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Magmatic Resources Ltd.
(Sydney:MAG)
Magmatic Resources Ltd. (MAG) vs. iShares MSCI Australia ETF (EWA)
Magmatic Resources Ltd. Business Overview & Revenue Model
Magmatic Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 472.91K | 472.91K | 89.77K | 54.10K | 58.40K | 32.17K |
| Gross Profit | 472.91K | 472.91K | 89.77K | -11.14K | -16.28K | -40.29K |
| EBITDA | -1.80M | -1.80M | -3.39M | -7.43M | -3.01M | 1.26M |
| Net Income | -2.17M | -2.17M | -3.38M | -7.49M | -3.02M | 1.19M |
Balance Sheet | ||||||
| Total Assets | 8.78M | 8.78M | 10.41M | 4.83M | 7.13M | 8.59M |
| Cash, Cash Equivalents and Short-Term Investments | 4.74M | 4.74M | 6.34M | 2.86M | 5.02M | 6.12M |
| Total Debt | 520.06K | 520.06K | 580.43K | 0.00 | 22.61K | 70.64K |
| Total Liabilities | 1.30M | 1.30M | 1.11M | 488.75K | 397.62K | 1.07M |
| Stockholders Equity | 7.48M | 7.48M | 9.30M | 4.34M | 6.73M | 7.52M |
Cash Flow | ||||||
| Free Cash Flow | -1.42M | -1.42M | -3.04M | -6.73M | -3.57M | -3.21M |
| Operating Cash Flow | -1.31M | -1.31M | -3.03M | -6.71M | -3.56M | -3.21M |
| Investing Cash Flow | -196.88K | -196.88K | 15.91K | -61.82K | -14.94K | 22.00K |
| Financing Cash Flow | -82.43K | -82.43K | 6.50M | 4.61M | 2.47M | 5.07M |
Magmatic Resources Ltd. Technical Analysis
Magmatic Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$43.49M | -8.18 | -20.41% | ― | 400.00% | 21.71% | |
47 Neutral | AU$18.91M | ― | -12.25% | ― | ― | -791.67% | |
46 Neutral | AU$31.64M | -12.12 | -25.89% | ― | ― | 47.47% | |
42 Neutral | AU$33.63M | ― | -19.04% | ― | ― | -4.00% | |
34 Underperform | AU$42.87M | -12.04 | -184.34% | ― | ― | 40.17% | |
31 Underperform | AU$64.77M | ― | -13.37% | ― | ― | 73.17% |
Magmatic Resources Ltd. Corporate Events
Magmatic Resources Ltd. has announced the issuance of 49,180,328 fully paid ordinary shares at $0.061 per share, raising approximately $3 million. This capital raising effort, conducted without a disclosure document under the Corporations Act, is intended to support the company’s ongoing exploration and development activities, potentially enhancing its market position and offering new opportunities for stakeholders.
Magmatic Resources Ltd. announced the quotation of 49,180,328 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 27, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Magmatic Resources Ltd. has presented its investor presentation at IMARC 2025, highlighting its four advanced gold and copper projects in Australia. The announcement underscores the company’s strategic positioning in major gold regions, which could enhance its operations and industry standing. However, the presentation includes disclaimers about forward-looking statements, emphasizing potential risks and uncertainties in mining exploration and operations.
Magmatic Resources Ltd. announced a proposed issue of 49,180,328 ordinary fully paid securities, scheduled for issuance on October 27, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its financial flexibility and market positioning, while also influencing stakeholder interests in terms of investment opportunities and company growth.
Magmatic Resources Ltd. has successfully secured firm commitments for a A$3.0 million placement at A$0.061 per share to fund its exploration activities. The placement, supported by both existing and new investors, will enable the company to accelerate exploration at the Weebo Gold Project and continue work at the East Lachlan assets, enhancing its financial position and potential for growth in the mining sector.
Magmatic Resources Limited, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities pending an announcement regarding a capital raising initiative. The halt is set to last until the announcement is made or normal trading resumes on October 20, 2025. This move indicates a potential strategic financial maneuver aimed at bolstering the company’s capital, which could impact its market positioning and stakeholder interests.
Magmatic Resources Ltd. has announced a proposed issue of 6,000,000 unlisted options, which will expire in two years and are exercisable at 200% of the 30-day VWAP on the date of issue. This strategic move is aimed at raising capital to support the company’s exploration and development activities, potentially strengthening its position in the mining industry and offering growth opportunities for stakeholders.
Magmatic Resources Ltd announced promising results from its maiden drilling program at the Weebo Gold Project in Western Australia. The drilling revealed significant shallow gold mineralization at the Ockerburry and Scone Stone prospects, indicating strong potential for extensive gold deposits. The company plans further drilling in November to explore these promising targets, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
Magmatic Resources Ltd. responded to an ASX inquiry regarding a recent increase in the price and trading volume of its securities, stating it is unaware of any undisclosed information that could explain the trading activity. The company highlighted its recent completion of a drilling program at the Weebo Gold Project and the pending assay results, which are expected soon. Magmatic Resources assured compliance with ASX listing rules and emphasized its confidentiality measures for assay results.
