Magnetic Resources (ASX:MAU) Announce Its Quarterly Report Ending 31 March 2009

  Perth, Australia, May 1, 2009 - (ABN Newswire) - Magnetic Resources (ASX:MAU) is continuing to test gold, iron, nickel and uranium targets on its extensive holdings in the wheatbelt (southern Yilgarn Craton) region of WA. Magnetic has substantially reduced these holdings as it focuses on the best targets and further tenement rationalisation is expected. Efforts are being made to farm out a number of projects as this process continues.  

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