• Magmatic completed Phase 3 drilling at Weebo Gold Project in WA
• Significant gold intercepts reported at Otto and Ockerburry prospects
• Exploration budget for FY2026/7 being finalized
• Cash position at end of quarter was $5.54M

Magmatic Resources Limited (ASX:MAG) reported its quarterly activities for the three months ending 30 June 2026. Exploration activities focused on the Weebo Gold Project in Western Australia and the Myall Farm-in and Joint Venture Agreement (FJVA) Copper-Gold Project in New South Wales. In Western Australia, the company completed its Phase 3 Reverse Circulation (RC) and Air Core (AC) drilling program at the Weebo Gold Project, totaling 6,591m. Significant gold intercepts were reported from several prospects, including Otto and Ockerburry. In New South Wales, the exploration programs at the Myall Project were completed under the $3.9 million budget committed by FJVA. Magmatic's cash position at the end of the quarter was $5.54M. The financial year 2026/7 exploration budget is being finalized post-quarter end.

FY2026/7 exploration budget being finalized post quarter end

Magmatic Resources is finalizing its FY2026/7 exploration budget and plans to continue exploration activities at its projects.