Magnetic Resources (ASX: MAU) has put together a world class team, including ex-Fortescue Metals Group executive Gavin Fletcher and John Blanning, to expedite exploration at the company’s Ragged Rock Project in Western Australia.
The Fletcher and Banning group of investors have also invested in the company via a placement of shares.
Investors will get an insight into progress being made on this and the company’s other iron ore projects in the region at the "Stars in 2013" Investor Forum in Sydney on Wednesday 8th May.
CLICK HERE TO REGISTER FOR FREE.
Fletcher, ex-principal process engineer for Fortescue Metals Group (ASX: FMG), recently joined Magnetic as part of a group of iron ore project experienced personnel that approached the company to work on the Ragged Rock Project and commit to a A$1 million investment.
Magnetic now has access to significant experience in the identification, definition and processing of iron ore, along with the necessary mining experience to commercialise any resource.
At Ragged Rock, a total of 12 magnetic targets have been identified over a cumulative strike of 41 kilometres within 15 kilometres of the rail infrastructure to Albany, with likely port access.
Initial field trips identified outcropping, very coarse grained magnetite at eight of the targets, of which six have been subjected to industry standard Davis Tube Recovery (DTR) test work.
The DTR results indicate a good grade, low impurity product can be achieved.
Start time: 6.00pm - Please arrive by 5:45pm.
Date: Wednesday 8th May 2013
Place: Radisson Blu Hotel - Cnr Pitt & O'Connell Street
Four exciting companies are presenting with three Lucky Door Prizes, which is then followed by a wine and canapé reception where you can personally interact with the presenting MD's & CEOs.
The event is FREE to attend but make sure you REGISTER today as the seats are filling quickly already.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.