I had to find the damn chuck key first, to change the drill bit out, to let me drill the hole in the chuck key, so I could attach the chuck key to the lanyard holder, so I wouldn't lose the chuck key again... All in, it was a 20 minute search for a 30 second operation but that says more about me than it does about the project...
Same here. The magnet is at the top of the ... pole? The steel shaft that the table rides up and down on. It's just below the upper motor housing so it's well away from the drilling area and doesn't collect ferrous chips. There's also an allen key stuck to the magnet that I assume is important... probably for some type of maintenance on the drill press that I've never done.