Lady Ilse bodes well for Magmatic

STRONGLY-backed Magmatic Resources believes its Lady Ilse target within the Wellington North project in New South Wales has the key geological hallmarks of the Boda discovery made by neighbour Alkane, albeit with one big exception; Lady Ilse looks bigger and more akin to the Newcrest Mining profit powerhouse that’s Cadia East.

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Early work at Wellington North

Speaking at the RIU Explorers Conference, Magmatic MD Peter Duerden (ex-Alkane) pointed out gold and porphyry pathfinders had been defined in shallow drilling with supportive geophysics suggesting the