Australia's Magnetic Resources NL hits record high on buying gold project in WA

Magnetic Resources NL

07/02/2020 24:51

** Shares of gold explorer Magnetic Resources NL  MAU.AX 
rise as much as 1.6% to an all-time high of A$0.64
    ** Co exercises option to buy the Nicholson Well Project in
Western Australia  urn:newsml:reuters.com:*:nASX6wXskc
    ** Nicholson Well Project is close to co's gold mineralised
HN9 Project
    ** Stock on track to post fourth straight day of gains
    ** Stock up 26% this year, as of last close

 (Reporting by Arundhati Dutta)
 ((Arundhati.dutta@thomsonreuters.com))