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The latest update is out from Magmatic Resources Ltd. ( (AU:MAG) ).
Magmatic Resources Limited has updated its previously announced proposed issue of securities, lodging a revised Appendix 3B with the ASX on 29 January 2026. The update specifically reflects a change to the number of options proposed to be issued under a placement or other type of securities issue, signalling an adjustment in the structure or scale of the planned capital raising but maintaining the company’s intention to seek quotation of the new securities on the ASX.
The most recent analyst rating on (AU:MAG) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.
More about Magmatic Resources Ltd.
Magmatic Resources Limited is an ASX-listed resources company (code: MAG) operating in the mining and exploration sector. The company focuses on acquiring, exploring, and advancing mineral assets, aiming to create value through the discovery and development of resource projects in Australia.
Average Trading Volume: 525,112
Technical Sentiment Signal: Buy
Current Market Cap: A$27.62M
See more data about MAG stock on TipRanks’ Stock Analysis page.