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Magmatic Strikes High-Grade Gold at Weebo, Secures $3M Boost from FMG
9:24am on Friday 30th of January, 2026 AEDT
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Mining
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Magmatic Strikes High-Grade Gold at Weebo, Secures $3M Boost from FMG
9:24am on Friday 30th of January, 2026 AEDT
Key Points
Phase 1 and 2 drilling at Weebo confirms extensive shallow and primary gold mineralisation
High-grade gold intercepts at Ockerburry and Scone Stone prospects
Myall Project aircore drilling completed; diamond drilling underway targeting copper-gold porphyry
FMG Resources increases stake to 19.9% via $3 million placement
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