Articles On Magnetic Resources (ASX:MAU)

Assays from diamond drilling have extended a 400m-long ultramafic zone at depth at Magnetic Resources’ LJN4 deposit by 600m within a SE plunge direction Gold hits of up to 25m @ 3.86g/t A new resource study has commenced to increase overa...

Magnetic Resources (ASX:MAU) has expanded the northern zone at its Lady Julie North 4 (LJN4) deposit in Western Australia to more than 600m down-plunge. After several deep drillholes, the company found that the northern zone — which plun...

ASX rises +0.5pc driven by tech, banking, and property sectors This comes as US Fed maintains rates, now plans only one cut in 2024 Aussie unemployment drops to 4pc in May, but analysts predict further rises   Aussie shares rose by +0.5%...

ASX 200 set to open higher on Thursday Wall Street reaches new highs post US inflation data Fed Reserve holds rates, hints at one rate cut in 2024   The ASX 200 is poised to track Wall Street higher when the market opens on Thursday. At 8...

The gold market is travelling well as we close out another Aussie week Spot pricing is heading in the right direction, thanks to weaker dollar, ECB rate cuts and more According to the World Gold Council, gold ETF flows turned positive in M...

The price of gold has dipped back below its soaring level of US$2,400+ But a particularly bullish narrative is forming believes Forbes   ASX gold stocks performing over the past week include: AGC, NMR and NPM   The recent, seemingly unsto...

China, Turkey and India led  ongoing central bank gold buying in April Analysts still see gold continuing higher this year, heading ‘easily’ above US$2,500 Iceni Gold absolutely slays it on the ASX this week with  +200% gain   In the week...

ASX closed higher on Friday as energy stocks lifted Oil prices up as Middle East conflict intensifies US to impose new tariffs on China – covering electric vehicles, batteries, and solar cells    Aussie shares were on the up on Friday, c...

Gold grading up to 4.73g/t intersected at Magnetic Resources Lady Julie project Resource expansion and development progressing after an oversubscribed $12m cap raise Three diamond drill rigs currently spinning at depth at Lady Julie North...

West Australian focused gold explorer Magnetic Resources NL (ASX:MAU) has moved on quickly from an expanded resource estimate and prefeasibility work completed on its Laverton projects in March, to diamond drilling which has picked up deep...

Gold hit a US ATH, then dipped a tad, but not by much. In fact, it’s doing pretty well on the whole… … It’s less volatile than Bitcoin, anyway, which is a good or bad thing depending on outlook Speaking of which, RBC has some fairly cautio...

Magnetic Resources has raised $12m via a very oversubscribed, single-tranche placement The company received strong support from both domestic and international investors Funding will assist with deeper exploration drilling as well as ong...

Local markets end bad week lower  Material sector losses dominate Small Caps led by Pentanet   Local markets have ended about half a per cent lower on Friday after some fairly broad based selling. The S&P/ASX200 closed lower on Friday...

Gold has pulled back from very recent highs after the latest ‘sticky’ US inflation figures But… the price action in general looks pretty solid from where we’re sitting, and so does the TA Leading ASX goldies this week include: BMR, BMO, GS...

  Gold prices have climbed to record highs in recent days, laying a perfect scene for the opulent opening of the 200,000ozpa Bellevue gold mine in WA Bellevue Gold MD Darren Stralow says M&A is not in the miner’s immediate plans, eyein...

Gold hit an all-time high this week, ending Friday in strong form The World Gold Council predicts global elections and Fed cuts could keep the precious metal elevated ASX gold stocks performing well this week included: KNB, SXG, AWJ   Wha...

The ASX200 closed up 0.4 per cent. Industrials & IT led the ranks – both up more than a per cent – while energy weighed on the market, losing well over 1.1 per cent.   What drove industrials? The standout was a company, Wiseway Gr...

The ASX 200 lifted modestly by +0.2% on Thursday as gains in Tech and Industrial stocks were offset by losses in Energy.  Local traders brushed out dovish comments from Fed Chair Jerome Powell last night. Appearing before Congress, Powell r...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. At the time of writing, the benchmark index is up 0.3% to 7,755.8 points. Four ASX shares that are rising more than most today are listed below...

The ASX 200 traded sideways on Tuesday, closing the day flattish as gains in healthcare stocks were offset by losses in other sectors. Source: Market Index  Healthcare gained after the Albanese government approved an increase in private hea...

Magnetic Resources upgrades LJN4 resource by 11% to 948,200oz of contained gold Upgrade is due to successful down-dip drilling Results from deep diamond holes still pending Company focused on completing PFS for the project and further res...

  Local markets started slow before ripping into an all-time intraday high  10 of 11 sectors higher, benchmark closes 0.50pc up Small Caps led by Motio, Cue Energy and Sierra Rutile   Some strong earnings on the last day of February and...

Drilling indicates presence of 550m down-dip extension to Magnetic’s key LJN4 deposit New 40m breccia zone also enlarges the scope as it is open to the east and to the south Blue Cap studies are nearing completion, which could fast-track a...

