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Magmatic Resources Expands with Weebo Acquisition and Strong Myall Drilling Results

2:42pm on Thursday 31st of July, 2025 AEST Mining
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Magmatic Resources Expands with Weebo Acquisition and Strong Myall Drilling Results

2:42pm on Thursday 31st of July, 2025 AEST
Key Points
  • Completed first stage acquisition of Weebo Gold Project with share and performance share issuance
  • Weebo Project strategically located near five major gold mines in Western Australia
  • Promising drill results at Myall Project under joint venture with Fortescue Metals Group
  • Exploration expenditure of $809K for the quarter with no mining production activities
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