ABN Newswire Stocks to Watch: January 14, 2010

Sydney, Jan 14, 2010 AEST (ABN Newswire) - Benitec Limited (ASX:BLT)(PINK:BNIKF) has provided an update on the US patent Ex Parte re-examination on the Graham '099 patent (90/007,247). Benitec has received a copy of the Examiner's Answer which finds that claims 25-28 of the patent are free of the prior art and allowable. The other claims remain rejected as obvious over the prior art, primarily the Fire et al reference.

Meteoric Resources NL (ASX:MEI) said it has carried out geochemical sampling, RAB drilling and gravity surveys on its 100%-owned tenement and on nearby tenements where Meteoric may earn up to a 70% interest, following the grant of its main (northern) exploration licence at Webb in the West Arunta region of WA. Meteoric's focus here is on iron oxide-copper-gold (IOCG) targets similar to Prominent Hill in South Australia and Ernest Henry in Queensland and also on following up geochemical anomalies identified by the Geological Survey of WA (GSWA).

Magnetic Resources NL (ASX:MAU) said following analysis of recently acquired aeromagnetic data for the Jubuk iron prospect and surrounding areas, where it was announced that 70km of potential iron formation targets had been identified (ASX release 5 January 2010), numerous similar targets in the surrounding district have been applied for, tripling the land position from 640km2 to 1,950km2.

Australian Bauxite Limited (ASX:ABZ) has received advice from Queensland Mines and Energy that title in all the Queensland ABx Project Tenements have been transferred from Hudson Resources Limited to ABx3 Pty Ltd, a wholly owned subsidiary of ABx. The effective date of transfer is 23rd December 2009.

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