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Appendix 3B

24 November 2014

Magnetic Secures Kauring Project

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magnetic resources


Magnetic Resources remains focused on its extensive SW Western Australian iron ore holdings and on advancing its discovery of premium quality magnetite deposits close to existing rail and port infrastructure. A location map of the company's tenements is shown in Figure 1. In particular, progress in the Ragged Rock are near Northam during the year has been most encouraging with a positive preliminary economic assessment providing the impetus to commence drilling.





Figure 1. Project Locations

Alto Capital Research November 2013