News for Magnetic Resources NL (MAU.AX)

The ASX200 closed up 1.23% at 8,520 points as the market bounced back to near record territory and finished at an all-time closing high.

Shane Oliver, Chief Economist at AMP says 2025 is likely to see positive returns, but after the surprising calm of 2024, it’s likely to be far more volatile and more constrained.

Magnetic Resources NL has run metallurgical test work across its Lady Julie North 4 project in Western Australia

There has been carnage as the ASX200 dropped nearly 3% today, and the bourse is down 5% total in the worst two days in two years. Mounting fears of a US recession have sparked nervousness, and the Australian market has followed Wall Street lower.

Magnetic Resources NL has seen its Lady Julie North 4 deposit in Western Australia grow by around 57% through recent drilling work.

Magnetic Resources has picked up several strong intersections grading above 4 grams per tonne of gold, as well as a 650 metre long zone.

The ASX200 closed up 0.4 per cent. Industrials & IT sectors led, both gaining more than a per cent, while Energy weighed on the market, dropping well over 1.1 per cent.

Magnetic Resources (ASX:MAU) has increased the MRE by 107 per cent across its deposits in the Laverton and Homeward Bound areas of WA.

The ASX has fallen 1.1%, despite a mini gold rush and a major Greentech Metals climb of +165% on news of stunning copper assays.

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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

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Closing Bell: Tech pushes ASX to another positive day