Proactive Investors - Run By Investors For Investors

Magnetic Resources to discuss Ragged Rock iron potential at “Stars in 2013”

Magnetic Resources will present to investors at the "Stars in 2013" Investor Forum in Sydney on Wednesday 8th May, and will be discussing the company's key Ragged Rock iron ore project in the wheatbelt of south Western Australia. Gavin Fletcher and John Blanning are renowned for recognising commerciality of iron ore deposits. Attendance is free but registrations are essential as seats are limited.
Magnetic Resources to discuss Ragged Rock iron potential at “Stars in 2013”

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.


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.

View full MAU profile View Profile

Magnetic Resources NL Timeline

Related Articles

June 18 2019
The company has been conducting a strategic review of its portfolio alongside the formation of a revised board of directors
A drill rig
January 16 2019
Sophisticated investors have served up $15 million for the drilling effort.
Brine pools
May 09 2019
The group has four divisions: mineral extraction, wastewater purification, energy storage and conventional mining

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use