• Completed maiden drilling program at Weebo Gold Project in Western Australia, with promising results
• Approved $3.5M exploration budget for Myall Project joint venture with Fortescue in New South Wales
• Expanded Weebo Gold Project tenure by 115km2 through new exploration license applications

Magmatic Resources has provided its quarterly activities report for the three-month period ending 30 September 2025. The report focuses on the company's activities in Western Australia and New South Wales.In Western Australia, Magmatic completed its maiden drilling program at the Weebo Gold Project in the Eastern Goldfields region. The program included 743 metres of reverse circulation (RC) drilling at the Scone Stone prospect and 2,446 metres of air-core drilling at the Ockerburry prospect. The drilling results highlighted the potential for extensive shallow gold mineralization at the Ockerburry Prospect, with significant intercepts such as 12 metres at 5.13 g/t gold from 66 metres. At the Scone Stone Prospect, the drilling confirmed high-grade mineralized structures hosted in an intrusive quartz-feldspar porphyry unit.Magmatic also applied for five new Exploration Licences contiguous with its current tenements at Weebo, expanding the project's tenure by 115km2 to 250km2.In New South Wales, Magmatic and its joint venture partner FMG Resources (a subsidiary of Fortescue Metals Group) agreed to a $3.5 million exploration budget for the Myall Project for the 2025-26 financial year. The work program will focus on a significant air-core and diamond drill program.The report also provides details on the company's corporate activities, including a $3 million placement with major shareholder FMG Resources and the completion of Stage 2 of the Weebo Gold Project acquisition.