Magmatic Resources Limited
MAG.AX
Australian Securities Exchange0.05
AUD
+0.00
- -
ISIN
AU000000MAG5
CUSIP
Q570LU104
Return %
Stock
S&P500
1Y
31.43
26.99
3Y
-50.00
77.19
5Y
-79.09
79.08
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David John Richardson
- Full Time Employees
- 11
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 55 Hampden Road Nedlands WA Australia 6009
- IPO Date
- May 19, 2017
- Website
- magmaticresources.com
- Similar Companies
- Business
- Magmatic Resources Limited is an ASX-listed Australian mineral exploration company primarily engaged in the exploration and development of gold and copper deposits. The company holds a portfolio of advanced gold and copper projects located in two of Australia's dominant mining regions: the East Lachlan region of New South Wales and the Eastern Goldfields region of Western Australia. Its main projects include the Weebo Gold Project, acquired in 2025 in the Eastern Goldfields of Western Australia; the Parkes Gold-Copper Project, Wellington North Gold-Copper Project, and Myall Copper-Gold Project, all in East Lachlan, New South Wales. Magmatic's products and services center on the exploration and evaluation of mineral deposits for gold, copper, silver, and other precious metals through advanced drilling programs and geological assessments. In terms of recent major changes, Magmatic expanded its project portfolio with the strategic acquisition of the Weebo Gold Project in 2025, located within 30 kilometers of five large gold mines, enhancing its presence in a tier-one mining district. The company also entered into a share sale agreement to acquire Northern Goldfields Resources, further extending its operational footprint. Additionally, Magmatic secured a joint venture with Fortescue Metals Group (FMG), Australia's third-largest mining company, to explore the Myall project, with FMG investing up to AUD 14 million over six years to earn a 75% interest. Magmatic acts as the operator for the initial earn-in period. These developments reflect a strategic focus on leveraging partnerships and acquisitions to broaden its mineral resource base and advance exploration activities across key Australian mining belts. Founded in 2014 and headquartered in Australia, Magmatic Resources operates using modern exploration techniques and geological expertise aimed at discovering tier-one deposits that contribute to Australia’s critical minerals industry. The company targets long-term value creation through disciplined capital management and strategic alliances. Its geographic focus is predominantly within Australia, specifically in New South Wales and Western Australia, where it operates exploration licenses and mineral rights close to world-class mining operations such as Cadia Valley and Northparkes. Magmatic's business segments cover exploration and early-stage development within the gold and copper mining sector, serving the global demand for these essential metals. The company also maintains shareholder interests in its previously demerged subsidiary, Australian Gold and Copper Limited, which it spun off in 2021. Magmatic Resources Limited combines technical capability with strategic project acquisitions and partnerships to build a robust pipeline of exploration assets, positioning itself as a leading junior explorer in Australia’s mining industry. Its focus on gold and copper projects in prolific mining regions and collaborations with industry leaders support its mission to achieve significant mineral discoveries and contribute to the country's mining sector growth. This description is based on the latest publicly available information as of late 2025.