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Magmatic Resources Ltd. ( (AU:MAG) ) has shared an update.
Magmatic Resources Ltd. completed its maiden drilling program at the Weebo Gold Project in Western Australia, revealing promising results at the Scone Stone and Ockerburry Prospects. The company plans further drilling to explore these findings. Additionally, Magmatic and its joint venture partner FMG Resources approved a $3.5 million exploration budget for the Myall Project in New South Wales, indicating a strong commitment to advancing their exploration efforts.
More about Magmatic Resources Ltd.
Magmatic Resources Ltd. is a company operating in the mining industry, focusing on exploration and development of gold projects. The company is primarily engaged in the Weebo Gold Project in Western Australia and the Myall Project in New South Wales, with a market focus on gold exploration and potential new gold discoveries.
Average Trading Volume: 724,078
Technical Sentiment Signal: Buy
Current Market Cap: A$30.13M
For an in-depth examination of MAG stock, go to TipRanks’ Overview page.