Magmatic Resources Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 6, 2025, in Perth, Western Australia. The company emphasizes the importance of shareholder participation, encouraging those unable to attend to submit proxy forms by November 4, 2025. This meeting is a critical event for stakeholders to engage with the company’s strategic direction and governance.
Magmatic Resources Ltd. has completed its first drilling program at the Weebo Gold Project, located in the Eastern Goldfields of Western Australia. The program, which included both reverse circulation and air-core drilling, targeted advanced prospects at Scone Stone and Ockerburry. With gold prices at record highs, the timing of this exploration is strategic, and the company plans further drilling pending assay results. The project is strategically positioned among several significant gold mines, enhancing its potential for new discoveries.
Magmatic Resources Ltd. has reviewed its corporate governance practices in line with the ASX Corporate Governance Principles and Recommendations 4th Edition. The company has adopted most of the recommendations, including board charter disclosures, director appointment checks, and performance evaluations. However, it has partially adopted the diversity policy due to its current size and operations. The company aims to enhance its governance framework as it grows, ensuring transparency and accountability to stakeholders.
Magmatic Resources Ltd. has released its annual report for the year ending June 30, 2025. The report provides a comprehensive overview of the company’s operations, financial performance, and governance practices. While specific details of the company’s industry or market focus are not provided, the release of the annual report is a significant event for stakeholders, offering insights into the company’s financial health and strategic direction.
Magmatic Resources Limited, a company listed on the Australian Securities Exchange (ASX:MAG), has announced the date for its Annual General Meeting (AGM) to be held on November 6, 2025. The company has set September 18, 2025, as the deadline for receiving nominations for director positions, with further AGM details to be provided to shareholders in a separate notice.
Magmatic Resources Limited has commenced its maiden drilling program at the Weebo Gold Project in the Eastern Goldfields of Western Australia. The program, which includes 2,000 metres of Reverse Circulation drilling at the Scone Stone prospect and 1,700 metres of air-core drilling at the Ockerburry prospect, aims to explore advanced targets and gather geological information for future drilling. This initiative is strategically timed with high gold prices and the project’s proximity to major gold mines, potentially enhancing the company’s industry positioning and offering significant discovery opportunities.
Magmatic Resources Ltd. has completed the second stage of its acquisition of the Weebo Gold Project, issuing 10,800,000 fully paid ordinary shares and 4,200,000 Performance Shares. This strategic move is expected to enhance the company’s position in the gold exploration sector, potentially impacting its market operations and stakeholder interests.
Magmatic Resources Ltd. has announced the issuance of 4,200,000 unquoted performance shares as part of a transaction previously disclosed to the market. This issuance is not intended to be quoted on the ASX, indicating a strategic move by the company to manage its equity structure and potentially align with its operational goals.
Magmatic Resources Ltd. has announced the quotation of 10,800,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of August 25, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Magmatic Resources Ltd has identified an error in the issuance of shares to directors David Richardson and David Berrie during a loan conversion as part of its Initial Public Offering in 2017. The company mistakenly allocated the wrong number of shares to entities related to the directors, but is now rectifying this by reallocating the shares correctly. This incident is considered isolated, and the company assures that its current procedures for disclosing directors’ interests are adequate, with a commitment to reinforcing administrative processes.
Magmatic Resources Ltd. has commenced exploration activities at its Weebo Gold Project in the eastern Goldfields region of Western Australia. The exploration includes soil sampling, auger drilling, and air-core drilling across several tenements, with plans to expand the project through new exploration licenses. The project is strategically located near multiple significant gold mines, enhancing its potential for new gold discoveries. The company’s efforts are part of a broader exploration strategy, including a $3.5 million budget for its Myall copper-gold project, indicating a busy second half of the year with expected news flow.
Magmatic Resources Ltd. and Fortescue have agreed on a $3.5 million exploration budget for the Myall Project for the 2025-26 financial year. This collaboration is part of a joint venture agreement, where Fortescue aims to earn a 51% interest in the project by meeting certain expenditure and drilling obligations. The recent drilling program at the Myall Project, particularly at the Calais prospect, showed promising results, indicating potential new discoveries. The companies are eager to continue exploration efforts, which could significantly impact their positioning in the mining industry.
Magmatic Resources Ltd has acquired the Weebo Gold Project in Western Australia’s Goldfields, a strategic area surrounded by several gold mines. This acquisition enhances the company’s portfolio of gold and copper projects, potentially strengthening its market position. Additionally, the company is advancing its exploration activities at the Myall Project, in collaboration with Fortescue, targeting copper-gold porphyry mineralization. The ongoing drilling programs have shown promising results, potentially expanding the company’s resources and capabilities in the mining sector.
Magmatic Resources Ltd. has updated its previous announcement regarding the issuance of securities. The company now expects to issue 10,800,000 Stage 2 Shares and 4,200,000 Stage 2 Performance Shares on or before 30 September 2025, a delay from the initially planned date of 31 July 2025. This update indicates that the conditions necessary for the issuance are anticipated to be satisfied by the new deadline, which could impact the company’s financial strategy and stakeholder expectations.