Drilling Delivers High Grade Gold Intersections at Weebo

• Drilling results highlight strong potential for extensive shallow gold mineralisation at the Weebo Gold Project
• Ockerburry prospect returned outstanding shallow gold mineralisation including 12m @ 5.13 g/t Au
• Scone Stone prospect confirmed high-grade mineralised structures in an intrusive quartz-feldspar porphyry

Magmatic Resources has announced results from its maiden drilling program at the Weebo Gold Project in the Eastern Goldfields region of Western Australia. The drilling focused on several advanced targets, comprising approximately 3,192 metres in total, including 743 metres of RC drilling at the Scone Stone prospect and 2,446 metres of air-core drilling at the Ockerburry prospect. At the Ockerburry prospect, air-core drilling has confirmed extensive shallow gold mineralisation associated with a five-kilometre-long mineralised structure. Highlights include 12m @ 5.13 g/t Au from 66 metres, including 8m @ 7.60 g/t Au, as well as other thick, high-grade intersections. At the Scone Stone prospect, a single line of slim-line RC drilling confirmed high-grade mineralised structures hosted in an intrusive quartz-feldspar porphyry unit, with notable intersections of 10m @ 2.55 g/t Au from 57 metres and 18m @ 0.75 g/t Au from 79 metres. The company plans to follow up the current and planned work with additional air-core and RC drilling in early November to further explore the Ockerburry and Scone Stone prospects, as well as test deep targets at the Otto prospect.

Follow-up RC drilling at Scone Stone and Ockerburry as well as air-core drill testing of regional secondary targets is scheduled for early November.