Magnetic Resources NL traded at 1.54 this Thursday February 5th, decreasing 0.08 or 4.64 percent since the previous trading session. Looking back, over the last four weeks, Magnetic Resources NL lost 14.93 percent. Over the last 12 months, its price rose by 30.51 percent. Looking ahead, we forecast Magnetic Resources NL to be priced at 1.56 by the end of this quarter and at 1.47 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magnetic Resources NL is an Australia-based mineral exploration company. The Company is focused on gold exploration in a gold belt in Laverton. The Company owns a portfolio of 100% owned tenements, totaling 261 square kilometers (km2) in the gold mining province of Western Australia, Laverton. Its projects include Lady Julie Central, Lady Julie North, Hawks Nest and Homeward Bound South. Lady Julie Project consists of approximately 11.4 km2 of tenements. The area covering the Lady Julie and HN9 Projects is endowed with gold mineralization. The Lady Julie North 4 deposit is located approximately 2.5km North of the Lady Julie Central deposit. Homeward Bound South Project consists of approximately 14km2 tenements comprised of eight granted prospecting licenses covering a five kilometers (km) strike length of the Federation Shear Zone situated 40 km east of Leonora. The Julimar Lookalike assets are 90 km north-east of the Julimar high grade palladium-rich Ni-Cu-PGE sulphides at Julimar.