From the most recent quarterly we are looking into opportunities into iron ore, amongst other bulk materials and base metals.
From the most recent quarterly, activities in the mid west, we have moved from exploration to review of assay results with a view to developing a new project.
From quarterlies over the past several years there has been ongoing exploration drilling at Tallering Peak.
Tallering Peak was MGX's first mine where we mined DSO haematite.
Our Tallering Peak tennament also contains a reserve of magnetite, last measured by the previous owners over 20 years ago to be 47.7 Mt at shallow depth along a 4km strike. The strike is located 10km from our old rail siding.
Tallering Peak was our only asset not disposed of to FEX.
Old quarterly reports state MGX's intention to drill to ascertain the magnetite reserve.
Further to all of this, Peter Kerr and John Welborn have been mentioning support for each other, with the latest comment from John Welborn talking about teamwork and FEX taking an interest in a magnetite project.
MGX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)