ANZ analysts believe ’emerging’ central banks could buy over 600t of gold annually until 2030  Citi isn’t totally ruling out a US$3,000 gold price in next 12-18 months US gold mining giant Newmont divests six gold mines and two other gold...

Gold recovers US$2k after weak retail sales data gets thrown into the economic soup in America Moneybags former hedge fund bloke Stanley Druckenmiller is increasing his gold exposure The week’s best performing ASX goldies include: TG1, TGM...

  The price of gold is in a holding pattern, threatening to dip in short term, according to Metals Focus analysis Metals Focus, like Japan’s biggest bank MUFG, however, has a more positive outlook for gold later this year Top-performing AS...

Magnetic Resources (ASX:MAU) increases the MRE by 107 per cent across its deposits in the Laverton and Homeward Bound areas of WA The newly updated MRE across both areas is now 22.7 Mt at 1.69 g/t gold at a 0.5 g/t cut-off for 1.2 millio...

Magnetic Resources (ASX:MAU) has increased the Mineral Resource Estimate (MRE) by 107% at its Laverton and Homeward Bound South projects in Western Australia.  Magnetic Resources Managing Director George Sakalidis says project environmen...

Spot gold prices are up since this time last week, and ASX goldies are benefitting ANZ upgrades its gold outlook for rest of this year, and 2024  The week’s top ASX gold-related stocks led by: TG1 and CPM   First things first, let’s just...

The ASX has ended -0.4% lower, just 2.5 points from 2023 parity Utilities only sector in green Small caps led by 4DX, Infinity and a few Lake Johnston lithium plays   The local market is back to digging its little hole from which it may t...

US, Aussie spot gold prices down this week, but safe haven could soon find demand Canadian gold expert: hyperinflation contagion spreading to US The week’s top ASX goldies: North Stawell Minerals and Nagambie   It wasn’t the greatest week...

New World Gold Council report points to thriving gold industry and long-term demand Meanwhile, gold prices are still healthy but fractionally down from this time last week The week’s top ASX goldie gainers: STK, TIE, ENR   Right then, gol...

Magnetic concludes tenor of mineralisation at Lady Julie gold project increases with depth Key southern core zone carries a tenor of over 100 gram-metres and up to 355 gram-metres Upcoming drill campaign to target depths of at least 400m i...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.   ICYMI Leade...

New report from Metals Focus predicts AI adoption could play a big role in tech sector’s need for gold and other precious metals Gold price momentum slows but still looks technically strong, says analyst The week’s top ASX goldie gainers:...

Benchmark ASX index ends -0.6 lower Utilities only sector in the green Small caps led by LSA, AZS   The ASX200 has closed 42 points (-0.61%) lower on Thursday. May as well get you a pic. I’ll point out the important bits…   ASX200 ON THUR...

The Week That Was The world looks very different this week after the addition of what Barclays economic team calls ‘a complex cocktail of geopolitical risk, mixed macro data, a nervous oil market,’ and a US Fed finding nice things to say ab...

Benchmark ASX index finishes +1% higher ASX Sectors led by Utilities (+4.2%) and all ended higher on the day Funny bunch of small cap winners including MOB, CZR, NGL   The ASX200 doesn’t seem to mind a bit of war on Tuesday, rising very...

ING downgrades Q4 gold price forecasts, but expects prices to move higher again in Q1 “on the assumption that the Fed will start cutting rates” Bloomberg commodities guru Mike McGlone: $US3000/oz may be “rendezvous point” ASX gold stock of...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

China’s property market and depressed yuan has domestic investors flocking to gold Price differences between Shanghai spot gold and the West have gone from a decade average of US$6 to more than US$100 of late De Grey’s DFS is out with a $3...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

Drilling returns 68m at 1.61g/t and 68m at 1.43g/t at Lady Julie North 4 deposit The whole LJN4 deposit is open to the east and deep holes are now scoping out the depth extent down to 550m. Previous deepest hole was 288m. LJN4 is one of th...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

Magnetic Resources (ASX:MAU) has received binding commitments to raise $4.8 million via a placement of 6.66 million new shares at $0.72 per share.  The placement price represents a 10% discount to the company’s last closing price of $0.8...

ASX 200 ends sharply lower on Monday, down 0.67% All Sectors  close in the red, with InfoTech taking the worst of the damage Small caps led by lithium minnows RR1, WC8 and VCM Australian shares have joined most Asian markets in a retre...

Infill drilling returned 80m at 1.24g/t at Lady Julie North 4 deposit LJN4 is one of three deposits that form the Lady Julie project The project has large-scale shallow open-pittable potential MAU is targeting resource growth in the near-t...

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar. Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.   ICYMI Leader...

At $3014/oz, local gold is currently paying near record prices Should these current levels hold, Aussie miners could be looking at another big income bump in FY24 Top ASX Gold Stories of the Week: Southern Cross Gold, Toubani Resources Ou...

Magnetic Resources (ASX:MAU) is planning deeper reverse circulation (RC) and diamond drilling to test extensions at the Lady Julie North 4 (LJN4) deposit in Western Australia.  The $208.51 million market capitalisation company plans to e...