Magnetic Resources Nl

Magnetic Resources NL (ASX:MAU) has received the first analytical results from its initial reverse circulation (RC) drilling programme testing the Jubuk Target 1 magnetite prospect near Corrigin in WA.

ABN Newswire stocks to watch today include: AuDAX Resources Ltd (ASX:ADX)(PINK:ADXRF), Bauxite Resources Limited (ASX:BAU)(PINK:BXRDF), Pan Asia Corporation Limited (ASX:PZC), Magnetic Resources NL (ASX:MAU), Benitec Limited (ASX:BLT) (PINK:BNIKF), Rex Minerals Limited (ASX:RXM) and NewSat Limited (ASX:NWT).

Magnetic Resources NL (ASX:MAU) has now completed 60% of a 3,480sq km high resolution aeromagnetic survey of its tenements over multiple target areas in the south west of WA (ASX release 17 February 2010). The aeromagnetic survey comprises about 16,280 line-km of flying on 250m line spacings, in areas where much of the historic aeromagnetic data is based on line spacings of 1,600m. The survey forms part of Magnetic's search for iron ore close to existing infrastructure.

ABN Newswire stocks to watch today include: Magnetic Resources NL (ASX:MAU), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), NewSat Limited (ASX:NWT) (OTC:NWTLY), and AusTex Oil Limited (ASX:AOK) (PINK:ATXDF).

As part of its expanded search for iron ore close to existing infrastructure, Magnetic Resources NL (ASX:MAU) has commenced a 3,480sq km high resolution aeromagnetic survey of its tenements over multiple target areas in the SW of WA (ASX release 22 January 2010). The aeromagnetic survey being carried out by GPX Surveys, will comprise some 16,280 line-km of flying on 250m line-spacings, in areas where much of the historic aeromagnetic data is based on line-spacings of 1,600m.

Magnetic Resources NL (ASX:MAU) are pleased to announce that the company has reached agreement with a combination of sophisticated and professional investors to place 3,700,000 fully paid shares at an issue price of A$0.40 per fully paid share.

Magnetic Resources NL (ASX:MAU) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.

ABN Newswire stocks to watch today include: Atlas Iron Limited (ASX:AGO), Emergent Resources Limited (ASX:EMG), Carbon Energy Limited (ASX:CNX) (PINK:CNXAF), Magnetic Resources NL (ASX:MAU), and Pike River Coal Limited (NZE:PRC) (PINK:PKRRF).

Magnetic Resources NL (ASX:MAU) has significantly expanded its search for iron ore close to existing infrastructure in the south west of Western Australia. Magnetic recently announced additional tenement applications, tripling its landholding in the Jubuk area near Corrigin, following the success of an aeromagnetic survey in identifying iron ore targets in an area of poor existing aeromagnetic coverage.

ABN Newswire stocks to watch today include: Benitec Limited (ASX:BLT)(PINK:BNIKF), Meteoric Resources NL (ASX:MEI), Magnetic Resources NL (ASX:MAU) and Australian Bauxite Limited (ASX:ABZ).