Magnetic Resources NL announced results of preliminary metallurgical test work have been received on 6 composite samples of mineralisation from the Lady Julie Central and Lady Julie North 4 gold deposits near Laverton. Composite samples ranging from 27kg to 37kg were obtained from 1m intervals of RC drill holes selected to be representative of oxidation type, rock type and zone. The samples were processed in the Perth laboratory of Metallurgy Pty Ltd. The testwork comprised gravity concentration followed by cyanide leach testing at three grind sizes of 80% passing 150µm, 106µm and 75µm. The results for the 75µm grind size (48 hour leach) indicate the following: Overall gold recoveries range from 92.2% to 98.7%; Gravity concentration gold recoveries range from 35.3% to 75.1%; A reduction in grind size results in an increased recovery for all of the samples with P8075µm reporting the highest gold recoveries ranging from 92.2% to 98.7%; Reagent consumptions are low to moderate with: 0 to 48 hour cyanide consumption ranging from 0.4 to 0.7kg/t; 0 to 48 hour lime consumption ranging from 0.3 to 1.3kg/t.