BUZZ-Australia's Magnetic Resources hits five-month high on gold find

Reuters

03-07

BUZZ-Australia's Magnetic Resources hits five-month high on gold find

** Magnetic Resources NL MAU.AX jumps 13.2% to A$1.415, highest since September 20, 2024

** Mineral exploration co announces high-grade gold find at the LJN4 project in Western Australia

** Says drilling results reveal significant gold intersections, indicating further potential for promising results

** Stock set for biggest intraday pct gain since late November 2024, after three consecutive sessions of loss

** Around 292,106 shares traded, 3.3x the 30-day average

** MAU gains ~28% YTD

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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