MAG Price sensitive 25 Aug 2026, 9:11 AM

Weebo Project Follow Up RC Drilling to Commence

Magmatic Resources Ltd

Magmatic Resources to Start Follow-Up RC Drilling at Weebo Project

Key points

  • Follow-up RC drilling planned for Otto 2 and Ockerburry 3 prospects
  • Drill rig scheduled for late August to early September 2026
  • First RC holes to be drilled on the Scone Stone West prospect

Full summary

Magmatic Resources Ltd is pleased to announce the planned commencement of follow-up Reverse Circulation (RC) drilling at Otto 2 and Ockerburry 3 prospects on its Weebo Project. The drill rig is scheduled to be on site from late August to early September 2026. This drilling marks the first RC holes to be drilled on the Scone Stone West prospect. Magmatic Resources will provide an update once the RC drill rig is collared on the first hole of the planned drill program. The Weebo Project covers 270 square kilometres and is strategically located in the middle of five multi-million-ounce gold mines. The company aims to generate significant new gold discoveries.

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