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Magmatic goes back to the future

JUST three months after announcing a plan to re-imagine itself as a Western Australia-focused gold explorer, minnow Magmatic Resources has reversed course, deciding to re-prioritise its four East Lachlan projects after Alkane Resources' Boda discovery in New South Wales excited the market.

Haydn Black
Magmatic is hopeful of finding gold and copper in NSW.

Magmatic is hopeful of finding gold and copper in NSW.

Refocussed investor attention in the east after Alkane's copper-gold porphyry find means Magmatic has scrapped plans to demerge its NSW assets as Australian Gold and Copper, and plans to secure three WA...

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