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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$49.56M | -9.09 | -20.41% | ― | 400.00% | 21.71% | |
47 Neutral | AU$22.70M | -6.26 | -12.25% | ― | ― | -791.67% | |
42 Neutral | €38.12M | -14.23 | -19.04% | ― | ― | -4.00% | |
41 Neutral | AU$27.62M | -10.58 | -25.89% | ― | ― | 47.47% | |
34 Underperform | AU$55.42M | -13.50 | -184.34% | ― | ― | 40.17% | |
31 Underperform | AU$55.79M | -2.72 | -30.19% | ― | ― | 9.01% |
Magmatic Resources Ltd. Corporate Events
Magmatic Resources Ltd. has announced a General Meeting for its shareholders, scheduled for December 19, 2025, in Perth, Western Australia. The company will not send physical copies of the meeting notice, directing shareholders to access it online. Shareholders are encouraged to participate by voting on resolutions, either in person or by proxy, with proxy forms due by December 17, 2025. This meeting is a significant event for stakeholders to influence company decisions.
Magmatic Resources Ltd. has announced a General Meeting to be held on December 19, 2025, in Perth, Australia. The meeting will focus on ratifying the prior issue of shares to placement participants, with two resolutions on the agenda addressing different listing rules. Shareholders are encouraged to vote either by proxy or during the meeting, as the outcomes could impact shareholding and company operations.
Magmatic Resources Ltd. has commenced drilling at its Myall FJVA Project, supported by a $3.5 million exploration budget from Fortescue Ltd. The program aims to test multiple targets for copper-gold porphyry deposits, with both aircore and diamond drilling planned. The company has also secured a $141,000 grant from the NSW Government to support further exploration at the Black Ridge Copper target. This initiative marks a significant phase in Magmatic’s exploration efforts, potentially enhancing its position in the mineral exploration sector.
Magmatic Resources Ltd. has announced a change in the director’s interest, with Malcolm Norris acquiring 1,500,000 unlisted options as part of an incentive package approved at the company’s 2025 Annual General Meeting. This move is part of the company’s strategy to align management interests with shareholder value and could impact the company’s operational focus and stakeholder confidence.
Magmatic Resources Limited has announced a change in the director’s interest, specifically regarding David Berrie. The company issued 1,500,000 unlisted options to David Berrie as part of an incentive package approved at the 2025 Annual General Meeting. This change reflects the company’s strategy to align director incentives with shareholder interests, potentially impacting the company’s governance and stakeholder confidence.
Magmatic Resources Ltd. announced the issuance of 6,000,000 unlisted options exercisable at $0.1292, set to expire on November 7, 2027. This move is part of previously announced transactions and reflects the company’s strategic efforts to bolster its financial structure and operational capabilities, potentially impacting its market positioning and stakeholder interests.
Magmatic Resources Ltd. announced the successful outcome of its 2025 Annual General Meeting, where all proposed resolutions were approved by the shareholders. The meeting results indicate strong shareholder support for the company’s strategic initiatives, including the approval of the Employee Incentive Securities Plan and the 10% Placement Capacity, which are expected to enhance the company’s operational capabilities and market positioning.
Magmatic Resources Ltd. has commenced Phase 2 of its drilling program at the Weebo Gold Project in Western Australia. This phase includes 3,500 meters of Reverse Circulation (RC) drilling at advanced targets Scone Stone and Ockerburry, and approximately 5,000 meters of air-core drilling at Ockerburry, Scholl’s Find, and Sir Samuel prospects. The company aims to define mineralized areas suitable for resource estimation and has appointed a full-time project manager to oversee the operations, enhancing its exploration focus.
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.
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.