Magnetic Resources (ASX:MAU) Identifies New 42km Iron Ore Target, Extending Total Targets To 254km

  Perth, Australia, April 8, 2010 - (ABN Newswire) - Magnetic Resources (ASX:MAU) has applied for an exploration licence covering a substantial magnetic anomaly north of the Tallering Peak iron ore operation. The new tenement (called the Malara project) is situated 50km north of Tallering Peak some 210km by road from the port of Geraldton and forms part of Magnetic's search for iron ore close to existing infrastructure.  

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