Mount Magnet is an old Western Australian gold rush town. The name was chosen during exploration of the region due to an isolated hill 5 km north west of the town current townsite. This hill has an extremely high iron content and affected the compasses of explorers. At the 2006 census, Mount Magnet had a population of 424.
It is located 573 kilometres (356 mi) northeast of Perth via the Great Northern Highway. Only a few mines are still worked, including Hill 50 which started operations in the 1890s. The area once had three separate townsites - Mount Magnet, Boogardie, and Lennonville. Boogardie has since been swallowed up into the open cut mining operations at Hill 50. Lennonville was abandoned at the start of World War I, and the foundations of the bank and train station can still be seen.