Magnetic Resources Nl

Australian market continued its gains on Tuesday as energy stocks had another strong day. The global markets rallied in the first trading day of this year while the upbeat manufacturing data from the United States, China and India boosted investor confidence over a global recovery in 2010. At the close, the benchmark S&P/ASX200 index surged 48 points, or 1 per cent, at 4924.3, while the broader All Ordinaries index increased 49.7 points, or 1 per cent, to 4939.5.

Magnetic Resources (ASX:MAU) announce a large 4628km detailed aeromagnetic survey employing 100m and 200m line spacings covering 650sq km has been recently completed and a preliminary interpretation has shown up five main Target Areas covering 70km of potential iron formations.

Magnetic Resources (ASX:MAU) provides an update on Uranium and Iron Ore Projects.

Magnetic Resources (ASX:MAU) is pleased to present its September 2009 quarterly activities report.

Magnetic Resources (ASX:MAU) are pleased to announce that the company has reached agreement with a combination of sophisticated and professional investors to place 5,895,000 fully paid shares at an issue price of A$0.165 per fully paid share.

Magnetic Resources (ASX:MAU) Preliminary Davis Tube testwork results on surface samples from the Jubuk magnetite prospect near Corrigin, WA, have been received. The samples used for the preliminary testwork were taken from four discontinuous chip sampling traverses mostly taken across the strike of the outcropping coarse grained, recrystallised Jubuk banded iron formation.

Magnetic Resources (ASX:MAU) is continuing to test gold, iron, nickel and uranium targets on its extensive holdings in the wheatbelt region (southern Yilgarn Craton) of WA. Magnetic has substantially reduced these holdings as it focuses on the most prospective targets and further tenement rationalisation is expected.

Magnetic Resources (ASX:MAU) is continuing to test gold, iron, nickel and uranium targets on its extensive holdings in the wheatbelt region (southern Yilgarn Craton) of WA. Magnetic has substantially reduced these holdings as it focuses on the most prospective targets and further tenement rationalisation is expected.

Magnetic Resources (ASX:MAU) continues to advance exploration on its uranium targets in the southwest region of Western Australia. Additional exploration licences have been applied for at Seabrook, increasing the project area from 100sq km to 318sq km. Magnetic has acquired a new tenement covering a significant area of uranium radiometric anomalism surrounding Lake Harvey about 35km east of Kalannie in the northern wheatbelt.

Based on the encouraging results described below, Magnetic Resources (ASX:MAU) has applied for three additional exploration licences covering prospective lake areas and interpreted extensions of the associated palaeochannels at Seabrook, increasing the Magnetic tenement holdings in the area to about 247sq km.