Magnetic Resources NLASX: MAU

New land acquired at Mertondale East

· Issued by Magnetic Resources NL

Filed with ASX · · 6 pages · English

The Mertondale East tenement (E37/1177) has been purchased for $40,000 from a Leonora Prospector which covers the direct southern extension of the large gold nugget patch where over 25ozs have been found. This area has been recently worked (labelled as current work site in Figure 3) and some of the large nuggets are shown in Figure 1. A large adjacent Historical patch had reports of similar large

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