The Weebo Gold Project
The Weebo Gold Project is Magmatic Resources’ 100%-owned gold exploration project located in the Goldfields region of Western Australia, within the highly prospective Yandal Greenstone Belt.
The project covers approximately 136km² of tenure and sits in a well-endowed gold district surrounded by several significant operating gold mines. Historical drilling and surface sampling have identified multiple gold prospects across the project area, providing a pipeline of exploration targets for follow-up drilling.
Since acquiring Weebo in mid-2025, Magmatic has advanced the project through geological reinterpretation, target generation and multiple drilling programs which have identified shallow gold mineralisation.
The Weebo Gold Project is surrounded by five multi-million-ounce gold operations.
Highlights
- Large tenure position covering 136km² in the Yandal Greenstone Belt
- Located in a world-class Western Australian gold province
- Surrounded by multiple operating gold mines, including Bellevue, Thunderbox, Agnew/Lawlers, Bronzewing and Darlot
- Multiple drill-ready gold prospects with shallow gold mineralisation identified
- MAG’s systematic drill campaigns have confirmed mineralisation across several targets
- Significant potential for gold discoveries in an underexplored district
Exploration Progress
Magmatic has completed several reverse circulation and aircore drill programs to test its key gold targets across the project area.
These programs have focused on the Ockerburry and Scone Stone prospects, where drilling has confirmed the presence of both supergene and primary gold mineralisation associated with fault-controlled structures.
Drilling has demonstrated that mineralisation occurs within a broader structural corridor extending for several kilometres, supporting the potential for multiple mineralised zones along the trend.
Results to date have confirmed:
- Shallow gold mineralisation across multiple drill holes
- Consistent interactions along key structural trends
- Mineralisation associated with major regional faults
- Multiple zones remaining open along strike and at depth
Aircore drilling programs have been undertaken to rapidly test large areas of prospective ground and generate new targets for follow-up drilling.
AC drilling at the Ockerburry prospect
Key Prospects
Ockerburry
Ockerburry is one of Weebo’s most advanced prospects and hosts a mineralised structural corridor extending over approximately 5km of strike. The mineralised structural corridor, controlled by the Ockerburry Fault, is interpreted to be the same mineralised corridor that hosts the Thunderbox deposit to the south
Drilling has confirmed both shallow supergene mineralisation and deeper primary gold mineralisation associated with the Ockerburry Fault system, providing multiple exploration opportunities along the trend.
The broader trend remains only partially tested, with several areas requiring follow-up drilling to evaluate the continuity and scale of mineralisation.
Scone Stone
The Scone Stone prospect is defined by a northeast-trending mineralised corridor extending over approximately 4km of strike of strike.
Drilling has intersected gold mineralisation associated with structurally controlled zones and intrusive-related lithologies, confirming the potential for further extensions of the mineralised system along strike and at depth.
Additional targets
Beyond the advanced prospects, the Weebo project hosts numerous earlier-stage exploration targets identified through surface geochemistry, auger sampling and geophysical interpretation. These include Sholls Find, Wheel of Fortune and Sir Samuel.
These targets represent large gold anomalies with limited historical drilling and provide additional opportunities for new discoveries across the broader project area.
Historical Exploration
Exploration at the Weebo Project has historically been undertaken by several companies, including geological mapping, surface geochemical sampling and drilling.
This work identified multiple gold anomalies and prospects across the tenure, particularly Ockerburry and Scone Stone, where historical drilling intersected shallow gold mineralisation associated with key structural trends.
Magmatic compiled and reinterpreted this historical dataset to refine exploration targets and guide ongoing drilling across the project area.