Magmatic Resources Limited is a copper-gold porphyry explorer in the East Lachlan district of New South Wales, Australia, with a secondary gold project in Western Australia's Eastern Goldfields. The Myall Copper-Gold Project is under a farm-in/joint-venture with Fortescue (ASX:FMG), which committed A$3.5 million to fund FY26 exploration; a Phase 1, 25-hole aircore drilling program has been completed with assay results expected in early 2026, and diamond drilling (14 holes, up to 500m deep, ~5,000m total) is scheduled to begin January 2026. The wholly-owned Parkes and Wellington North projects target similar copper-gold porphyry systems in the same district. The Weebo Gold Project (Eastern Goldfields, WA, acquired 2025) has returned multiple drilling programs confirming extensive shallow gold mineralisation across several prospects, though no Mineral Resource has yet been declared there or at any other Magmatic project.
Notable vs. Peers
- Trading within 0% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
LLB, B.Juris. 30 years' mining experience including roles at Western Mining and BHP, plus legal work in mining law. Stepped up from Non-Executive Director to Chairman October 2024.
B.Com, MBA. Over 30 years in corporate strategy and international project development; founded Magmatic Resources in 2014. Appointed Managing Director October 2024, having previously served as founder/Executive Chairman.
MSc Geology, Masters in Applied Finance. Senior mining professional involved in major copper-gold discoveries; previously Managing Director at Sunstone Metals Ltd; 23 years with WMC Resources. Appointed to the board 16 Oct 2024.
Currently Group Manager Corporate Portfolio Management at Fortescue; coordinates governance across strategic subsidiaries; previously managed Fortescue's minerals operations in Latin America. Appointed to Magmatic's board 16 Oct 2024 as the nominee director for substantial shareholder FMG Resources Pty Ltd (a wholly-owned Fortescue subsidiary) -- disclosed nominee relationship, not an independent appointment.
MSc (Ore Deposit Geology and Evaluation). More than 30 years' minerals exploration and evaluation experience; recent achievements include discovering the Invincible South resource.
Over 20 years in gold exploration and resource definition; has delivered multiple resource discoveries and operational transitions across Australian and international projects.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
stage=GRASSROOTS: no Mineral Resource has been declared for Myall, Parkes, Wellington North or Weebo -- all remain at drilling/target-definition stage. commodity=COPPER: Myall and Parkes (the JV-funded and most actively drilled assets) are both copper-gold porphyry targets; GOLD recorded as a secondary MinerCommodity given Weebo is an explicitly gold-only project. ouncesFound/dcfNpvUsd/irrPct/mineLifeYears deliberately NOT written: no resource or economic study exists at any project (COPPER also has no calibrated deposit-size curve in src/lib/scoring.ts DEPOSIT_SIZE_CURVES regardless). cashPositionUsd deliberately NOT written: aggregator sources this pass gave genuinely conflicting, ambiguously-dated figures (one read '6.23M as of Dec 31, 2025' as MOST RECENT, another gave '4.74M as of Jun 30, 2025' as the most recent FY-end figure -- internally inconsistent about which is actually current, and both are 8+ months stale against this Aug 2026 seed). Per global principle #9, flagged rather than forced to a guess.