Articles On Magnetic Resources (ASX:MAU)

Magnetic Resources (MAU) begins the week in a trading halt in regards to an upcoming capital raisingThe company will remain in the halt until Wednesday, September 7, or when an announcement with further details is released, whichever occurs...

TSX listed Korara Resources finds another massive nugget stash at the Beta Hunt mine near Kalgoorlie The new discovery just below the super-rich, 30,000oz Fathers Day Vein China imported more than 80 tons (or 2.56Moz) of gold worth $US4.4b...

Magnetic has kicked off drilling to follow-up on a tasty 18m at 4.1g/t gold intersection at its Lady Julie North 4 deposit within its Laverton project in WA. The 14 hole reverse circulation program totalling 2,040m is designed to extend the...

EVN’s Jake Klein predicts US$2-US$3,000/oz gold price for this time next year Is a wave of merger and acquisition activity coming in the ASX gold space? Bounce back in vehicle production to boost PGM demand Gold price hits a four-week high...

Gold price hits three-week high post-FOMC rates decision ASX Quarterly Gold Wrap: producers hit a low bar, investors are pleased Gold demand falls in H1 as cost-of-living pressures bite, WGC says Our Gold Digger column wraps all the news...

Gold is down 5% for July and on a broader downward trajectory, Metals Focus says Aeris Resources’ Golden Plateau deposit could extend the mine life at Cracow Golden State Mining has kicked off drilling at the Yule project in WA   Our Gold...

Lady Julie North 4 is already a winner for Magnetic, however new thick intersections topping up at 56m at 2.2g/t gold from a depth of 96m proves that it has more to offer. The intersection in hole MLJRC632 at Lady Julie North 4 includes a h...

The US dollar looks set to reach 20-year highs, impacting gold’s safe haven status JP Morgan employees on trial in Chicago after ‘spoofing trades’ accusations PGM supply through the recycling of auto catalysts has taken a hit ‘cos Covid O...

The ASX 200 is up, the XEC is up solidly   Energy, resources, materials are back in black  US CPI was a tough read, but not fatal   Australian small caps are trading well over 1.5% higher on Thursday afternoon as mining and energy stocks...

The ASX 200 and XEC both down more than 1% It was tech and mining’s fault, and that was probably China’s fault Despite volatility big rises among small names  After some strong gains to close out last week’s upside surprises, both the res...

Magnetic Resources (MAU) begins the week in a trading halt in regards to an upcoming capital raising The company will remain in the halt until Wednesday, July 13, or when more details are released to the market, whichever occurs first On J...

West Australian gold explorer Magnetic Resources was asking investors for an equity injection on Monday morning, while Jefferies runs a strategic review to drum up ownership options for the business.

Raleigh Finlayson’s Genesis Minerals announces $111m all scrip off-market takeover offer for Dacian Gold With talks also between Genesis and St Barbara, juniors in region looking closely at who else may be in Finlayson’s sights We profile...

Dale Alcock-backed explorer Magnetic Resources is rattling the tin for $2 million in a placement to continue exploration and development of its gold projects in the well-endowed Leonora-Laverton region.

Raleigh Finlayson is garnering strong support in his bid to consolidate the Leonora gold district All-scrip $111 million offer for Dacian Gold will combine the Mt Morgans mill with Genesis’ high grade ore feed High-flyers among the backers...

Magnetic has cracked the half million ounce mark after pencilling in maiden resources for its gold deposits in the Laverton and Homeward Bound areas, Western Australia. Its HN9, Lady Julie Central, Lady Julie North 4, Mount Jumbo East and H...

Swiss data shows the highest total January to May bullion shipments since 2018 On a year-to-date basis US gold imports surged by 170% to 103t US also the largest destination for Swiss silver bullion, accounting for ~30% of the total; up fr...

Newmont’s Tom Palmer says gold may have found new floor of ~US$1600/oz in the wake of inflation With small gold miners are struggling with rising supply chain and labour costs, Palmer says consolidation in the sector makes sense Drilling r...

Cazaly has completed infill lag sampling across four anomalous surface geochemical gold targets at the Yabby project just 10km west of Laverton, Western Australia. This program followed up on initial sampling that had identified the four tr...

The Lady Julie North 4 deposit is being tested over a large 800m by 150m area, which is being infill drilled with a program of 17 RC holes for 2,796m. Most of these holes are set to extend the down dip extent of the mineralisation and to t...

1 gram of gold can be recovered from about 41 recycled mobile phones Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards Gold trades sideways at ~$US1,850/oz Our Gold Digger column wraps all the news d...

A second parallel north-west mineralised structure is interpreted only 100m to the south and is being further investigated with three RC holes after intersecting 24m at 2g/t gold from 152m. Infill drilling at Lady Julie Central has also in...

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

Magnetic’s Lady Julie target is looking like the belle of the ball with high-grade drill results continuing to extend a promising thick gold zone. Ongoing infill and extension drilling at Lady Julie 1 (North) has returned results such as 40...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Last year, the price of copper rose 33%, but that was just the entree. Goldman Sachs reckons the red metal will hit a record US$12,000/t over the next month, up from ~$US9,700/t currently. That’s uncomfortably bullish, but even the more mil...

Magnetic is now assessing how best to unlock the riches across its gold projects in Western Australia’s Laverton region following a string of drill successes and clamouring outside interest. The company has initiated a strategic review to a...

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

ASX-listed explorer Magnetic Resources has called in Jefferies, as it mulls its future.

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Magnetic Resources (MAU) intersects thick and high-grade vertical shoots at the Lady Julie gold asset in Western Australia Results come from a recently completed infill and extension drilling program with grades peaking at 7.96 g/t gold I...

Magnetic Resources’ recent infill and extension drill program at Lady Julie has found both thick and high-grade zones starting from surface.  Managing Director George Sakalidis said that with the Australian gold price at near record levels...

Local stocks look set to start the week on a flat note, with futures markets drifting sideways ahead of the opening bell on Monday. It followed another lacklustre session on Wall Street on Friday, where the S&P500 edged lower while the...

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Directors in Magnetic have demonstrated their confidence in the company’s Laverton gold projects by exercising all options worth a total of $1.66m. This was achieved by directors Eric Lim, George Sakalidis and Julien Sanderson exercising al...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Drill rigs are coming at a premium, labs are backed up like a clogged pipe and IPOs are emerging at a rate of knots. There seems little doubt the exploration sector on the ASX is enjoying buoyant conditions, especially those locked behind M...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Magnetic’s reverse circulation drilling has identified a 1km zone of prospective gold mineralisation at the Homeward Bound South project near Laverton. Drilling returned top results of 20m grading 2.98 grams per tonnes (g/t) gold from a dep...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Magnetic Resources has been delivering standout results from its Laverton gold projects, so it stands to reason that the company would seek out funds to accelerate its efforts. While the company’s shares are still in suspension while it wor...

The Australian bourse recouped most of yesterday’s losses despite tech stocks dropping again, this time by 3.49%. The ASX 200 rose 0.78%, closing at 7,411 points, with the gains driven by the resources and energy sectors, which gained 2.3%...

Magnetic Resources (MAU) begins the week in a trading halt while it plans the details of an upcoming capital raising The company will remain in the halt until November 24 or when more details are released, whichever occurs first On Novem...

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Magnetic says these latest intersections are “very encouraging” and a follow-up program of 14 RC holes for 1,720m is being carried out over a 700m strike. Magnetic Resources has hit two thick intersections in recent reverse circulation (RC...