Welcome to Magmatic Resources

Gold and Copper exploration

Welcome to Magmatic Resources

Magmatic Resources Limited’s (MAG)  is an Australian focused mineral exploration company with four projects in the East Lachlan, NSW. 

The East Lachlan is Australia’s largest gold-copper porphyry region and 2nd largest gold region and is home to  many major mines and deposits including:

  • Alkane’s recent Boda porphyry copper-gold discovery, (MAG’s Wellington North Project has multiple targets with similar characteristics and  only 2km away nearly encircling the Boda tenement)
  • Australia’s largest gold mine Cadia Valley (48.7 Moz Au and 6.5 Mt Cu endowment),
  • Northparkes mine (3.4 Mt Cu and 3.8 Moz Au endowment),
  • Cowal mine (11 Moz Au endowment).

MAG purchased four  gold, copper, and base metals exploration projects in 2013 from Gold Fields (worlds seventh largest gold producer). Gold Fields maintain a 12.5% shareholding in MAG.

Gold Fields spent ~$14m on exploration and identified more than 60 targets. MAG have spent ~$5m on exploration including:

  • Lady Ilse Gold- Copper discovery: 10km target under thin cover only 6km from Alkane’s Boda dicoverysee ASX announcement 19 February 2018 and 10 September 2019
  • Boxdale-Carlisle Reefs 15km near surface Gold Trend, see ASX announcement 4 December 2017
  • MacGregors 2km mineralised near surface gold trend, see ASX announcement 20 March 2018

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