Magnetic Resources is focused on Gold Exploration in a world class gold belt in Laverton. This region is home to some of the largest gold discoveries in Western Australia.
Magnetic have a significant land holding of 261km2 in this well endowed region. These 100% owned tenements are within 10-15kms of Dacian and Goldfields, both of whom have processing facilities which are not operating at full capacity. The company strategy is prioritised towards looking for the next multi-million ounce deposit in the Laverton region. All of our assets Hawks Nest, Lady Julie and Homeward Bound, have been developed by utilising the skills and experience of the key members of the exploration team, in particular the Managing Director, George Sakalidis. George, a Geophysicist by trade, has made a number of significant discoveries in his career including the Three Rivers and Rose gold deposits, the Dongara Mineral Sands Deposits and the Boonanarring-Gingin South-Helene Mineral Sands Deposits in Western Australia.
By focusing on the company key strengths, utilising ground magnetics and soil geochemistry, the exploration progam has been able to identify these areas of interests and complete an extensive shallow drilling program of 723 RC holes of 39,740m to an average depth of 52m from surface.