of Meteoric Resources NL, and was a founding director of Magnetic Minerals Limited and was previously a director of North Star Resources NL.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 2, 16 Ord Street

		West Perth, WA 6005

		PO Box 1388, West Perth, WA 6872

	Telephone	+61-8-9226-1777

	Fax	+61-8-9485-2840

	Principal Sector	Materials

	Principal Industry	Mining & Metals

	Homepage	www.magres.com.au

Key Developments: Magnetic Resources Nl

	Magnetic Resources Nl (ASX:MAU) Appoints Mr Eric JH Lim as Non-Executive Director AUG 24, 2011 09:44 - Article Views: 623 Magnetic Resources Nl (ASX:MAU) is pleased to advise that Singapore-based private investor, Mr Eric JH Lim, has been appointed as an additional non-executive director of the Company. He currently holds 3,350,000 fully paid ordinary shares via a holding company on his own account and represents a group of Singapore-based investors who hold a significant stake in the Company.

	Magnetic Resources Nl (ASX:MAU) to Commence Direct Shipping Ore Test Work at Wubin Project AUG 18, 2011 09:56 - Article Views: 816 Magnetic Resources Nl (ASX:MAU) is about to commence crushing and screening test work on surface rock samples with the aim of assessing the potential for direct shipping ore-grade material within the Wubin project area north east of Perth. This test work will be followed by ground gravity surveys targeting zones of reduced magnetic response on interpreted banded iron formation horizons which may reflect the presence of hematite-goethite alteration.

	Magnetic Resources Nl (ASX:MAU) Announce Encouraging Metallurgical Results And Bulk Tonnage Potential At Mt Vernon JUNE 23, 2011 10:35 - Article Views: 666 Magnetic Resources Nl (ASX:MAU) is very encouraged by the quality of new Davis Tube test results from Mt Vernon, specifically the low SiO2, Al2O3 and P contents. The testwork of fresh rock samples from drillhole MVRC12 have generated concentrates averaging 67.5%Fe, 1.6%SiO2, 0.77%Al2O3 and 0.02%P. The gangue content, with the majority of sulphides, was removed from the primary feed by the Davis Tube.

	Magnetic Resources Nl (ASX:MAU) Jubuk Gravity Survey Extends Magnetite Target Zone MAY 25, 2011 12:26 - Article Views: 971 As announced previously Magnetic Resources Nl (ASX:MAU) is conducting a detailed gravity survey over its Jubuk magnetite project. The gravity survey is expected to provide greater definition of target zones and to allow prioritisation of target areas for drilling. Preliminary gravity results show numerous strong responses and indicate that the magnetite zone could extend about 600m south of the drilled area, where the magnetic data indicates a narrowing and weakening response.

	Magnetic Resources Nl (ASX:MAU) Expanded Jubuk Magnetite Programme APR 21, 2011 10:05 - Article Views: 1,405 Following the previously reported encouraging drilling and test work results from its 100%- owned Jubuk magnetite project near Corrigin, Magnetic Resources Nl (ASX:MAU) has completed the second stage of the latest reverse circulation drilling programme. The drilling programme was aimed at testing of strike extensions of the prospective coarse-grained magnetite banded iron formation and providing information for a preliminary resource estimate.

	Magnetic Resources NL (ASX:MAU) Jubuk Drilling Extends Strike Length 100% To 4km FEB 28, 2011 10:17 - Article Views: 1,435 Following the previously reported encouraging drilling and test work results from its 100%- owned Jubuk project near Corrigin, Magnetic Resources NL (ASX:MAU) has commenced a two-stage 34-hole reverse circulation drilling programme totalling approximately 4,000m. The drilling programme is aimed at defining an Inferred Resource and testing of strike extensions of the prospective coarse-grained magnetite banded iron formation.

	Magnetic Resources (ASX:MAU) Jubuk Encouragement Spurs Resource Drill Out JAN 19, 2011 10:29 - Article Views: 1,246 Magnetic Resources (ASX:MAU) continues to advance exploration on its wholly owned Jubuk project near Corrigin, WA and on its other southwest iron ore projects.

	Magnetic Resources (ASX:MAU) Updates On Wubin And Jubuk Iron Ore Drilling Programme OCT 1, 2010 14:51 - Article Views: 1,381 Magnetic Resources (ASX:MAU) has continued to advance the exploration within its wholly owned Wubin and Jubuk iron ore projects and two major drilling programmes are planned for the promising Wubin hematite/pisolite and Jubuk magnetite projects totalling 9,000m RC and 2,000m AC.

	Magnetic Resources NL (ASX:MAU) A$1.26m Placement At 45 Cents Acquired By New Private International Investor JULY 21, 2010 10:29 - Article Views: 2,925 Magnetic Resources NL (ASX:MAU) is pleased to advise that Singapore-based private investor, Mr Hian-Siang Chan, has acquired a 5.63% interest in the Company following a private placement of 2,800,000 fully paid ordinary shares at 45 cents per share together with an off-market purchase of 1,000,000 fully paid ordinary shares from Image Resources NL at the same price.

	Magnetic Resources (ASX:MAU) Total Iron Ore Targets Extended To 312km And Significant New Drill Target Recognised At Jubuk JUNE 25, 2010 10:17 - Article Views: 2,559 Magnetic Resources (ASX:MAU) has applied for a further 940km2 of exploration licences, increasing its total tenement holding over iron ore targets in the south west of WA to 6,240km2. The new applications are a result of further detailed analyses of both regional and detailed aeromagnetic surveys flown throughout this region.