Articles On Magmatic Resources (ASX:MAG)

ASX stumbles as announcement outage leaves traders scrambling to catch up Gold and oil climb, providing some support in energy and resource stocks Wall Street futures weigh heavy; market falls 0.57% ASX scrambles to address announcement b...

The drilling involved both RC and Aircore programs RC drilling targeted the advanced Scone Stone and Ockerburry prospects AC drilling was focused on early stage testing of Ockerburry, Sholl’s Find, Sir Samuel and Wheel of Fortune prospects...

ASX falls to 5-month low, down 167 points or 1.94pc Info tech bleeds 5.99pc, materials down 3pc 11 of 11 sectors lower ASX goes under in tech tidal wave The ASX 200 dropped below its 200-day moving average again, but there was no last-mi...

Work program budget of $3.5m approved by Fortescue for 2025-26 financial year Plans for 24 aircore holes and 14 diamond holes over 3000m each Up to 9 line-kilometres of trial induced polarisation surveying to identify sulphide potential  ...

ASX today – Monday’s dip is looking like the start of a longer dump, rather than a blip on the radar, with Australian shares now heading for a 50-point loss when ASX trade gets started this Tuesday morning. Listen to the HotCopper podcas...

Magmatic Resources is moving forward on its Weebo project to take advantage of the current price environment. Image: NWR CommunicationsWith gold prices hitting record highs, junior explorers are attracting investment. Australian Mining look...

Magmatic starts Phase 2 drilling at Weebo The campaign comprises 3500m of RC drilling focusing on Scone Stone and Ockerburry The company is also running aircore drilling at Scholl’s Find and Sir Samuel   Special report: Drilling is back...

One of Australia’s top mining journalists, Kristie Batten, writes for Stockhead every week in her regular column placing a watchful eye on the movers and shakers of the small cap resources scene. Magmatic Resources (ASX:MAG) has a foothold...

Magmatic Resources (MAG) has raised $3m from investors, with major shareholder FMG Resources Pty Ltd (a wholly owned subsidiary of Fortescue Ltd) upping its stake to 19.9% Funds will help ramp up exploration at exciting Weebo gold project...

ASX closes 0.86% higher to reach a new 100-day high after hitting an intraday record  Australia’s unemployment rate climbs to four-year high of 4.5% in September, up from revised 4.3% in August Rate sensitive sectors including real estate,...

Aussie and Asian markets fall after Trump threatens more tariffs on China Gold and silver reach new record highs with strong demand for safe haven assets Materials sector slips into red in afternoon trade as tech leads laggards   The Auss...

Magmatic Resources has revealed the first results from drilling at its Weebo gold project in WA Ockerburry aircore and Scone Stone slim-line RC results provide encouragement to expand drilling with a bigger rig The under explored Weebo sit...

Magmatic is drawing strong investor interest after acquiring the 200km2 Weebo gold project in WA’s Northern Goldfields Drilling is underway at key targets, including Ockerburry and Scone Stone, in an area surrounded by five multi-million-o...

ASX breaks losing streak to rise 0.31pc Banks provide support as lithium stocks flounder ASX All Ord Gold index falls 0.39% despite high gold prices   Banks charge higher as materials sector retreats The ASX has broken its two-day losing...

ASX breaks losing streak to rise 0.31pc Banks provide support as lithium stocks flounder ASX All Ord Gold index falls 0.39% despite high gold prices   Banks charge higher as materials sector retreats The ASX has broken its two-day losing...

Magmatic Resources (ASX:MAG) has fired up the rigs in its maiden drilling program at the Weebo gold project as it moves in on advanced targets.  It comes after the company spent months compiling data from previous explorers and prioritising...

ASX ends flat after setting new intraday high Gold, small caps prop up market in face of bank losses Materials sector leads gains, up 2.72pc   Dovish Fed comments pump Wall Street higher The ASX 200 has finished all but flat today, adding...

Magmatic Resources (ASX:MAG) gets drilling at its Weebo gold project in Western Australia, with 2,500 metres of aircore and RC planned. The program aims to test a number of promising targets, from Scone Stone, Ockerburry, Otto and the Wheel...

Fortescue commits $3.5m to FY2026 exploration budget at Magmatic’s Myall project Expenditure fulfils minimum obligation iron ore major needs to meet for first stage of JV deal Myall sits within porphyry hot spot and is showing positive sig...

ASX ends flat, overcoming difficult trading session Gold stocks lead gains with index up 3.57pc Info tech and financials slide on US market losses   ASX sticks the landing Although all indicators were pointing to a down day on the ASX to...

Stockhead’s Tylah Tully takes a look at Magmatic Resources (ASX:MAG), which continues its gold exploration at the Weebo project in Western Australia. The company has kicked off soil sampling after completing rock chip sampling earlier this...

Trump rolls out tariffs to dozens of countries ASX retreats 0.92pc in response Utilities stays the course, lifting 0.7pc You get a tariff… You get a tariff… You get a tariff! Reminiscent of Oprah on a particularly bad hair day, Trump was...

Image: kichigin19/adobe.stock.comFortescue and Magmatic Resources have agreed to a $3.5 million exploration budget for their Myall joint venture project in the 2025–26 financial year. This will be focused on an aircore and diamond drillRead...

