MAU 4.02% $1.17 magnetic resources nl

Ann: Mertondale gold in laterite, page-5

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  1. 613 Posts.
    lightbulb Created with Sketch. 39
    Gold nuggets at surface at Metondale. There's a few others in Australia ie Purdys reward (ARV/TSX-NVO Karratha gold) Commet well (TSX-NVO) Egina (DEG) which could be part of a big picture looking for the concentrations in earth that's about 3 Billion years old ie Wits Watersrand South Africa but Australia might be even bigger and bigger gold nuggets with Mertondale deposit by far the largest of all.
    I like the Tribute agreement with the local pastoralist and aero magnetic mapping to scoop up 500 tons and reinstate the land afterwards retaining 85% of the gold when it gets sent away for processing.
    If it turns out good and there's plenty more and elsewhere where it come from it would be a great way to generate income without having to issue to many new shares as MAU doesn't have to many shares on the registry.
    Might be a good idea to employ some local Aboriginals and arm them with a GPS this upcoming rainy season as they are renown for spotting the gold nuggets exposed at surface after heavy rain.
    Early days but very interesting.
 
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