Magmatic Resources Ltd
Magmatic Resources Limited is an Australia-based gold-copper exploration company.
The business
Magmatic Resources Limited is an Australia-based gold-copper exploration company. The Company’s gold copper porphyry projects are in the East Lachlan New South Wales, Australia’s copper-gold porphyry region. Its projects include Parkes Gold-Copper Project, Wellington North Gold-Copper Project, Myall Copper-Gold Project, and Weebo Gold Project. The Parkes Project comprises two exploration licenses located within the Parkes Fault Zone, over 25 kilometers (km) south of Alkane’s Tomingley Gold Operations. The Wellington North Project covers the northern extension of the Molong Volcanic Belt. The Myall Project is located over 20 km southwest of Narromine and 60 km north of Northparkes copper mine. The Weebo Gold Project consists of over eight granted exploration licenses, and one granted prospecting license and totals over 136 square kilometers of tenure, in the tier one Western Australian Goldfields mining jurisdiction.
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Latest news

Magmatic Resources and Fortescue announce $14m JV to explore Myall’s copper-gold potential
The share price of Magmatic Resources (ASX: MAG) jumped more than 50% after it revealed it had executed a $14 million farm-in and joint venture agreement with FMG Resources Pty Ltd, a wholly-owned subsidiary of mining giant Fortescue (ASX: FMG), to explore the Myall copper-gold project in central-west New South Wales. Fortescue has also agreed […]

Magmatic Resources regains Parkes copper-gold project after Japan Oils and Gas Metals National Corporation pulls out
Magmatic Resources (ASX: MAG) advised the market this morning that Japan Oils and Gas Metals National Corporation (JOGMEC) has pulled out of the Parkes copper and gold joint venture after spending $2.7 million on advancing the asset over the past three years. The project is along strike of Alkane Resources’ (ASX: ALK) Tomingley mine and […]
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