Magnetic hopes gold resource will attract generous buyer

MAGNETIC Resources now has an official gold resource to shop around to interested third parties after estimating its deposits in the general Laverton region of Western Australia contain just over half-a-million ounces.

Magnetic hopes gold resource will attract generous buyer Magnetic hopes gold resource will attract generous buyer Magnetic hopes gold resource will attract generous buyer Magnetic hopes gold resource will attract generous buyer Magnetic hopes gold resource will attract generous buyer

Gold for sale near Laverton

The estimate of 13.1 million tonnes grading 1.22 grams per tonne for 511,000oz (using an 0.5 grams per tonne cut-off), includes 49% of the ounces being within 50m of the surface and 87% within 100m.