Alkane’s Boda find put the Lachlan Fold Belt back on the map in 2019. Today, with better geological models and modern exploration, smart capital is flowing into the region The Macquarie Arc, east of the Lachlan Fold Belt, is Australia’s le...

Robert Friedland’s Sunrise chockablock in applications for a $1.5m SPP, taking raise to $7.5m EWC has taken a number of key steps toward securing the funding critical to its future development and growth Uvre will this week complete the pu...

ASX slips back to even, losing just 1.2 points Info tech sector reverses course, retreating from 1.2pc gain to just 0.2pc Gold shines as USD falls; All Ord Gold index adds 1.09pc   Gold shines, tech declines The info tech sector was provi...

MAG completes first stage of purchase for the Weebo gold project in WA Project sits near five gold mines with previous hits of up to 29.9g/t Company plans maiden aircore drilling in the near-term   Special Report: Magmatic Resources has c...

“Garimpeiro” columnist Barry FitzGerald has covered the resources industry for 35 years. Now he’s sharing the benefits of his experience with Stockhead readers. One of Garimpeiro’s pet peeves is coming across a junior explorer banging away...

Highlights Magmatic Resources (ASX:MAG) to acquire the Weebo Gold Project in Western Australia’s eastern Goldfields Agreement includes issuance of shares, exploration commitments, and staged payments Acquisition strengthens...

Magmatic Resources (ASX:MAG) has entered into an agreement to acquire the Weebo Gold Project in Western Australia’s eastern Goldfields region.  The Weebo Project, covering 136km2, hosts a suite of prospects from advanced drill-defined ta...

Magmatic will pay $50,000 cash and 36 million shares for the Weebo gold project The commercial potential of the Ema rare earths project in Brazil has been enhanced by test results Investors have welcomed two positive recent announcements f...

Energy sector powers higher again, up more than 5pc ASX uranium stocks surge ASX All Ords Gold index falls almost 5pc While global markets fell on Friday, the ASX has resisted economic riptides, staying afloat to finish up just 1 point or...

Magmatic Resources adds second string to its bow with WA gold deal Weebo gold project underexplored and surrounded by multi-million ounce mines in WA’s Northern Goldfields Drilling to take place in the September quarter   Special Report:...

Drilling at Magmatic Resource’s Myall project with Fortescue has intersected copper and gold mineralisation Encouraging results indicate that a potential copper-gold porphyry discovery might be present at the project’s Calais prospect Both...

Magmatic Resources (ASX:MAG) is working alongside Fortescue (ASX:FMG) to conduct a follow-up drilling program at the Calais target within the Myall Project in New South Wales.  Both companies intend to work together to further understand...

The Australian market looks set to continue its trickling down slide through to the closing bell in Week 23, with Thursday’s red close – mostly spurred on by traders trying to bank profits – tipped to track through to Friday open. Listen...

Highlights: Five notable copper stocks on the ASX in 2025 include Ausquest, Aurelia Metals, and Magmatic Resources. The copper market has seen record-high prices recently, with continued optimism surrounding the sector. Dema...

Dealmaking in the copper space continues to gain momentum as geopolitical events add to global uncertainty. But one thing remains constant and that is years of underinvestment will culminate in a structural deficit in supply. Record high...

Highlights ASX 200 index declines amid continuous market downturn. Banking and mining sectors register notable losses. Telstra (ASX:TLS) and Wesfarmers (ASX:WES) report robust revenue performance. The Austr...

Of the 42 iron ore stocks tracked by Bulk Buys, just five are in positive territory in 2024 Spot prices have fallen from US$140/t to US$97/t, salvaged by a bump from Chinese stimulus plans this week But the top ASX iron ore stock of 2024,...

Gold Fields has inked an under-the-radar deal to hunt for copper and gold in the area around Newmont’s world class Cadia gold mine It’s thrust eyes on the Lachlan Fold Belt, where majors are quietly making deals to find the next giant Aust...

Adam McKinnon, the Managing Director of Magmatic Resources (ASX:MAG) reveals the latest impressive results from the Black Ridge project, where the company has identified a six-kilometre trend with copper rock chip samples yielding up to 6.5...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the...

Magmatic Resources Ltd (ASX:MAG) has identified a copper trend stretching six kilometres long through early-stage exploration in New South Wales proximal to the Northparkes Copper Mine. Samples yielding up to 6.5% have been found through...

Magmatic Resources Ltd (ASX:MAG) has reported a boost to the copper gold footprint of its Lady Ilse prospect in New South Wales, based on a recent drilling program to the north, which showed potential for a Boda-style porphyry system there....

Shares in Rex Minerals (ASX:RXM) surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia. Under the terms of the offer, MACH will acquire all the sh...

12 Jun 2024 - In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW.

In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW. Myall is in the same area as Alkane’s Kaiser and Boda finds, which are huge, with hundreds...

This article is a sponsored feature from Mining.com.au partner Kincora Copper Ltd. It is not financial advice. Talk to a registered financial expert before making investment decisions. Not content with last year’s $9.6 billion acquisitio...

Kincora Copper Ltd (ASX:KCC) has added to its portfolio of projects in New South Wales, securing an exploration license for the Wongarbon Project, whose mineralisation comprises one of the last untested large intrusive (porphyry) complexes...