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Magnetic Resources to take advantage of 12-month highs

The halt will remain in place until Tuesday 29th August 2017.
Magnetic Resources to take advantage of 12-month highs
More than 25 ounces of large gold nuggets were recovered at Mertondale

Magnetic Resources NL's (ASX:MAU) shares hit $0.14 yesterday, which is a fresh 12-month high for the company.

The positive re-rating has come after the discovery of large gold nuggets at Mertondale, and the company's other gold potential targets.

Magnetic is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 29th August 2017, or earlier if an announcement is made to the market.

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