• Drilling has commenced at the Weebo Gold Project in Western Australia
• Drilling program focused on advanced targets at Scone Stone and Ockerburry
• Approximately 3,700 metres of drilling planned, including 2,000 metres of RC and 1,700 metres of air-core

Magmatic Resources Ltd has announced that it has commenced drilling at the Weebo Gold Project in the Eastern Goldfields region of Western Australia. The Company's maiden drilling program at Weebo will focus on several advanced targets, comprising approximately 3,700 metres in total, including 2,000 metres of RC drilling at the Scone Stone prospect and 1,700 metres of air-core drilling at the Ockerburry prospect. The Weebo Project is strategically located in the middle of five multi-million-ounce gold mines, and the Company believes it has the potential to generate new gold discoveries. The drilling program at Scone Stone is designed to confirm the geometry of stratigraphic contacts and associated mineralisation, while the drilling at Ockerburry aims to focus on mineralisation associated with the Ockerburry Fault. The Company has also received budget approval for subsequent air-core and RC drilling in November to follow-up on the current and planned work, as well as test deeper targets at the Otto prospect.

The Company believes that the current drilling program at Weebo will provide geological information sufficient to design detailed RC drill programs planned for November 2025, which could lead to potential new gold discoveries.