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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 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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